Summer Not a Slow One for Hedge Funds
Performance numbers for August and recent legal developments show that some hedge funds were extremely busy this summer – in court and in the markets.
Performance numbers for August and recent legal developments show that some hedge funds were extremely busy this summer – in court and in the markets.
Sure, Election Day 2012 is still 14 months away, but in the world of politics, it’s never too early to start pandering for votes.
Add daily deals purveyor Groupon to the list of hot Internet start-ups that have delayed plans for an initial public offering. Just a week after Zynga said it would delay its IPO, Groupon appears to have gotten a case of IPO cold feet as well.
Exxon Mobil, take note. A day after the largest U.S. oil company signed a multi-billion dollar exploration pact with Rosneft, Russia’s largest oil company, masked police officers armed with assault rifles raided the Moscow office of competitor BP.
A sign of the times? Mere overreaction? Either way, news that Zynga, the company behind popular online games such as FarmVille and CityVille, might delay its initial public offering had Silicon Valley and the press abuzz on Monday.
Gold’s performance last week was less-than-impressive. But the reality is, the yellow metal is still one of the most popular kids at the financial markets party. Here’s 10 fun and illuminating facts about gold.
One would think that with all the money some bankers on Wall Street haul in that they would be willing to take some risks with their personal investment accounts. However, that’s just not the case.
The past week on Wall Street has provided plenty of memorable mathematical moments.
Apparently not content to let his loaded “elephant gun” sit idle in the second quarter, legendary value investor Warren Buffett did some shopping on behalf of Berkshire Hathaway.
A short selling ban lifted European markets at the end of the week, but the regulatory move – which has yet to prove successful for any market in which it has been tried – may just be providing short-term comfort at the expense of fair and liquid trading.
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