Tag Archives: expectation
Sprott profit sags as equity rise hits hedge funds
Reuters – Quarterly profit at asset manager Sprott Inc was down by half as some hedge funds were hurt by rallying stock prices, while the company said opportunities still exist on the long side of the market. Eric Sprott, who […]
Art Show Opens in NY With Less Hedge-Fund Money for Picasso
Bloomberg – At the Art Show last year, dealer Richard L. Feigen offered an $8.5 million Pablo Picasso still life. This year, he’s highlighting less expensive art, including a $90,000 purple teapot painting by Georges Braque. “The guys with the […]
Mutual Funds: Saner Markets Ahead
Forbes – In the December issue of Dan Wiener’s newsletter, "The Independent Adviser for Vanguard Investors," Wiener interviews James Barrow, lead manager for $31 billion Vanguard Windsor II, and learns that the venerated value manager believes that hedge fund liquidations […]
Tribune Co., smothered in debt, files for bankruptcy
Northern Star Online – Media conglomerate Tribune Co., smothered by $13 billion in debt and weak prospects for generating cash through advertising, on Monday became the first major newspaper publisher to seek bankruptcy protection since the Internet began siphoning readers […]
New Jersey drawing heat for hedge-fund foray
Washington Post – New Jersey’s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. New Jersey made the investments last month, to funds run by BlackRock Inc <BLK.N>, Canyon Capital Advisors LLC and […]
Crunch halts production of independent films
Chicago Tribune – The credit crunch and global economic recession have squeezed many independent filmmakers, who were already struggling from a glut of films and a shortage of funds even before the global economy went into a tailspin last month. […]
Hedge funds: will it be a renaissance Man?
Times Online – Hedge funds are supposed to like risk and to love leverage. However, in the current markets, it has all got too much for Man Group. The world’s biggest quoted hedge fund manager – and historically one of […]
Treasury, FDIC Said to Consider Guarantees to Stem Foreclosures
Bloomberg – The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures, people familiar with the matter said. The plan, which might […]
Key 2010 Olympics company in BC refinances just ahead of deadline
Metro Canada – A company that will play a key role in the Vancouver 2010 Olympic Games ended rampant speculation about its financial well-being Thursday by completing a deal to refinance a $1.7-billion loan – just hours before deadline. Intrawest […]
Devaney’s Funds Wiped Out After United Capital Gets Margin Call
Bloomberg- John Devaney is liquidating hedge funds at his United Capital Markets Holdings Inc. after failing to meet a margin call from Deutsche Bank AG. Deutsche Bank seized and auctioned off collateral after the Horizon group of funds failed to […]
Bear Stearns passes into Wall Street history
Financial Times – Jimmy Cayne apologised for the first time to Bear Stearns shareholders and employees on Thursday as the investment bank he helped build into a scrappy powerhouse formally disappeared into Wall Street history as the biggest victim of […]
