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Tuesday, October 14, 2008

10/14/08 The Raw Greenwich Business News Feed Or Hedge Fund Guys Start To Say, "Wow! We really screwed things up"

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Why We Shouldn't Fear the Failure of Some Firms



SmartMoney



... 10 YEARS ago, the Federal Reserve gathered the heads of 14 investment banks in New York to urge them to rescue a Greenwich, Conn., hedge fund, Long-Term Capital Management. The Fed was worried that LTCM was so intertwined with Wall Street that its ...





Tudor, SAC Capital Said to Have Sold Assets, Raised Cash as Markets Fell
Bloomberg



... Mexican peso tumble 16 percent since the start of October, said two people with knowledge of the decisions by the Greenwich, Connecticut- based firm, which manages $18 billion. Cohen, who oversees $16 billion at his SAC Capital Advisors LLC in ...

Accounting plagues Archway



Battle Creek Enquirer



... positions with Archway to "avoid any appearance of impropriety," the court documents said. Catterton Partners, the Greenwich, Conn.-based private equity firm which owns Archway, hired Insight to run Archway's day-to-day operations after Catterton ...

[Bloggingheads] Solutions To Crunch: Derivatives Are Derivative



Matrix



... Great comments on these posts as well. A commenter from Yves and Dan's excellent but far too short "Slums of Greenwich, CT" writes: An intereresting thing here was that the interlocutors implied that the shadow banking system, and here one suspects ...



Hedge Funds Concede Errors, Profess Optimism After Worst Month in 10 Years



Bloomberg Business News



... up to get out of these funds as well as record outflows from equity mutual funds,'' Jeffrey Gendell , who runs Greenwich, Connecticut-based Tontine Associates LLC, wrote in an Oct. 1 letter to clients. ``I am not a nervous person by nature, but ...

Yen Falls for Fourth Day Against Dollar on U.S. Plan to Buy Banking Stocks



Bloomberg Business News



... something a lot worse,'' said Alan Ruskin , head of international currency strategy in North America at RBS Greenwich Capital Markets Inc. in Greenwich, Connecticut. ``Risky assets are performing well today. I won't fight it.'' Losses in the dollar ...

Chaos: Opportunities and Threats



OutputLinks



... bubble popped and Florida McMansions are no longer a hot commodity---and in a $12 million, forty-room home in Greenwich, Connecticut, the CEO of AIG feels the cold wind of reality as he understands that his company is going under and needs to be ...





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