Category Archives: Syndicated
Bush pardons 14 and commutes 2 prison sentences
AP – President George W. Bush has granted pardons to 14 individuals and commuted the prison sentences of two others convicted of misdeeds ranging from drug offenses to tax evasion, from wildlife violations to bank embezzlement, The Associated Press learned […]
Recovery should start by H2 FY10 post polls: Samir Arora
Moneycontrol.com – Samir Arora, Fund Manager, Helios Capital, said the markets are too volatile to predict yet, but we may be close to the bottom. "The fall in markets may be getting over, but it may take months to recover. […]
Interview With George Soros: ‘The Economy Fell Off The Cliff’
Free Internet Press – George Soros, 78, has made billions as a hedge-fund manager and investor. Germany’s Spiegel magazine spoke with him about the current financial crisis, how he expect President-elect Barack Obama to respond to the economic disaster and […]
SMU grad is the go-to guy for seekers of bailout funds
Dallas Morning News – It’s every SMU grad’s dream: to be young, handsome, and closely involved with deciding how to spend $700 billion. Attention, Class of 2000: Your fellow alum, Jeb Mason, is living it. Mr. Mason, 32, has spent […]
Cobra on sale for 200 million pounds
Business Standard – Indian entrepreneur Lord Karan Bilimoria has put Cobra, the beer company he founded 18 years ago, up for sale for an estimated £200 million, a leading daily here claimed today. The 46-year-old businessman had drafted in advisers […]
Experts show the way on post-Bush portfolios
Asbury Park Press – The end of the George W. Bush era brings some Grateful Dead lyrics to mind: "What a long, strange trip it’s been." The first Bush term opened following the bursting of the tech bubble, which had […]
Hedge Funds Reduce Stock Holdings
Washington Post – Hedge funds cut stock holdings by almost two-thirds from a year ago, signaling that they are less willing to take risks amid tighter credit and almost $1 trillion in write-downs and losses, Goldman Sachs Group said. Net […]
Funds’ Big Test: The Great Redemption Rush
BusinessWeek – The battering that U.S. stock indexes have taken since the financial crisis escalated in late September has largely been the result of forced selling by mutual and hedge funds in need of cash to meet rising redemptions as […]
Hedge funds fume about CVC
The Australian – Hedge funds who invested in Channel Nine’s owner PBL Media are unhappy about a rescue package to refinance the group’s $4.3 billion in debt, The Asian Wall Street Journal has reported. Private equity group CVC Asia Pacific, […]
Blackstone trims its Asia-focused fund
Reuters – Blackstone Group LP has cut the size of its planned Asia-focused hedge fund because the global financial crisis has led to redemptions, the Wall Street Journal said citing people familiar with the situation. Blackstone, which manages private equity, […]
Rivals bet against Morgan Stanley in September
Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal said, citing trading records. The firms included Merrill Lynch & Co, […]