Tag Archives: divestitures
Even strong hedge funds may go under
Reuters – Even some strong hedge fund managers may not survive the ongoing credit crisis due to a lack of funding or credit, the president of hedge fund John W. Henry & Co. said on Tuesday. "There are going to be some […]
Chrysler cash drains away as crisis deepens
Reuters – Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can’t clinch a merger with General Motors Corp or get government funding needed to ride out the economic crisis, people […]
Obama Addresses Economy, Will Confront Problems “Head-On”
New York (HedgeCo.Net) – In his first press conference since winning the presidential election, Barack Obama discussed ways to tackle the economic crisis while describing the “enormity of the task that lies ahead.” In the wake of what looks to […]
Moore Hires Greg Coffey as European Co-Chief Investment Officer
Bloomberg – Moore Capital Management LLC, founded by Louis Bacon almost two decades ago, tapped Greg Coffey, former GLG Partners Inc.’s top-performing money manager, to be co-chief investment officer of Moore’s European business. Coffey, 37, will join London-based Moore Europe […]
Frank looks ahead to the next step
Boston Globe – US Representative Barney Frank yesterday staked out the next battlefront in the economic crisis gripping the world: more regulation of hedge funds, investment banks, and other financial institutions. Frank, who heads the House Financial Services Committee, blamed […]
