Tag Archives: financial-markets
Ashmore sees tough 2009 for fund raising, outflows
Interactive Investor – British fund firm Ashmore Group said it expected the fund-raising environment to remain tough in 2009 as clients continue to cash in investments, after it reported first half profits in line with forecasts. The group, which specialises […]
Europe’s leaders for checks on hedge funds, tax havens
Economic Times – European leaders meeting in Berlin on Sunday backed oversight of the world?s financial markets and products, including hedge funds, and urged that sanctions be drawn up to punish tax havens. A copy of the “chair’s summary” from […]
Wachovia to Buy Back Auction Rate Securities from Clients
New York (HedgeCo.Net) – Wachovia customers who invested in auction rate securities prior to their collapse will most likely get their money back. The SEC announced a settlement yesterday with Wachovia Securities that will provide $7 billion in liquidity to […]
Bernard Madoff, the Mafia, and the Friends of Michael Milken
Market Rap – In 2005, Patrick Byrne, the CEO of Overstock.com and future Deep Capture investigative reporter, began a public crusade against illegal naked short selling (hedge funds and brokers creating phantom stock to manipulate stock prices down). He said, […]
Eze Castle & Reuters Sponsor Obama Hedge Fund Strategy Panel
West Palm Beach (HedgeCo.net) – Hedge fund tech. provider Eze Castle Integration and Thomson Reuters are sponsoring a panel to discuss hedge fund strategies and regulatory considerations for the Obama administration, the ‘Obama Administration & Hedge Fund Strategies panel’. Hedge […]
Death agony of Thatcher era
Asia Times Online – During the end of the 1970s into the 1980s, British Conservative prime minister Margaret Thatcher and the City of London financial interests who backed her introduced wholesale measures of privatization, state budget cuts, moves against labor […]
Journal of a Plague Year: Faith in Markets Cracks Under Losses
Bloomberg – It has been a year of record misery: the largest bankruptcy, bank failure and Ponzi scheme in U.S. history; $720 billion in writedowns and losses by financial institutions; $30.1 trillion in market valuation wiped out. The biggest loss […]
Paulson Not on Board with Redemption Restrictions
New York (HedgeCo.Net) – John Paulson, head of hedge fund firm Paulson & Co., recently spoke his mind on the wave of redemption freezes that many managers have chosen to impose. “We think it’s a mistake for our managers to […]