Tag Archives: contagion
A hedge fund that actually hedges risk
Globe and Mail – This is how bad things are for hedge funds right now. On the CanadianHedgeWatch.com website, a hub for the hedge business, the lead article one recent day was headlined "The hedge fund collapse." The article, which […]
Hedge funds could help finance growth
Reuters – Hedge fund managers could play a key role in jump starting the ailing U.S. economy if Washington offers them appropriate tax breaks, a prominent hedge fund industry lawyer said on Tuesday. Sitting on billions of dollars in cash, […]
European shares climb higher
Reuters – European shares climbed on Friday while most Asian shares fell as investors sought to balance economic worries with a new era of lower interest rates ahead of key U.S. jobs data. Oil dropped briefly below $60 a barrel […]
‘Wave’ of credit crunch cases set to emerge
Times Online UK – Litigation departments at the City’s leading law firms have grown significantly busier in recent weeks as investors turn to legal action to recover losses suffered as a result of the financial crisis. Although lawyers have been […]
White House Inaction on Rules For Hedge Funds Is Criticized
Washington Post – The Bush administration’s decision to drop proposed money-laundering rules for hedge funds is "inexplicable, ill-timed and unwise," Sen. Carl M. Levin (D-Mich.) said yesterday. Hedge funds, private investment pools whose investors are often wealthy individuals, have drawn […]
Money-Laundering Risk Of Hedge Funds Gauged
Washington Post – Seven years ago the Patriot Act required every financial institution to establish a program to combat money-laundering. But the roughly $2 trillion hedge-fund industry today remains free of any such government restrictions, and this week the Treasury […]
Deephaven Freezes Multistrategy Hedge Fund to Avoid Asset Sales
Bloomberg – Deephaven Capital Management LLC, the hedge-fund unit of stockbroker Knight Capital Group Inc., froze a $1.6 billion fund after investors asked to get back 30 percent of their money. Withdrawals from the Deephaven Global Multistrategy Fund were suspended […]
Hedge Fund Boxers Forget Market Woe, De-Stress at Charity Fight
Bloomberg – At 5-foot-4 and 48 years, Nissim “The Miracle” Tse is the shortest and oldest of 34 boxers signed up for this year’s Hong Kong Hedge Fund Fight Nite. Calling himself “a financial warrior,” Tse likens boxing to his […]
Five Myths About the Election and the Stock Market
BusinessWeek – For the first time in 76 years, a financial crisis is occurring at the same time as a Presidential election. Based on recent polls, the coincidence seems to have boosted the chances that Illinois Senator Byearack Obama, the […]
Broken Securities Industry Still Has $20 Billion to Pay Bonuses
Bloomberg – Five straight quarters of losses and a 70 percent slide in its stock this year haven’t stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses. Goldman Sachs Group Inc. and Morgan Stanley, both still […]
Russian hedge funds face closure
Reuters – Up to half of Russian hedge funds could go out of business as the financial crisis sends investors fleeing and the stock market continues to fall, according to industry experts. Speaking at the Russia Alternative Investment Summit on […]
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 […]
