Tag Archives: accountant


Hedge Funds Fell 0.75%, Worst First-Half Performance

July 11, 2008 : Permalink

Bloomberg – Hedge funds turned in their worst first-half performance in almost two decades as the collapse of subprime-mortgage bonds and rising commodity prices pushed stocks to the brink of a bear market. Hedge funds declined by an average 0.7 […]

J-Power Wins Shareholder Vote on Payout, Defeats TCI

June 26, 2008 : Permalink

Bloomberg- J-Power shareholders defeated a proposal by U.K. hedge fund TCI for the company to double its dividend, ending a monthlong proxy battle and sending the stock to its biggest decline since February. Shareholders of Electric Power Development Co., the […]

Hedge Funds Cut Oil Bets as Prices Rose, CFTC Probed

June 2, 2008 : Permalink

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 […]

Hedge funds hurt Fifth Third’s results

May 21, 2008 : Permalink

Bloomberg- A sharp decline in a Fifth Third Bancorp hedge fund investment led to more than $300 million in charge-offs the bank took in the last two quarters, according to a Bloomberg report. Cincinnati-based Fifth Third had already said that […]