Tag Archives: sumitomo
JGBs jump on safe-haven bids after Lehman collapse
Reuters Tokyo – Japanese government bond futures soared by their daily limit of 3 full points on Tuesday and 10-year yields hit a five-month low on safe-haven buying in the wake of the collapse of Lehman Brothers. Global stock markets […]
Traders, Hudge-Fund Mgrs Whistle Past Wall Street Graveyard
CNNMoney.com – Wall Street equity traders usually thrive on volatility, but the latest arrival of carnage on their doorstep has distracted and confounded them. This habitually brusque bunch is even more harried than usual, worrying about their livelihoods and the […]
Nippon Life Targets Hedge Funds, Considers Distressed Assets – Bloomberg
Bloomberg.com: Asia – Nippon Life Insurance Co., Japan’s biggest life insurer, said it will boost hedge fund investments and may target distressed assets to take advantage of volatility caused by the collapse of the U.S. subprime mortgage market. Nippon Life, […]
Volatility Hedge Funds Outperform Industry First Time Since 2003
Bloomberg – Hedge funds that profit from turbulence in the financial markets are beating stock, bond and commodity investments for the first time in five years. Volatility hedge funds climbed 7.3 percent this year through August, according to the Newedge […]
Blackstone’s income falls, but beats expectations
International Herald Tribune – Blackstone Group, manager of the world’s largest leveraged-buyout fund, said Wednesday that second-quarter profit beat analysts’ estimates as gains from hedge funds offset a decline in private-equity takeovers. Net economic income, a measure that excludes some compensation […]
KKR Aims to Catch Blackstone With Offering, New Funds
Bloomberg- Henry Kravis is taking KKR & Co. public and moving into real estate and stock funds as he tries to catch up with Stephen Schwarzman’s Blackstone Group LP, the world’s largest private-equity firm. KKR, co-founded by Kravis in 1976, […]
Paulson hedge fund now looks to buy banks
Independent- The man who made a personal $3.7bn (£1.85bn) fortune by predicting the credit crisis is hoping to make another killing by helping to prop up financial companies brought to the brink of ruin by the chaos in the debt […]
Well-known lawyer joins ex-Bear manager
Reuters- Veteran U.S. lawyer Brendan Sullivan is joining the defense team of indicted former Bear Stearns hedge fund manager Ralph Cioffi, a person close to the matter said on Tuesday. Sullivan, a trial attorney who has represented high-profile clients including […]
Man arrested in failed hedge funds
Cayman Net News- The Royal Cayman Islands Police Service (RCIPS) have arrested an unidentified 47-year-old man in connection with last month’s collapse of several Cayman-domiciled investment funds. Detectives from the Financial Crimes Unit (FCU) arrested the man on suspicion of […]
Credit crunch to sting into next year
Reuters UK- A near one year-old credit crunch still has plenty of venom and will sting global financial markets and the economy well into next year or even into 2010, a Reuters poll found. On the eve of its one-year […]
