Author Archives: the HedgeCo News Team
Lehman Bros. denies tapping Fed
Seattle Times- Lehman Brothers on Tuesday denied that it was forced to tap the Federal Reserve’s discount window to stave off cash problems, and maintains that its books remain liquid. The nation’s fourth-biggest investment bank was battered Tuesday amid reports […]
The key base for hedge funds: propriety
Globe and Mail- Hedge funds have turned into the market’s favourite scapegoat, blamed for just about every conceivable ill wind blowing through the global economy, from skyrocketing energy and food prices to the woes of Wall Street investment banks, the […]
Barbarians at Japan’s gates
On July 8, 1853, Commodore Matthew Perry of the United States Navy sailed into Tokyo Bay with four warships. The American show of force ended 200 years of self-imposed isolation for Japan, compelling it to end its strict limits on […]
Hedge fund attacks Lion on Indophil sale plan
The Age- Plans by Melbourne-based Lion Selection to sell its stake in Indophil to Xstrata for $1 a share have come under attack from London hedge fund Carrousel Capital. The move raises the prospect that Indophil can turn the tables […]
Food speculation spurs US trading crackdown
Globe and Mail- U.S. commodities regulators slapped wide-ranging reforms on food futures markets yesterday, aiming to curtail speculation amid soaring global food prices. Facing growing pressure from lawmakers, the Commodity Futures Trading Commission will demand more disclosure from institutional investors […]
Icahn, Yahoo Shareholders want Yang out
New York (HedgeCo.Net) – Carl Icahn continues his quest to shake up the board of Yahoo, and this time, that includes ousting CEO Jerry Yang. According to the Wall Street Journal, Icahn is channeling shareholder complaints in hopes to fuel […]
BBA to beef up supervision of its Libor rates
Reuters- The group in charge of setting Libor interest rates said on Friday it will strengthen oversight of the global interbank lending benchmark, months after it became seriously distorted by the credit crisis. The British Bankers Association said on its […]
Soros points a finger at institutional investors
Houston Chronicle – Billionaire investor George Soros told a Senate panel Tuesday that the run-up in oil prices has "some of the earmarks" of a bubble and that institutional investors stampeding into commodities are helping raise prices. Appearing before the […]
RBS Rises on Speculation Hedge Fund Will Seek Breakup
Bloomberg – Royal Bank of Scotland Group Plc led gains for European banking stocks on speculation that demand for its rights offer is strong and a U.K. hedge fund is buying shares to push for a breakup. Edinburgh-based RBS, Britain’s […]
Korean-American Fund Manager Trades Grains for Gains
Digital Chosunilbo- A Korean American is emerging as a star fund manager and an especially astute futures trader on the Wall Street hedge fund scene. Paul Kim is the founder and "Chief Visionary Officer" of mISFIT Financial Group. According to […]