Category Archives: Syndicated
Key 2010 Olympics company in BC refinances just ahead of deadline
Metro Canada – A company that will play a key role in the Vancouver 2010 Olympic Games ended rampant speculation about its financial well-being Thursday by completing a deal to refinance a $1.7-billion loan – just hours before deadline. Intrawest […]
Wall Street layoffs could surpass 200000
Los Angeles Times – Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record. The fallout from this year’s global credit crisis […]
The Risks and Rewards of Investing in a Bear Market
Time – Benjamin Graham was well prepared for the Crash of 1929. The now legendary investor had hedged his bets: he would buy preferred stock in a company and sell short common stock in the same company. When stocks crashed […]
Settling down
Times of Malta – The situation in the international financial markets, although still displaying signs of uncertainty, seems to be settling down. Governments in the major economies, US, UK, Germany, France and Italy, no longer seem to be chasing fairies […]
Whitebox hedge fund puts halt to cashing out
Minneapolis Star Tribune – Hedge fund manager Whitebox Advisors won’t let customers cash out, according to a national publication that follows the lightly regulated industry that manages money for affluent individuals and institutions. The Minneapolis firm, which runs about $4 […]
This Hedge Fund Manager Tries to Short Himself: Michael Lewis
Bloomberg – The first time I sensed the alarming change in my soul was when I caught myself, five minutes after the market open, reaching for a reefer. Trust me, I didn’t amass legacy wealth (underestimated by Forbes magazine in […]
Credit Crunch Rocks Bain, as Funds Fall Up to 50%
Wall Street Journal – Some high-profile Bain Capital credit-investment funds are choking on losses of as much as 50%, said people familiar with the matter, the latest revelation in a day of shake-ups across the hedge-fund business. The private-equity firm’s […]
Former Columbia Professor Starts Asia Fund of Value Hedge Funds
Bloomberg – Van Biema Value Partners LLC, led by a former Columbia Business School professor, started a new fund to invest in Asian hedge funds while plunging markets and client withdrawals force rivals to scale back investments. The Cayman Islands-domiciled […]
Komodo Hedge Fund Outperforms as Cameron Replicates Japan Bets
Bloomberg – Komodo Capital Management Pte’s hedge fund outperformed rivals as Chief Investment Officer Angus Cameron employed strategies he developed during Japan’s slump in the 1990s to profit from the global financial turmoil. The Singapore-based firm’s KC Asia Fund has […]
EU’s enthusiasm for new global financial order
People – Bowing to Europe’s enthusiasm fora new global financial order, U.S. President George W. Bush has agreed recently to host a world summit on reforms of the international financial system. After a weekend meeting at Camp David some 100 […]
Obama brushes aside GOP criticism of his tax plans
Bloomington Pantagraph – Democrat Barack Obama on Wednesday brushed aside Republican charges that his tax plan amounts to socialism, but acknowledged it involves “spreading around opportunity’’ so that wealthier Americans — like himself — pay a little more to help […]