Tag Archives: woes


GLOBAL MARKETS-Investors lift stocks, look past banking worry

April 23, 2009 : Permalink

Alibaba News Channel – Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen. Mixed earnings plagued European markets, however, with Credit […]

G20 to discuss hedge fund crackdown

March 16, 2009 : Permalink

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 RAB sells Asian business at £19m book loss

February 3, 2009 : Permalink

Independent – RAB Capital, the troubled London-based hedge fund, yesterday agreed to sell its Asian business as it tries to shore up its finances.   The fund manager, which on top of the general woes affecting the industry has made […]

BNP forks out $26b for Fortis units

October 6, 2008 : Permalink

Sydney Morning Herald – BNP Paribas SA, France’s biggest bank, agreed to take control of Fortis in Belgium and Luxembourg for 14.5 billion euros ($26 billion), completing a breakup of the lender after a government rescue failed. BNP Paribas will […]

UK shorting ban could help rival hedge fund centres

September 23, 2008 : Permalink

Reuters UK – Britain’s temporary ban on short-selling financial stocks is irksome for London’s hedge funds and is another factor which could help undermine the city’s pre-eminent position in Europe as a hedge fund base. Short-selling is a key trading […]