Tag Archives: journalism
Funds Try to Lose Ties to Lehman
New York Times – For some hedge funds, Lehman Brothers has become the Roach Motel of Wall Street: They checked in, but they can’t check out. Two weeks after Lehman spiraled into bankruptcy, hedge funds that did business with the […]
GE to raise $15 billion, Buffett gets preferred stake
Reuters – General Electric Co plans to raise $15 billion through stock sales — including $3 billion from Warren Buffett — to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the […]
Opening The Fed Lending Window To Hedge Funds
24/7 Wall St. – The idea of bailing out hedge funds or helping them in any way runs counter to the best instincts of most citizens, regulators, and law makers. The wealthy do not need a Good Samaritan. Allowing hedge […]
Pickens hedge fund has lost more than $1 billion
Houston Chronicle – Boone Pickens, the billionaire founder of BP Capital LLC, said 15 percent of his hedge funds’ holders have asked for the option to withdraw their money after he lost more than $1 billion in energy trades this […]
Wall Street Finance “Banking” On Hollywood?
CNBC – The Wall Street fallout is having aftershocks throughout the economy, but believe it or not, the entertainment industry is having no problem securing bank-financed credit. Sure, it’s not boom time, but the fact that media companies are able […]
Fund Managers Rattled as Rescue Plan’s Rejection Shakes Markets
Bloomberg.com: UK & Ireland – “I’ve never lived through something like that,” Stephen Jarislowsky, the 83-year-old chairman and founder of Montreal-based money manager Jarislowsky Fraser Ltd., said yesterday about the past month on Wall Street. “I don’t even think the […]
Golden age of hedge funds dims
International Herald Tribune – Making millions – or even a few billion – by managing a hedge fund has been a running dream on Wall Street in recent years. But suddenly even the masters of this $2 trillion universe are […]
Financial Armageddon Possible Tomorrow, Says Tom Wolfe
Gawker – Last week the Observer, Tom Wolfe said the truly rich would be protected from the Wall Street meltdown because all the smart guys had long since decamped for hedge funds, leaving investment banks staffed by "real second-raters." This […]
PM turns attention to world poverty
Independant – Gordon Brown will hail a new £1.5 billion drive to eradicate deaths from malaria in the developing world by 2015 at an emergency United Nations summit on world poverty and disease. The initiative, to develop a vaccine and […]
Nomura grabs Lehman Asia unit
Reuters Tokyo – Japan’s Nomura Holdings is to buy the Asian operations of Lehman Brothers, a source with direct knowledge of the deal said on Monday, outbidding other banks seeking to scoop up the bankrupt U.S. bank’s Asian assets. The […]
Hedge funds shy from Bush’s Wall St. bailout
Reuters – Hedge funds are unlikely to be among financial institutions clamoring to unload their bad debts under a proposed $700 billion Wall Street bailout plan, the chief of the funds’ lobbying group said on Tuesday. "I think it’s unlikely […]
