Tag Archives: credit-cards
Dollar near 1-mth high vs euro before US jobs
Forbes – The dollar edged up towards a one-month high against the euro on Friday before monthly U.S. jobs data later in the day, with investors viewing the report as a key hurdle for whether the U.S. currency can sustain […]
AIG Earnings Slump on Private Equity, Hedge Funds
Bloomberg – Just when American International Group Inc. shareholders figured things couldn’t get worse at the world’s largest insurer, profit from the company’s private equity and hedge fund investments is evaporating. Earnings from so-called alternative holdings were probably close to […]
Cayman Islands Sets Milestone with 10000 Registered Funds
ITNews- Recent second quarter figures from the Cayman Islands Monetary Authority (CIMA), have confirmed the achievement of a key milestone by the Cayman Islands financial services industry, with more than 10,000 investment funds currently registered in the jurisdiction. At the […]
China-focused funds raise $12 bln in Q2
Reuters Shanghai- Ten new China-focused private equity funds raised $12 billion (six billion pounds) in the second quarter, but poor market conditions have forced foreign funds to delay exits of their investments through IPOs and secondary offerings, consultant firm Zero2IPO […]
Assured Guaranty Says Profit Will Surge on Derivatives Gains
Bloomberg- Assured Guaranty Ltd., which owns one of two bond insurers to have retained Aaa credit ratings, said its second-quarter profit would surge by more than 14 times because of gains in credit derivatives. The company, whose second-biggest shareholder is […]
Canberra drags its heels as the SEC tackles the problem
The Australian- The SEC’s decision to take a hard line on the illegal practice of naked short-selling is a band-aid attempt to fix a problem that is plaguing most stock markets in various guises, but at least it is having […]
Hedge fund chief warns of worse to come
Financial Times- A hedge fund manager who made some of the biggest profits from the global credit crisis said on Wednesday there was worse to come as evidence mounted that banks are struggling to regain their earnings power and properly […]
Citigroup to close Pandit founded hedge fund
Times Online- Citigroup is to close an $800 million hedge fund co-founded by its chief executive Vikram Pandit, following bad returns and the loss of top managers. The US investment bank will now buy what is left of Old Lane […]
