NEW YORK, Feb 5- The credit rating agency, Standard& Poors, announced Monday that it was the target of a civil lawsuit by the Justice Department for its actions in rating the complex securities that played a major role in the 2008-2009 financial collapse. It is interesting that the other two major rating agencies, Moody's and Fitch made no announcements.
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.
LONDON, Jan 9- Betting against the European Central Bank, and the eurozone's survival in general, proved a costly strategy for hedge funds in 2012..
LONDON, Jan 2- The entry of new investors like hedge funds into the reinsurance market is likely to keep prices mostly flat when European customers renew policies in January, despite the industry's losses from superstorm Sandy, broker Willis Re said.
NEW YORK, Dec 20- Gold plunged below $1,650 an ounce on Thursday, falling more than 1 percent as heavy liquidation by hedge funds and signs of an improving U.S. economy triggered a technical sell-off that sent prices to their lowest since August.
NEW YORK, Dec 10- Gold rose for a third session on Monday as investors were uncertain about the U.S. budget crisis and hopeful that the Federal Reserve will unveil new economic stimulus this week. Growing unease about Europe boosted safe-haven bids for bullion after Italian Prime Minister Mario Monti announced he would resign once the 2013 budget is approved.
BOSTON, Dec 7- Hedge fund manager John Paulson told his clients on Friday evening that his funds experienced mixed returns in November with softer gold prices weighing on some portfolios.
*Some big-name Romney backers will be watching from Boston. Now, some heavyweights of the $2 trillion industry plan to break out the champagne and party in style Tuesday night as they cheer on their man at events in Boston, New York and even Las Vegas, according to people familiar with the Romney campaign and some of the big contributors.
Oct 26- Individual donors to U.S. presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election.