November 22, 2008
Asia Day Ahead: Paulson Plans Hedge Fund to Give Banks Capital
July 24 (Bloomberg) -- U.S. stocks rose for a second day as oil retreated, lawmakers moved closer to shoring up the mortgage industry and earnings reports from AT&T Inc. and Pfizer Inc. eased concern that the profit slump will worsen.
Ex-Citi Executive Said to Blame Bank for Fund’s Flop
A former manager of a Citigroup hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund’s demise, The Wall Street Journal reported.
U.S. approach to hedge funds falls short, Germany says
Germany and the United States are at odds over how to toughen oversight of the $1.5 trillion hedge fund industry, with Germany pushing a formal code and the United States preferring to leave investors to monitor risk.
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