Tag Archives: money
Geithner’s Toxic Asset Plan: Wall Street Finally Cheers
Time.com – To stop the economy’s deflationary spiral, President Obama and Treasury Secretary Tim Geithner need to get toxic assets off banks’ balance sheets so the banks can start lending again. With much fanfare and after much delay, Geithner on […]
Obama’s toxic assets plan greeted with skepticism
Associated Press – The Obama administration’s latest plan to help banks get credit flowing again is drawing a tepid reaction from investors and academics, who say the proposal comes with too many strings attached and is unlikely to stimulate lending […]
New Horizon may start second fund
Reuters UK – New Horizon Capital, a Japanese private equity firm, said it may start raising its second fund this year as it sees opportunities to make money from investing in struggling companies. New Horizon has five potential transactions in […]
Fund at Covenant Capital rebounds as market sags
Charlotte Business Journal – In early 2008, Jim Morgan and his partners at Covenant Capital sent a gloomy letter to their investors. After a couple of disappointing years, the letter said, the hedge-fund firm was preparing to close. It told […]
Tough times bring fund sector consolidation
LUXEMBOURG (Reuters) – A wave of mergers and acquisitions could sweep the fund management industry this year as players come under pressure from the market turmoil, said speakers at the Reuters Funds Summit. One leading hedge fund manager added that […]
Citi: Hedge Funds to Jump at Toxic Asset Opportunities
Private Equity Hub – Wealth managers at Citi are telling their clients to watch for a burst of hedge fund activity in bad assets. The wealth investor says in its most recent note that the biggest opportunity for hedge funds […]
G20 to discuss hedge fund crackdown
This is Money – ‘The big principle to come out of this is we have to care about things that are systemically important, and if necessary regulate them – and that includes hedge funds,’ said one UK official. It marks […]
Hedge Fund Corporate Welfare
TPMCafé – Last November, Ken Griffin told investors in his Citadel Hedge Funds that they couldn’t withdraw their money, but he was still going to charge a 2% management fee on their trapped funds. Oren Kramer a rival hedge fund […]
Survey: Investors gloomy over hedge funds
Norwalk Advocate – It could be six months to a year before major investors start pumping money back into the market, according to a survey by Quinnipiac University and Greenwich Roundtable, which represents hedge fund investors who control or manage […]
Hedge funds to jump at toxic asset loans
Stuff – Wealth managers at Citi are telling their clients to watch for a burst of hedge fund activity in bad assets. The wealth investor says in its most recent note that the biggest opportunity for hedge funds is probably around […]
Placer County supervisors hedge bets on stimulus solving sewer woes
Auburn Journal – Placer County is pumping money into a North Auburn sewer treatment plant upgrade while seeking federal funding for a pricey regional wastewater pipeline from North Auburn to Lincoln. No decision has been made to commit to either […]
Madoff faces 150-year sentence after guilty plea
Hindustan Times – Bernard Madoff, whose $50-billion fraud devastated individual and institutional investors worldwide, could spend the rest of his life in prison after pleading guilty later this week. In a court hearing Tuesday, defence lawyer Ira Sorkin said that Madoff would […]
