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Harbinger Capital imposes limits on withdrawals
Harbinger Capital, the activist US hedge fund that shot to fame in 2007 with a lucrative bet against subprime mortgages, has joined the list of funds restricting withdrawals for investors
FT.com

Investors back Peloton founder
Geoff Grant, co-founder of the failed Peloton Partners hedge fund, has launched another fund in the latest example of how quickly investors can forgive managers
Telegraph

Rescue bid for builder
A takeover offer for McCarthy & Stone has been made by a group o finvestorsf which would inject £60m of new funds
FT.com

Rupee falls 26 paise against dollar
: The Indian rupee on Monday by 26 paise against the US dollar in early trade owing to heavy capital outflow by foreign funds
The Times Of India

Hedge Funds Are Losing Their Fervor for IPOs
As more hedge funds face investor withdrawals or close their doors, the typical IPO investor base in the future is expected to be weighted more heavily toward mutual funds.
CBC.ca

Quick tapping of unspent $350 billion in works
WASHINGTON (AP) -- Senate Democrats prepared Sunday to answer a request for the remaining $350 billion in financial industry bailout funds as the Bush administration and President-elect Obama undertook a tag-team effort to obtain the money from reluctant lawmakers....
The Arizona Republic

Obama team, Dems talk bailout
U.S. Senate Democrats who met with members of President-elect Barack Obama's economic team were optimistic about plans to spend the remaining $350 billion in Troubled Asset Relief Program funds. Lawmakers have expressed unhappiness with the way Treasury made few strings attached to the $350 billion allocated to banks so far and the lack of tracking mechanism.
CNN

Obama team, Dems talk bailout funds
U.S. Senate Democrats who met with members of President-elect Barack Obama's economic team were optimistic about plans to spend the remaining $350 billion in Troubled Asset Relief Program funds. Lawmakers have expressed unhappiness with the way Treasury made few strings attached to the $350 billion allocated to banks so far and the lack of tracking mechanism.
CNN

U.S. to World: Spare $775 Billion?
Dan Harris explains where money to fund federal budget will come from.
ABC News

GM says could seek further U.S. loans (Reuters)
General Motors Corp Chief Executive Rick Wagoner said the struggling automaker had enough funding to last through March but could still seek additional U.S. government loans beyond the $13.4 billion it has already been pledged.
yahoo.com

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