Monthly Archives: March 2009
Dell says IBM-Sun talk creates business opportunity
Reuters – The chief executive of Dell Inc said on Tuesday that talk of IBM possibly buying Sun Microsystems was providing an "enormous opportunity" to the world’s No. 2 PC maker in the corporate server market. Michael Dell said such […]
Asian finance firms are more optimistic on acquisitions
The China Post – Asia-Pacific banks, brokerages, insurers and private equity firms are more optimistic about mergers and acquisitions as they seek to expand following a decline in asset prices, according to PricewaterhouseCoopers LLP. About 42 percent of financial institutions […]
BlackRocks Global Macro Hedge Fund Bets on More Stock Declines
Bloomberg – BlackRock Inc.’s global macro fund, the world’s second-best performer over two years among hedge funds that invest based on economic trends, is betting against this month’s equities rally and buying bonds as a recovery from the worst credit […]
UBS sees hedge fund assets shrinking
Reuters – Hedge fund assets will continue to shrink this year, falling as much as two-thirds from their 2007 peak, but investors will return and assets will rebound when the economy revives, Alex Ehrlich, global head of prime services at […]
Obama Outlines Toxic Asset Plan – Pressure is on Private Investors, Hedge Funds
New York (HedgeCo.Net) – The Obama administration has unveiled its much anticipated program aimed at clearing toxic assets from the books of U.S. banks and finding a middle ground between inaction and nationalization. By financing the purchase of up to […]
Record Hedge Fund Closures in 2008 From Madoff, Other Losses
New York (HedgeCo.Net) – Over $84 billion worth of U.S. hedge funds shut down last year, compared to just $18.7 billion in 2007, according to the latest data published by Absolute Return Magazine, a unit of HedgeFund Intelligence. More than […]
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 […]
“Hedge Fund Homeboys”
Press Release – CASTLE AND BECKETT UNCOVER THE DARK SIDE OF PREP SCHOOL TEEN CULTURE WHEN A BODY TURNS UP IN CENTRAL PARK, ON ABC’s "CASTLE" Air Date: Monday, March 23, 2009Time Slot: 10:02 PM-11:00 PM EST on ABCEpisode Title: […]
Suncor to buy Petro-Canada for $15 billion
Reuters – Suncor Energy Inc has agreed to buy rival Petro-Canada to create Canada’s largest oil company, as the pair seek to tackle tough conditions in the oil sands industry by slashing costs. Suncor will pay C$18.43 billion ($14.9 billion) for PetroCanada […]
Latest economic recovery plan hits $1 trillion
10 News – Investors will be listening closely to details of the $1 trillion toxic asset-purchase program to be announced Monday as the Obama administration seeks to provide enough information to satisfy markets and avoid the kind of stock meltdown […]
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 […]