News that hedge-fund giant Citadel plans to buy KCG's market-making operations raises a lot of questions, says Ron Insana.» Read More
The SEC mishandled an investigation of suspicious hedge fund trading that led to the 2005 firing of an SEC attorney, a U.S. Senate report says. The report from the Senate Finance and Senate Judiciary committees, released late on Friday, ends a yearlong inquiry into the dismissal of former SEC staffer Gary Aguirre.
The past week has been a roller coaster ride for Asian markets. And as far as roller coasters go, you could say that the Australian market took a nine G hit on Wednesday when the S&P/ASX 200 Index dropped 3.3%, the biggest one-day percentage fall in almost six years. The reason for the dive – Macquarie Bank, issued a warning that retail investors in two debt funds face losses of up to 25%.
Like many other investors, hedge-funds didn't do very well in July. The Hedge Fund Research's Global Index fell 0.93% in July but was still up 5.4% for the year, according to preliminary results.
Bear Stearns and several members of its senior management repeatedly misled investors in two sub-prime hedge funds to keep them from withdrawing money even as the funds were losing much of their value, according to an arbitration claim obtained exclusively by CNBC.
Oil prices retreated after jumping to a new record Wednesday on the government's report of a steep drop in crude inventories and surge in refinery activity.
Bear Stearns, recently embarrassed by the collapse of two hedge funds, said on Tuesday it has halted redemptions in a third hedge fund after jittery investors wanted to pull out their money.
Australia's Macquarie Bank warned on Wednesday that retail investors in two debt funds face losses of up to 25 percent as fallout from the global credit crunch widened, knocking 10 percent off its shares.
Hedge fund Sowood Capital told investors on Monday that it would shut down after losing half of its assets on soured bond market bets, becoming the first-high profile fund forced out of business by recent market turmoil.
Oil futures settled at a record high above $78 Tuesday on expectations that crude inventories fell last week and reports of new violence in Nigeria, a large oil producer and key supplier to the U.S.
Oil fell on Monday as traders took profits after supply concerns sent prices above $77 abarrel last week and near record highs.
Oil jumped more than 2 percent to its second highest settlement on record on Friday as supply concerns and signs of U.S. economic growth helped counter worries about falling stock markets.
Worries about the credit markets aren't the only reason investors are fleeing to the relative safety of Treasurys. An unwinding of the so-called "carry trade"--a popular financing tool for hedge funds and other big investors--is accelerating the move away from risky assets.
Oil prices fell on Thursday as a sharp drop in the U.S. stock market spurred concerns about crude demand growth, reversing an earlier rally.
A second Australian hedge fund has become caught up in the subprime mortgage fallout, with Absolute Capital telling investors it has suspended withdrawals from two funds until October due to a lack of liquidity in structured credit markets.
U.S. market regulators charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
Bankers have postponed the sale of $12 billion in debt to help private equity firm Cerberus Capital Management buy Chrysler Group from DaimlerChrysler, fueling further nervousness in the credit and stock markets.
Oil prices jumped on Wednesday after U.S. government data showed a draw in crude inventories as refiners' utilization increased.
Kohlberg Kravis Roberts, the legendary leveraged buyout firm known for its tough deal tactics, is living up to its image, to the growing frustration of Wall Street. KKR, with four major buyout deals in the debt pipeline, is refusing to budge on lending terms agreed to with investment banks, even as debt investors show a weakening appetite
Oil rose Tuesday afternoon to well over $73 per barrel -- after sinking more than $1 below $73 a barrel earlier in the day. The slide was attributed to further assurances from OPEC that it would pump more crude if needed, as well as expectations of higher U.S. fuel stockpiles.
The fund management arms of some of Australia's biggest banks are scrambling to assess more than $264 million in exposures to troubled local hedge fund Basis Capital, which has lost heavily in bets gone wrong in the U.S. subprime crisis.