Sunday, 5th July 2009

 

10 October 2008 - Press Briefing

Hedge funds post worst monthly results with 4.7% decline

The average hedge fund portfolio posted a negative return of 4.7% last month, marking the industry’s worst monthly performance, new data released on Tuesday by Hedge Fund Research showed, according to a report in The New York Times.

This takes the total loss for the year, on an industry average, to 9.4% - more than double the 4.8% fall registered in the first eight months of the year.

Hedge funds that focused on energy and basic materials have emerged as the worst-hit, losing 20.8% for the year after a 13.2% decline in September, the NYT report said.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

$95 Million Trump House Could Be Sold–Again

Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.

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