Category Archives: Syndicated
Lehman Bros. denies tapping Fed
Seattle Times- Lehman Brothers on Tuesday denied that it was forced to tap the Federal Reserve’s discount window to stave off cash problems, and maintains that its books remain liquid. The nation’s fourth-biggest investment bank was battered Tuesday amid reports […]
Barbarians at Japan’s gates
On July 8, 1853, Commodore Matthew Perry of the United States Navy sailed into Tokyo Bay with four warships. The American show of force ended 200 years of self-imposed isolation for Japan, compelling it to end its strict limits on […]
BBA to beef up supervision of its Libor rates
Reuters- The group in charge of setting Libor interest rates said on Friday it will strengthen oversight of the global interbank lending benchmark, months after it became seriously distorted by the credit crisis. The British Bankers Association said on its […]
Hedge fund attacks Lion on Indophil sale plan
The Age- Plans by Melbourne-based Lion Selection to sell its stake in Indophil to Xstrata for $1 a share have come under attack from London hedge fund Carrousel Capital. The move raises the prospect that Indophil can turn the tables […]
RBS Rises on Speculation Hedge Fund Will Seek Breakup
Bloomberg – Royal Bank of Scotland Group Plc led gains for European banking stocks on speculation that demand for its rights offer is strong and a U.K. hedge fund is buying shares to push for a breakup. Edinburgh-based RBS, Britain’s […]
Soros points a finger at institutional investors
Houston Chronicle – Billionaire investor George Soros told a Senate panel Tuesday that the run-up in oil prices has "some of the earmarks" of a bubble and that institutional investors stampeding into commodities are helping raise prices. Appearing before the […]
Man Group Sells Guaranteed Managed Futures Fund in Hong Kong
Bloomberg – Man Group Plc, the world’s largest publicly traded hedge fund manager, began selling a managed futures fund with a capital guarantee to Hong Kong individuals seeking protection from falling stock markets. Man AHL Guaranteed Futures 3 Ltd. will […]
Wall Street broker acquitted of gym member assault
International Herald Tribune- A Wall Street stock broker accused of throwing a fellow health club member into a wall during a cycling class has been acquitted. A Manhattan Criminal Court jury found 44-year-old Christopher Carter not guilty of assault against hedge-fund […]
Judge denies bail in hedge fund fraud case
Telegram.com – Convicted swindler Amit Mathur will remain in federal custody for the next three months, a federal judge ruled today. In denying Mr. Mathur’s bid to be released on bail until his sentencing, scheduled for Sept. 5, U.S. District […]
Hedge funds push boat out for Ark charity
Times Online- This week, some of the City’s wealthiest people will descend on a lavish party in London intent on giving away a large chunk of their personal fortunes. More than 1,100 will pile into the Absolute Return for Kids […]
Hedge Funds Cut Oil Bets as Prices Rose, CFTC Probed
Bloomberg- Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since July as crude futures rose to records and U.S. regulators started investigating trading, government data show. So-called speculative net long positions fell to 25,867 contracts […]
Putin Denies Knowing of Banned Hedge Fund Manager Bill Browder
Bloomberg – Prime Minister Vladimir Putin said he’s “never heard of” Bill Browder, founder of the hedge-fund firm Hermitage Capital Management Inc. who has been barred from Russia since November 2005. “I never heard of that name before,” Putin said […]