Category Archives: Syndicated
Nomura grabs Lehman Asia unit
Reuters Tokyo – Japan’s Nomura Holdings is to buy the Asian operations of Lehman Brothers, a source with direct knowledge of the deal said on Monday, outbidding other banks seeking to scoop up the bankrupt U.S. bank’s Asian assets. The […]
UK Hedge Fund Managers Recieve AIMA’s Latest Capital Adequacy Guidance Update
West Palm Beach (HedgeCo.net) – Global representative association for the hedge fund industry, the Alternative Investment Management Association (AIMA), has issued updated guidance to its members on how to implement an Internal Capital Adequacy Assessment Process. "The hedge fund industry […]
The Hedge Fund Meltdown: Another Reason Wealth Needs Spreading
AlterNet – Jack Nash, a key pioneer of the global hedge fund industry, passed away this past summer. Much of the rest of the industry may soon join him six feet under. The industry, one insider told the Financial Times […]
Hong Kong shares lower on recession fears, hedge funds redemption worries
Reuters HK – Share prices were sharply lower at mid-morning, with the key index briefly slipping below the 12,000 level, on global recession fears and worries about hedge fund redemptions. Dealers noted concerns that the Japanese yen’s surge against the […]
More weak data, hedge-fund selling seen this week
Arlington Heights Daily Herald – In a typical recession, stocks start recovering about six months before the economy does. The crisis the United States is in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening […]
Citadel hedge fund denies Fed probe
Business Day South Africa – Examiners with the US Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group, The Wall Street Journal reported at the weekend. Citadel denied the report. […]
Desjardins pulls funds amid market plunge
Globe and Mail – Desjardins Group is winding down hedge fund-linked products, as Canada’s largest financial co-operative joins life insurers in dealing with problems in guaranteed investments that have been pounded by the downturn. Montreal-based Desjardins is shutting down lines […]
The Financial Page Greasing the Slide
New Yorker – “Death by a thousand cuts.” “Fire-sale liquidation.” “A vortex of selling.” No matter how people described the market collapse that hit a month ago, the message was the same: it felt like there was nowhere to go […]
Russian hedge funds face closure
Reuters – Up to half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall, according to industry experts. Speaking at the Russia Alternative Investment Summit on […]
Hedge Funds Meet With FSA, BOE Over Lehman Assets, FT Reports
Bloomberg – Hedge funds met with the U.K.’s Financial Services Authority and the Bank of England in London to discuss the return of their assets from Lehman Brothers Holdings Inc., the Financial Times reported, citing unidentified funds. Representatives from the […]
Cramer’s ‘Mad Money’ Recap: Hedge-Fund Madness
The Street – Forced selling by hedge funds is behind the late-day market volatility these days, Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He fears we may never see a bottom until the selling comes […]
600 jobs likely to go at Goldman
Guardian Unlimited – The threat of further redundancies hung over the City last night as it emerged that the investment bank Goldman Sachs is expected to cut at least 600 jobs in London. A wide-ranging cull of hedge funds in […]