Tag Archives: president elect
Battered Wall St tops Obama inaugural donors-study
Daily Monitor – Wall Street may be bruised and battered, but it still donated more money than any other U.S. industry to President-elect Barack Obama’s inaugural festivities on Tuesday, a study has found. The Center for Responsive Politics said executives […]
Senate Gives Obama Victory, Allows Distribution of $350 Billion in TARP
New York (HedgeCo.Net) – President-elect Barack Obama has been granted permission to dole out the second half of the $700 billion in the Troubled Asset Relief Program, after a vote of confidence from the Senate. They shot down a resolution […]
Obama’s Treasury to Restrict Dividends, Executive Pay
New York (HedgeCo.Net) – Financial institutions that have received generous assistance from Congress may be forced to restrict executive compensation and their dividends, if Barack Obama and his new Treasury have their way. “Those receiving exceptional assistance will be subject […]
Volcker Helps Finance Museum Raise $470000 at Gala, Defy Slump
Paul Volcker, one of the men President-elect Barack Obama is counting on to save the U.S. economy, last night helped the Museum of American Finance raise about $470,000 at a gala dinner. The former Federal Reserve chairman’s Rolodex and clout […]
Fixing US economy’s health is a boon for DC region
Charleston Gazette – Whether it’s a buildup of Civil War troops, Depression-era bureaucrats or defense contractors after Sept. 11, the region has prospered in times of crisis. Today, the financial meltdown is delivering a jolt of its own. Lawyers, lobbyists […]
Aussie hedge fund manage HFA Holdings freezes payouts
The Australian – HFA, which has $5.8 billion in assets, joins a long line of fund managers — including Perpetual, Babcock & Brown and Macquarie Group — in suspending redemptions from some funds this year as the credit crisis takes […]
Hedge funds ‘must reorganise’ to avoid Obama-era taxes
Business Intelligence Middle East – International Tax lawyers are urging private-equity and hedge-fund clients to restructure their partnerships so they can sidestep the higher taxes that president-elect Barack Obama has vowed to impose on their profits. Obama’s promise to revive […]
