BREAKING: Diamondback Capital to Close Down as Investors Pull $520 Million
By Saijel Kishan and Stephanie Ruhle
Diamondback Capital Management LLC, among the hedge funds that was raided by the FBI about two years ago as part of the U.S. investigation of insider trading on Wall Street, is liquidating after clients pulled money.
The Stamford, Connecticut-based fund received requests from investors to withdraw about $520 million, or 26 percent of its assets, co-founders […]
Weakening demand is forcing new and accelerated cost reductions at companies fromBank of America Corp. and Hewlett-Packard Co. (HPQ) to Staples Inc. (SPLS) andEastman Kodak Co. (EKDKQ), dimming the outlook for an already struggling U.S. labor market.
Even as consumer confidence and housing show signs of recovering, sales for businesses in the Standard & Poor’s 500 Index fell 0.9 percent from a year earlier in July through September, the second consecutive quarterly drop and biggest decline since 2009, […]
Unsecured creditors rank behind secured lenders in getting repaid in a bankruptcy, and are ahead of preferred and common shareholders.
JPMorgan Chase & Co. (JPM)’s JPMorgan Chase Bank, bondholder trustee, $1.2 billion.
Deutsche Bank AG (DBK), trustee for $1.02 billion in bonds:
Deutsche Bank Trust Co., bondholder trustee for 6.25% notes, $325 million bondholder trustee for 3.375% notes, $325 million bondholder trustee for 1.875% notes, $287.5 million bondholder trustee for 9% notes, […]
By staff reporter Huo Kan and Washington correspondent Zhang Tao 08.01.2011 17:29
More Investors Ask, Why Not Short the Yuan?
Crisis theorists and others are wagering that the Chinese currency will veer from its long appreciation path against the dollar
Plenty of smart money is betting on the rise of the yuan, but some overseas foreign exchange investors are looking the other way.
Contrarians range from hedge funds to wealth management […]