Tag Archives: credit-crisis
BlackRocks Global Macro Hedge Fund Bets on More Stock Declines
Bloomberg – BlackRock Inc.’s global macro fund, the world’s second-best performer over two years among hedge funds that invest based on economic trends, is betting against this month’s equities rally and buying bonds as a recovery from the worst credit […]
UBS Names Former Finance Minister Villiger Chairman
Bloomberg – UBS AG, Switzerland’s largest bank, nominated former Finance Minister Kaspar Villiger as chairman of its board of directors, replacing Peter Kurer after one year amid a probe into whether it helped wealthy Americans evade taxes. Kurer’s departure comes […]
Hedge funds to survive crisis, says hedge fund exec Borges
Reuters – The hedge fund industry can survive the credit crisis despite the recent damage to the sector, the chairman of the Hedge Funds Standards Body told the CESR conference on Monday. "These people (hedge funds) will possibly prove to […]
Japanese Hedge Fund 21st Century Asset to Seek Takeover Targets
Bloomberg – 21st Century Asset Management Co., run by former Nomura Asset Management Co. executive Takanori Shimizu, said it may seek growth through takeovers after the worst year on record for hedge funds. Shimizu, 63, said he will also cut […]
Hedge funds post record US$350b loss in 2008
Business Times Malaysia – Hedge funds posted their biggest decline on record last year, losing US$350 billion globally, as the credit crisis crippled returns and forced investors to pull money out, an industry report showed. About 90 per cent of the […]
Silk Invest/Danfonds Team to Launch 2 new Hedge Funds
West Palm Beach (HedgeCo.net) – Specialist asset management firm, Silk Invest Ltd, has acquired Danfonds Frontier Fund SPC., a Cayman based hedge fund, in an all equity deal, Silk Invest also bought majority share in Danfonds Frontier Fund SPC, which will […]
Huge cash outflows hit hedge funds
The Australian – After suffering one of the worst years on record, Australia’s $62 billion hedge fund industry is bracing for even tougher times in 2009 as a confluence of factors works against them, including poor performance, more regulation, further […]
Hedge Funds Have Another $200 Billion to go to Complete Their ‘De-leveraging’
Money Morning – Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion in assets to reach their objectives, a new study found, though a Money Morning expert believes the exit door could […]
World business leaders back more regulation
MSN UK News – Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured finance. Responses from […]
US dollar makes comeback, ‘bucking’ world downturn
North County Times – The stock market is retreating, credit markets are squeezed and many corporate earnings are diving. But one piece of the mangled U.S. economy is making an improbable comeback: the dollar. As the financial meltdown clobbers world […]
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 […]
