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December quarter may be worst-ever for asset managers (Reuters)
Plunging asset values and huge investor withdrawals from funds likely made the fourth quarter the worst-ever quarter for U.S. asset-managers' earnings, and renewed market turmoil in early 2009 signals more pain ahead.
yahoo.com

Big deemed best as small funds struggle
Pendragon Capital, the hedge fund, has decided it can no longer go it alone and will move its fund to GLG Partners
FT

UAL reports $1.3 billion 4Q loss
MINNEAPOLIS (AP) -- United Airlines parent UAL Corp. on Wednesday said it lost $1.3 billion in the fourth quarter because of operating losses and fuel-price bets that turned sour as oil prices fell. Without the bad hedges, results were better than analysts had expected....
The Arizona Republic

Stock & fund quotes - ninemsn
Copper in Shanghai down 1.7 pct on demand worries * London nickel falls 2 pct despite BHP mine closure * Aluminium extends losses on rising stockpiles (Adds comments, updates to Shanghai midday) By Alfred Cang SHANGHAI, Jan 21 (Reuters) - Shanghai ...
Feed Digest

Standard Life cash fund was invested in toxic mortgages
Standard Life investors have been told that a cash fund which many regarded as an ultra-safe alternative to the stockmarket was in reality invested in toxic mortgage debt that has plummeted in value. ...
Big News Network

Short-Term Bonds Regain Popularity
After months of yanking money from battered short-term bond funds, individual investors have reversed course and gradually started switching money back .
WSJ.com

Possible Reversal in USO US Oil Fund and Crude
Earlier, I showed the structure of the CRB Commodity Index and noted we might be...
Mr. Swing

HSBC turns down financial support from Government
Banking giant HSBC has rejected the Government’s offer of emergency funding.The UK’s largest banking group said it had not sought capital support from the UK Government and cannot envisage circumstances where such action would be necessary.Unlike other banks, HSBC has been relatively unaffected by the credit crisis due to its focus on emerging markets business. [...]
Finance Markets

Orlando Business Journal: Venture capital firms raised less in 2008
Venture capital investment funds nationwide didn't grow much in 2008, according to new data from Thomson Reuters and the National Venture Capital ...
Inform

Geithner urges quick changes to bailout fund - International Herald Tribune: Front Page
The Treasury nominee said the bailout had favored big financial institutions over small businesses and families.
NewsRack

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Archived "business - hedge fund" news stories.

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