London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.
LONDON, Feb 3- Big-name London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.
Currency hedging cost Japanese companies such as Honda Motor the chance to fully cash in on a weak yen last quarter, raising the risk that investor expectations could outrun earnings.
TOKYO, Feb 3- Currency hedging cost Japanese companies such as Honda Motor Co the chance to fully cash in on a weak yen last quarter, raising the risk that investor expectations could outrun earnings. "The rally is completely driven by hopes rather than facts," said Soichiro Monji, chief strategist at Daiwa SB Investments.
NEW YORK, Jan 31- Roomy Khan, a one-time technology company executive who became a key FBI informant in the insider-trading case against hedge-fund manager Raj Rajaratnam, was sentenced to 12 months in prison on Thursday. District Judge Jed Rakoff in Manhattan also ordered her to forfeit nearly $1.53 million.
NEW YORK, Jan 31- Roomy Khan, a one-time technology company executive who became a key FBI informant in the insider-trading case against hedge-fund manager Raj Rajaratnam, was sentenced to 12 months in prison on Thursday. District Judge Jed Rakoff in Manhattan also ordered her to forfeit nearly $1.53 million.
NEW YORK, Jan 31- Roomy Khan, a one-time technology company executive who became a key FBI informant in the insider-trading case against hedge-fund manager Raj Rajaratnam, was sentenced to 12 months in prison on Thursday. District Judge Jed Rakoff in Manhattan also ordered she forfeit nearly $1.53 million.
Helped by start-ups in and around Toronto's financial district, the Canadian industry is estimated to manage more than C $30 billion, up from about $15 billion four years ago.
NEW YORK, Jan 29- There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. The people familiar with the situation did not comment on the dollar value of the opposing trades placed by JPMorgan Chase& Co's investment bank traders, which was much smaller than the total positions put on by the CIO.
Jan 29- The after-effects of the Great Crisis may still be with us, but the great correlation in global financial markets may be coming to an end. Correlation in currency markets is as low as it has been in five years by some measures, according to JP Morgan currency strategist John Normand.
Jan 29- Hedge fund Elliott Management will nominate five executives to Hess Corp's board as it pitches a plan to break up the U.S. oil and gas company to boost returns for investors. Hess has been shifting away from refining since early last year, when the HOVENSA refinery, a joint venture between Hess and Venezuela's PDVSA, was closed.
Jan 29- Hedge fund Elliott Management will nominate five executives to Hess Corp's board as it pitches a plan to break up the U.S. oil and gas company to boost returns for investors. Hess has been shifting away from refining since early last year, when the HOVENSA refinery, a joint venture between Hess and Venezuela's PDVSA, was closed.