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Hedge fund firm GAM planning distressed fund

Reuters – GAM, the hedge fund firm owned by Julius Baer AG, is preparing to launch a distressed debt fund of funds after watching asset prices reach "extreme levels", a company letter seen by Reuters...

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Be wary of deregulation scapegoat

Myrtle Beach Sun News – The financial turmoil has pushed the Obama campaign into the lead, and this is mostly justified. Barack Obama is more thoughtful on the economy than his opponent, and his bench...

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Banks more leveraged than hedge funds: Man Group CEO

Reuters – British hedge fund manager Man Group Plc said on Tuesday banks were more highly geared than hedge funds and bank deleveraging had been the main driver of asset-price declines. "Hedge fund...

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Colombia, Venezuela form $200 million fund to boost trade

Jamaica Gleaner – The presidents of Colombia and Venezuela pledged Saturday to invest US$100 million each in a special fund in hopes of boosting cross-border trade as the world economic crisis slashes...

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