Tag Archives: chief-executive
RMB launches diversified target fund targeting DB and DC schemes
Professional Pensions – RMB Asset Management has launched a diversified target fund in a bid to help schemes manage funding volatility. The asset management firm said the multi-manager RMB Diversified Target Return Fund has exposure to equities, bonds and alternatives […]
Withered hedge funds set for severe autumn pruning
Times Online – Who would be in hedge funds right now? Man Group, which has long traded on its name as the world’s largest hedge fund manager, yesterday found the tag something of a liability. The shares lost 35½p to […]
Bernanke, Paulson Pushing $700 Billion Rescue Plan
New York (HedgeCo.Net) – Federal Reserve Chairman Ben Bernanke joined Treasury Secretary Henry Paulson yesterday in an attempt to sway lawmakers to pass a $700 billion rescue plan that would purchase illiquid mortgage-backed assets in an attempt to restore the […]
MSCI Barra Joins Morningstar Arrangement
West Palm Beach (HedgeCo.net) – MSCI Barra and Morningstar have entered into an arrangement to calculate and distribute hedge fund indices jointly. “We are delighted to be working with Morningstar, and believe that this exciting development will greatly benefit all […]
Lloyds TSB Group: Financials soar after FSA bans short selling
Proactive Investors UK – The top thirty gainers for the London Stock Exchange (‘LSE’) read out like a roll call for the British and Irish financial industry, after the Financial Services Authority (‘FSA’) announced late last night that it was […]
Fed Reverses Stance on AIG, Provides Rescue
New York (HedgeCo.Net) – Just one day after reaffirming their stance they would not rescue America International Group Inc., the Fed has agreed to lend the collapsing insurer $85 billion in exchange for a 79.9 percent majority stake. The Fed […]
Ruling: Hedge Funds Receive Their Rightful Seats on Board
New York (HedgeCo.Net) – Hedge fund TCI has won two more seats on the board of railroad operator CSX, in what looks to be the finale of a year-long proxy battle. A U.S. Court of Appeals judge ruled yesterday in […]
Commodities ravaged as traders flee risk
Times Online – Surging fears of Armageddon in the global financial system ravaged a wide selection of commodities across Asia as groups ranging from hedge funds to day traders spent the day in a headlong flight from risk. The shock […]
AIG Seeks Investors, Deals With Harsh Ratings Cuts
New York (HedgeCo.Net) – In an effort to stave off bailout rumors, the Federal Reserve is urging American International Group Inc. to find private investors and warns that they should not expect a loan from the central bank. However, talks […]
Hedge funds force Orient Express to hold meeting
Business Standard – Tatas’ voting powers in Bermuda-based hotel firm to rise if shareholders approve reclassification of shares. The Tata group-controlled Indian Hotels Company’s voting power in Orient Express Hotels (OEH) will increase if the shareholders vote for annulling the […]
Hedge Funds Gone Wild
CNBC – Hedge funds have more control over stock prices than market and business fundamentals, Cramer said yesterday during Wednesday’s show, but now it looks like at least two companies are fighting back. Yesterday Cramer explained how massive hedge fund […]
Shocker! Steve Jobs Blames It All on Hedge Funds
New York Times – To the ranks of chief executives who blame those terrible meanies who run hedge funds for their troubles — Jeffrey Skilling at Enron, say, or Jimmy Cayne at Bear Stearns, or Patrick Byrne at Overstock.com — […]
