Saturday, 1 November 2008
After the deluge, hedge funds may soar
Competition for alpha returns will thin, opening up opportunities for managers
Half of Cambridge students steal work
Nearly 1 in 2 admits to plagiarism in survey; law is worst affected
Value Partners fund loses 37pc in assets
Value Partners Group, the Hong Kong-based asset manager in which Ping An Insurance (Group) holds a minority stake, said its oldest fund lost 37.33 per cent of its assets in five weeks.
Hedge fund managers working to limit redemptions as investors flee
Dozens of hedge funds have told investors they cannot get their money back right now as managers try to limit a wave of redemptions to safeguard all their clients’ investments - as well as their own futures.
South China Firms ‘in Dire Need of Help’
Manufacturers in southern China are in dire need of help, an economist and Hong Kong’s trade representative in Guangdong warned, days after another big factory closed, throwing more than 3,000 people of out work.
Experts Fear Increase in Suicides
Asia should brace for an increase in suicides with the global financial crisis, a conference was told yesterday.
Stockbrokers and estate agents join food queues
Former high-flyers such as brokers and estate agents are joining the growing ranks at Hong Kong’s food banks as the global financial crisis worsens.
Hongkongers Embrace Their National Identity
The city’s inhabitants are increasingly seeing themselves as “Hongkongers but also Chinese”, a study has found.
Citic Pacific Suspended After Shares Surge
Trading in shares of Citic Pacific has been suspended after they rose by more than a quarter amid speculation its parent company will inject additional capital to cover losses on currency contracts or take over the contracts itself.
Crisis to hit China hard
A Global recession will have a huge impact on China’s economy while currency volatility is expected to add further pressure on the country’s banks, a top executive at Bank of China (BOC) said on Saturday.
Almost Half of Women Have Sexual Problems
In a double whammy for the female gender, new research shows that 40 percent of women report sexual problems, but only 12 percent are distressed about it.
Japan’s air force chief faces sack over Second World War comments
The chief of staff of Japan’s air force is to be sacked after he claimed the country had been drawn into the Second World War by the US and denied it had been an aggressor during its occupations of the Asian mainland.
Stock Manipulation Probe Launched After Prices Spike
U.S. regulators are investigating whether investors manipulated end-of-day stock prices to avoid being forced by their brokers to sell holdings.
Search for Lessons from Financial Crash
The mainland is rethinking its view of the American banking system
Rep. Frank: bailout funds must be used for lending
Companies receiving public money under a U.S. government financial rescue program must use it for lending or they will be violating the law, the powerful chairman of the U.S. House of Representatives Financial Services Committee said on Friday.
Student Loan Fugitives
When faced with unaffordable monthly payments and relentless creditors, some see leaving the country as their only way out.
Wall Street’s Red October
This month has been one of the worst-ever for stocks. Dow on a wild ride. S&P down 204 points - most ever.
A Painful Squeeze on Short Sellers
Volkswagen was briefly the most valuable company in the world this week because short sellers made the wrong bet. It’s another sign of a volatile market.
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