Tag:
rebound
Latest Headlines
Latest Headlines
Debt volume fall off to hit banks
Earnings have been soaring at top banks, boosting the optimism of investors. But a new issue is cropping up that has big implications for fourth-quarter earnings. Debt volume tanked in the quarter, and that undoubtedly will hit the bottom line. It's becoming clear that a quick rebound isn't likely
Ready for 'write-ups' in the second quarter?
Breakingviews notes another reason to think that the worst of the credit crisis may have passed. Credit default swaps on collateralized debt obligations and leveraged loans have staged impressive rebounds. Prices have really rebounded. That raises the prospect of "write-ups" for the second qua
ALSO NOTED: Bankers moving from denial to depression?; Hedge funds rebound in April; and much more...
Company News: > Allied Capital posts big loss. Article > Legg Mason prices equity units. Article > MBIA says its capital is adequate. Article > BlackRock CEO gives $10 million to college. Article > Bear Stearns stockholders withdraw injunction request in JP
ALSO NOTED: Goldman Sachs files for SPAC offering; Analyst cuts Lehman profit forecast; and much more...
Company News: > Analyst cuts Lehman profit forecast. Article > Fortress profits decline. Article > Commentary : Historic perspective on PE bust. > Goldman Sachs files for SPAC offering. Article > UBS slashes estimates for Merrill Lynch. Article > A
Another tough year for Bill Miller
Until last year's stumble, Bill Miller, of the Legg Mason Value Trust fund, had beaten the Standard & Poor's 500 for 15th straight year, establishing himself as a industry luminary. People were counting on a rebound in 2007, but he has fallen short again. For the year, the fund lost 6.6 perce
Blackstone Group's earnings disappoint
Blackstone Group's earnings took a hit but not for the reasons you might think. The firm's private equity business reported strong enough revenues, $227.3 million, up 42 percent from a year ago. The real downer was real estate. Revenue from which declined 44 percent to $109 million. The real esta
Do hedge fund managers fudge returns data?
Professors Veronika Pool of Indiana University and Nicolas Bollen of Vanderbilt University studied monthly returns of more than 4,200 hedge funds between 1994 and 2005 and have concluded that "hedge fund managers purposefully avoid reporting losses by marking up the value of their portfolios," ac
ALSO NOTED: S&P revises high yields ratings methods; CBOE adds credit derivatives; and much more...
Company News: > Rydex nears a deal. Article > Bank of America says LaSalle decision was "a
Which hedge fund style will prove a winner?
Hedge funds that invest in distressed situations fared well in 2006, returning 13.4 percent. But will that continue into 2007? Well, some think it will. The industries where they will see some good opportunities include auto suppliers, airlines, home building and sub-prime lending. All face so
Hedge funds on the rebound
After two years of middling returns , hedge funds have staged something of a rebound. Through November, some indexes have been in double-digit returns territory. December has been a good month, so no one would be surprised if they turned in an average of about 13 percent. Which is about what th
