Tag:
Downturn
Latest Headlines
Latest Headlines
Hedge fund investors' medium-term memory
We noted recently that hedge funds are having an easier time at fund raising than private equity funds. In fact, hedge funds took in $54 billion in new investments in August, September, October and November before a slight drop off of about $4 billion in December. But no one should assume that inv
Can hedge funds really time the market?
By all accounts, hedge funds are having a terrible month, among the worst since the industry started keeping score. So it might surprise people to hear that some researchers have concluded that hedge funds have a statistically significant ability to time the market--historically speaking. AllAbo
Can Cerberus still save Chrysler and GMAC Financing?
Cerberus Capital, run by Stephen Feinberg, is staring at the abyss right now regarding Chrysler and GMAC Financing. The New York Times characterizes the fund as "racing to salvage" its investments in the face of a severe downturn in the auto and home-lending industries. Until recently, the sto
Wall Street firms to axe more jobs this fall?
Summer proved to be a cruel season on Wall Street. The bloodletting was fierce. But as Breakingviews notes, the picture could get even worse come fall. Historically, job cuts have been mild in the summer, only to be followed by more substantial cuts in the fall if budgets became in tighter tha
A look at how Apollo is faring
TheDeal.com weighs in with an interesting look at how private equity bigwig Leon Black and Apollo Management have been faring through this credit downturn. Certainly, Black's strategy of focusing on smaller deals, under $4 billion, seems to have paid off. It has generated some envious retu
Pain spreads to East Hampton
So how bad is the downturn on Wall Street? Bad enough to spread to East Hampton, a favorite play area for the made-it Wall Street set. Tax revenues in the town are down 42 percent from last year. The East Hampton Star also reports the town faces a budget deficit of up to $12 million, which has
