US official says credit crunch easing
News Channel 8- A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks.Clay Lowery, assistant secretary for...
View ArticleCranwood Capital Announces Launch of Fixed Income Arbitrage Fund
HedgeCo.Net – Cranwood Capital Management LLC has announced the launch of their new fund, the Cranwood Fixed Income Arbitrage Fund. The fund seeks to generate high, absolute returns by using Treasury...
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Cerberus raising funds to buy distressed assets
Reuters- Private equity firm Cerberus Capital Management is starting a new fund to invest in assets it thinks have been driven down too low by the credit crisis, Chairman John Snow told Reuters on...
View ArticleGovernment Rescue Plan Boost Fannie and Freddie Shares
New York (HedgeCo.Net) – Mortgage lenders Fannie Mae and Freddie Mac may get some help from the Fed in hopes of staving off a market implosion following a crippling credit crunch and a period of great...
View ArticleHK Subprime Investments Cause Local Concern
West Palm Beach (HedgeCo.net)- The Hang Seng Index posted its biggest single-day loss in a month, as investors fretted about the recurring subprime credit crisis in the United States and its impact on...
View ArticleCerberus’ Snow Compares Fannie, Freddie To Hedge Funds
FINalternatives- It’s not the first time “hedge fund” has been used as an epithet, but a former U.S. Treasury chief is using the H.F. words to describe mortgage giants Fannie Mae and Freddie Mac. The...
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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...
View ArticleHousing plan signed, but concerns linger
San Francisco Chronicle- The giant housing rescue plan President Bush signed Wednesday might help stanch the bleeding in the housing market, but experts on both sides of the political divide worry that...
View ArticleHedge Funds Weary to Invest in Freddie, Fannie: Government Bailout May be...
New York (HedgeCo.Net) – While the U.S. Treasury has done all it can to stave off rumors of a government bailout of Fannie Mae and Freddie Mac , some say the inevitable rescue is bound to take place...
View ArticleCandidates Must Decide on Government Role in Financial Markets
New York (HedgeCo.Net) – The recent controversial moves of Henry Paulson and the U.S. Treasury have Washington divided not only on the future of Fannie Mae and Freddie Mac, but on government’s new role...
View ArticleSenate report: Investment banks helped foreigners evade millions in US stock...
Los Angeles Times – Big Wall Street investment banks have designed and marketed schemes enabling non-U.S. taxpayers, including offshore hedge funds, to evade millions of dollars in taxes each year on...
View ArticleHopes and fears mix at hedge fund conference
Reuters UK – "Does anyone know what is happening with the markets?" former U.S. Treasury Secretary Lawrence Summers asked after stepping out of his car and into a hedge fund industry conference in...
View ArticleThe End of Wall Street as We Know It
Gotham Gazette – The turbulent financial market events of recent days demonstrably signal the end of Wall Street as we know it. More uncertainty lies ahead, on Wall Street but also for the national...
View ArticleCox Gives Support for Merger of SEC, CFTC
New York (HedgeCo.Net) – SEC Chairman Christopher Cox said he was all for a merger between the Commodity Futures Trading Commission and the Securities and Exchange Commission. Hopping on board with...
View ArticleTreasury, FDIC Said to Consider Guarantees to Stem Foreclosures
Bloomberg – The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures,...
View ArticleNY gov. seeks tax hike on hedge funds, luxury goods
Reuters – U.S. Treasury debt prices jumped on Tuesday, pushing the benchmark note’s yield down to fresh five-decade lows, after the Federal Reserve slashed interest rates near zero and vowed to extend...
View ArticleThe Icelandic Volcano Erupts
Middle East Online – Can a Hedge-Fund Island Lose Its Shirt and Gain Its Soul? In December, reports surfaced that Treasury Secretary Henry Paulson pushed his Wall Street bailout package by suggesting...
View ArticleInternational Hedge Fund Rules May Trigger Migration
Now that some policymakers are shifting out of crisis mode, some of the competitive considerations that dominated regulatory discussions during the tenure of former U.S. Treasury Secretary Henry...
View ArticleUS official says credit crunch easing
News Channel 8- A U.S. Treasury official said Monday the global credit crunch is gradually calming following efforts by the Federal Reserve and other central banks.Clay Lowery, assistant secretary for...
View ArticleCranwood Capital Announces Launch of Fixed Income Arbitrage Fund
HedgeCo.Net – Cranwood Capital Management LLC has announced the launch of their new fund, the Cranwood Fixed Income Arbitrage Fund. The fund seeks to generate high, absolute returns by using Treasury...
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