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September 8, 2008 1:02:00 PM CDT

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Stories related to: hedge fund

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Stories 41 - 60 of 68

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  • August 2007

    • Wall Street Bonuses To Sink

      Bloomberg  |  Aug 22, 07 12:31 AM CDT

      Wall Street Bonuses To Sink

      (Newser) - The credit crisis, which has surged across the global financial infrastructure like a tsunami, washing away millions of share prices, is about to hit one of Wall Street's most hallowed traditions —the fat bonus. The extra pay for all but an elite few may be cut for the first time in five years, Bloomberg reports. More »

      Tags

      credit crisis  • Wall Street  • Bear Stearns  • private equity  • hedge fund  • Goldman Sachs  • bonuses  • Options Group

    • Reality Bites Wall Street Whiz Kids

      Washington Post  |  Aug 21, 07 4:48 PM CDT

      Reality Bites Wall Street Whiz Kids

      (Newser) - The eggheads who run Wall Street's "quant funds," using complex algorithms to play the markets but neglecting the human element, screwed up as badly as everyone else during the Dow's recent dive. "They are very smart in front of a textbook but not smart enough to understand very elementary things in reality," one critic tells the Washington Post. More »

      Tags

      Dow Jones Industrial Average  • Wall Street  • hedge fund  • markets  • James Simons

    • Romney Has Major Stake in Sinking Fund

      TheStreet  |  Aug 16, 07 7:23 PM CDT

      Romney Has Major Stake in Sinking Fund

      (Newser) - Former Massachusetts  Governor Mitt Romney has a substantial investment in a teetering Goldman Sachs hedge fund that was propped up with a $3 billion cash infusion after it lost a third of its value. Romney, who won a symbolic victory in Iowa's GOP straw poll last weekend, is thought to have least $1M in the Global Equity Opportunities Fund, reports thestreet.com. More »

      Tags

      Mitt Romney  • Iowa  • hedge fund  • Goldman Sachs  • bank  • campaign contributions  • straw poll

    • Goldman Hedge Fund Gets $3B Infusion

      Bloomberg  |  Aug 13, 07 11:38 AM CDT

      Goldman Hedge Fund Gets $3B Infusion

      (Newser) - A struggling Goldman Sachs hedge fund will get a $3 billion cash infusion, with a third of the bail-out coming from wealthy investors and the rest from the bank itself. Global Equity Opportunities Fund has seen assets drop by 28%, to $3.6 billion, over the last two weeks, as chaos in the financial markets undermined its computer-driven investment formulas, Bloomberg reported. More »

      Tags

      subprime mortgages  • hedge fund  • Goldman Sachs  • Eli Broad  • Hank Greenberg

    • Dow Tumbles Over 380 Points

      Bloomberg  |  Aug 9, 07 4:47 PM CDT

      Dow Tumbles Over 380 Points

      (Newser) - The Dow Jones lost nearly 3% of its value today, tumbling 387.18 points to 13,270.68 in the second-worst drumming of the calendar year. Trading curbs were in place early, after BNP Paribas froze funds that took a bath in the US credit market and Chinese exchanges crashed overnight, but they couldn't prevent the hemorrhaging caused by liquidity fears and looming subprime woes. More »

      Tags

      subprime mortgages  • S&P 500  • housing market  • Dow Jones  • private equity  • hedge fund  • stock exchange  • BNP Paribas

    • Bear Stearns Takes Refuge in Caribbean

      Bloomberg  |  Aug 7, 07 8:13 PM CDT

      Bear Stearns Takes Refuge in Caribbean

      (Newser) - Bear Stearns, faced with the implosion of two hedge funds worth more than $1 billion, has decided to liquidate them in the Cayman Islands—a move that will give creditors and investors less access to their money.  Bloomberg forecasts a court battle over the tactic, which an analyst said will yield creditors and investors “a pittance on the dollar.” More »

      Tags

      subprime mortgages  • Bear Stearns  • hedge fund  • bankruptcy  • Caribbean  • Cayman Islands

    • Mortgage Crisis Hits Affluent Buyers, Too

      Wall Street Journal  |  Aug 7, 07 5:48 AM CDT

      Mortgage Crisis Hits Affluent Buyers, Too

      (Newser) - Mortgage tremors have rippled so far across the home loan market that even buyers of high-priced homes with good credit records are now being squeezed, the Wall Street Journal reports. Rates have surged on loans above $417,000 for prime borrowers—to 7.34% for a 30-year fixed-rate mortgage, up from 6.5% in May. More »

      Tags

      subprime mortgages  • Bear Stearns  • Fannie Mae  • mortgage  • hedge fund  • real estate  • borrowers  • home loans  • loans  • houses

    • Bear Stearns Axes Prez Over Fund Fiasco

      Wall Street Journal  |  Aug 6, 07 5:09 AM CDT

      Bear Stearns Axes Prez Over Fund Fiasco

      (Newser) - Bear Stearns has fired its No. 2 and once-likely successor as CEO in the wake of  the collapse of two company hedge funds worth more than $1B, reports the Wall Street Journal . Warren Spector, the most high-profile casualty to date in the subprime-mortage crisis rocking Wall Street, is a mortgage and trading expert who oversaw the unit that housed the two failed funds. More »

      Tags

      subprime mortgages  • housing market  • Bear Stearns  • hedge fund  • investment  • houses  • James Cayne  • Warren Spector

    • Battered Bear Tries to Act Bullish

      Wall Street Journal  |  Aug 4, 07 2:06 PM CDT

      Battered Bear Tries to Act Bullish

      (Newser) - The securities firm Bear Stearns will oust its stocks and bonds trading chief, the WSJ reports, and soften its emphasis on short-term trades. The extraordinary moves come in the wake of Friday's market sell-off, partly triggered by investor concern about Bear Stearns after the collapse of two of its mortgage-bond funds. More »

      Tags

      subprime mortgages  • housing market  • Wall Street  • Bear Stearns  • hedge fund  • Lehman Brothers  • loans  • bonds  • corporate credit  • Warren Spector

    • Dow Surges After Asian Bleeding, Roller-Coaster Day

      Wall Street Journal  |  Aug 1, 07 4:06 PM CDT

      Dow Surges After Asian Bleeding, Roller-Coaster Day

      (Newser) - Wall Street is dizzy after mixed signals threw traders into buy mode despite an abundance of bearish indicators today, making for one of the most volatile days in weeks. The Dow finished up 150.38 points at 13362.37, even after Asian markets plummeted across the board last night, a buyout for Bauch & Lomb failed, and a troubled Bear Stearns put another subprime-backed hedge fund on hold. More »

      Tags

      subprime mortgages  • Wall Street  • Bear Stearns  • hedge fund  • markets  • Asia  • Nikkei  • Hang Seng  • trading  • Bausch and Lomb  • Beazer

    • Subprime Woes Rock Another Bear Stearns Fund

      Wall Street Journal  |  Aug 1, 07 5:40 AM CDT

      Subprime Woes Rock Another Bear Stearns Fund

      (Newser) - Bear Stearns has blocked withdrawals from a mortgage investment fund amid Wall Street jitters over the crisis in high-risk subprime mortgages, the Wall Street Journal reports. Two Bear Stearns hedge funds heavily invested in subprime mortgages collapsed in June, and now another fund, which has only a tiny fraction of its assets in subprimes, is taking a beating. More »

      Tags

      subprime mortgages  • Bear Stearns  • mortgage  • hedge fund  • investment  • American Home Mortgage

  • July 2007

    • Schumer Bucks Party on Wall St. Tax Hikes

      New York Times  |  Jul 30, 07 3:07 PM CDT

      Schumer Bucks Party on Wall St. Tax Hikes

      (Newser) - Rejecting populist piety, Chuck Schumer is opposing legislation that would double tax rates for private equity and hedge fund executives, arguing that he’s torn over the measures but contending that they unfairly target an industry critical to his constituency. The New York Times reports the senator, the only Democrat on both committees with jurisdiction, has massive influence on the matter. More »

      Tags

      Congress  • private equity  • hedge fund  • taxes  • senator  • legislation  • Charles Schumer  • Charles Grassley

    • Funds Can't Find Friends in Anti-Tax Fight

      Wall Street Journal  |  Jul 11, 07 9:01 AM CDT

      Funds Can't Find Friends in Anti-Tax Fight

      (Newser) - Wall Street's hedge-fund and private-equity titans are looking for allies in their fight to prevent a tax hike on profits—but they're having trouble recruiting, today's Journal reports. As the first Senate hearings on the proposed hikes get under way, representatives from venture capital, public pension funds, and investment firms are seeking to distance themselves from their lightning-rod siblings. More »

      Tags

      Congress  • Senate  • private equity  • hedge fund  • venture capital  • income tax  • pensions  • capital gains tax

    • Funds Find One Bet They Can't Hedge: Trust

      Washington Post  |  Jul 4, 07 9:35 AM CDT

      Funds Find One Bet They Can't Hedge: Trust

      (Newser) - The recent collapse of two Bear Stearns hedge funds, and the resulting informal SEC investigation, have once again placed the complex system and its impact on markets under the spotlight. The Washington Post delves into the history and ethos of the powerful funds, comparing them to the Wizard of Oz in both secrecy and influence. More »

      Tags

      Wall Street  • Bear Stearns  • SEC  • hedge fund  • finance  • markets

  • June 2007

    • Bad US Loans Sink London Hedge Fund

      Financial Times (UK)  |  Jun 29, 07 4:26 AM CDT

      Bad US Loans Sink London Hedge Fund

      (Newser) -  A London hedge fund is the latest casualty of the US subprime mortgage crisis that has already hit American investment companies, the Financial Times reports. After losing 53% of its value, Caliber Global Investment will sell its assets and try to repay $900 million to investors over the next year. More »

      Tags

      subprime mortgages  • London  • business  • mortgage  • hedge fund  • investing

    • SEC Opens Subprime Probe

      Wall Street Journal  |  Jun 27, 07 2:17 PM CDT

      SEC Opens Subprime Probe

      (Newser) - The feds are investigating the controversial bundles of financial services that have recently shaken the market and sparked a spate of leveraged buyouts, the Journal reports. SEC chief Christopher Cox told a congressional panel yesterday that "about 12 investigations" were under way into CDOs, shared debt packages reliant on faltering subprime mortgages. More »

      Tags

      subprime mortgages  • Bear Stearns  • SEC  • hedge fund  • investigation  • finance  • market  • Christopher Cox  • leveraged buyouts  • CDO

    • Hedge Fund Crisis Could Be 'Tip of Iceberg'

      Wall Street Journal  |  Jun 21, 07 5:54 AM CDT

      Hedge Fund Crisis Could Be 'Tip of Iceberg'

      (Newser) - The near-collapse of a $20 billion pair of hedge funds has left Wall Street jittery, though not yet in panic mode, the Journal reports. Speculation about the fate of the Bear Stearns funds rippled through yesterday's markets, where stocks and bonds dipped widely; news that banks were struggling to unload subprime-backed securities had traders biting their nails. More »

      Tags

      stock market  • subprime mortgages  • Bear Stearns  • hedge fund  • investors

    • Outlook Bearish for Bear Sterns Hedge Funds

      Wall Street Journal  |  Jun 20, 07 7:02 AM CDT

      Outlook Bearish for Bear Sterns Hedge Funds

      (Newser) - Two major Bear Stearns hedge funds that once controlled more than $20 billion in assets are on the brink of collapse after disastrous losses in securities backed by subprimes. The Journal reports a bailout plan that would have kept the funds afloat fractured last night, and the consequences could ripple through the mortgage market in the weeks ahead. More »

      Tags

      subprime mortgages  • business  • Bear Stearns  • Merrill Lynch  • hedge fund  • Goldman Sachs  • Bank of America

    • Senate Puts Blackstone on Notice

      Bloomberg  |  Jun 15, 07 12:48 PM CDT

      Senate Puts Blackstone on Notice

      (Newser) - Less than 2 weeks ahead of Blackstone's IPO, bipartisan legislation introduced in the Senate yesterday threatens to hamper or halt the avidly anticipated stock sale. The private equity behemoth's tax bill would more than double if the measure—under which partnerships like Blackstone would pay the 35% corporate rate rather than the 15% capital gains rate that currently applies—passes. More »

      Tags

      Senate  • private equity  • hedge fund  • taxes  • IPO  • Blackstone Group  • stock

    • KKR Buyout Spree Hits a Snag

      Wall Street Journal  |  Jun 12, 07 4:31 PM CDT

      KKR Buyout Spree Hits a Snag

      (Newser) - Buyout giant KKR's $26B acquisition of electronic payment processor First Data Corp is not going smoothly, reports the Wall Street Journal . Once enthusiastic investors are shying away from private equity deals as interest rates steepen. "We have enough exposure to KKR already," said one major financier. More »

      Tags

      acquisitions  • private equity  • hedge fund  • buyout  • investing  • KKR  • Kohlberg Kravis Roberts  • Henry Kravis

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