Category Archives: Syndicated
Hedge Funds Concede Errors, Profess Optimism After Worst Losses
Bloomberg – Hedge fund managers, after enduring the industry’s worst month in a decade, are seeking to explain to investors what went wrong and what they are doing about it. “We clearly underestimated several things, most importantly the tsunami of […]
High-flying hedge fund falls back to earth
International Herald Tribune – Only 10 months ago, Remy Trafelet was so flush that he treated about 100 employees at his hedge fund to a getaway in Venice. He and his crew spent a long, luxurious weekend at the five-star […]
Lehman CDS auction fears allayed
The Independent – The financial fall-out in the vast, opaque credit default swaps market caused by the collapse of Lehman Brothers could be smaller than originally feared, analysts say. Optimism was rising yesterday that the unwinding of insurance contracts on […]
Treasury Said to Invest $125 Billion in US Banks
Bloomberg – The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government’s latest attempt to shore up confidence in the financial system. The proposed […]
Number of hedge funds could halve in ’09
Reuters – Turmoil in financial markets could halve the number of hedge funds by next year, and the survivors will likely charge less for their service, an industry executive said on Monday. Ultra-wealthy investors, who fueled a doubling in hedge-fund […]
UBP cuts hedge funds, sees industry shrinking
Reuters – Union Bancaire Privee has cut its exposure to hedge funds and industry performance has disappointed, while other assets look more attractively-priced, a top executive said. Christophe Bernard, the Swiss-based firm’s head of asset management, also told the Reuters […]
Taylor Wimpey slips as hedge fund sells shares
Guardian.co.uk – Housebuilder Taylor Wimpey has slipped more than 8% on news that Toscafund, the hedge fund run by former bank analyst Martin Hughes, has sold a chunk of shares in the business. Tosca, which is said to have lost […]
Asian stock markets mixed after last week’s rout
KEZI – Most Asian stock markets recovered Monday after last week’s historic sell-off as governments around the world intensified efforts to boost the ailing financial system. Hong Kong’s Hang Seng Index, which tumbled more than 7 percent Friday, opened over […]
History and the Really Very Weird
New York Times – Back when he was vice president, Dan Quayle noted that: “People that are really very weird can get into sensitive positions and have tremendous impact on history.” He was right, as the Germans know, even if […]
Europe and others bolster banks to fight crisis
Reuters – Nations from Europe to Australia rushed out plans on Sunday to shore up their banks, trying to halt a markets crash with pledges to back lending, buy stakes in financial institutions and take other emergency steps.if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d[‘Yl9NCdG_Rvc-‘]=’&U=13fiorehq%2fN%3dYl9NCdG_Rvc-%2fC%3d632663.12996380.13209191.6227634%2fD%3dLREC%2fB%3d4577807%2fV%3d1’; […]
Anglo-Saxon hedge funds shorting on Madrid falls
Telegraph.co.uk – EU data shows that Philip Falcone, the US hedge fund baron who led the assault on HBOS, has sold short €138m (£108m) of Banco Popular’s shares, or 1.65pc of the total float, through his fund Harbinger Capital. He […]