DE Shaw eyes rival firms' distressed holdings
DE Shaw has set up an in-house team to look at buying portfolios of distressed assets and is targeting rival hedge fund firms' holdings
2010. February 9. 0:05
DE Shaw broadens Asian reach [FT.com] Marc. 8. Hedge fund to open offices in Chinese mainland and Tokyo as rivals seek to bulk up presence in the region DE Shaw eyes rival firms distressed holdings [FT.com] Febr. 9. DE Shaw has set up an in-house team to look at buying portfolios of distressed assets and is targeting rival hedge fund firms holdings Questor share tip: Buy BAE Systems [Telegraph.co.uk] Febr. 9. On Friday, BAE Systems said it had struck a deal with the UK and US authorities to settle a six-year investigation over bribery allegations. Dow Jones falls below 10,000 for first time since November 4 [Telegraph.co.uk] Febr. 8. Fears that the eurozone's gathering debt crisis will stall the global recovery sent the Dow Jones index of US stocks crashing below 10,000 for the first time since November 4 last night. UK sales fall prompts fears of 'double-dip' recession [Telegraph.co.uk] Febr. 8. Fears the economic thaw is over as 2010 opens with the worst January for the high street since comparable records began 15 years ago. Capital One doubles credit card rates [Telegraph.co.uk] Febr. 8. Capital One has nearly doubled the interest rates it charges some of its credit card customers, it has emerged. PAC slams Treasury over bank rescues during financial crisis [Telegraph.co.uk] Febr. 8. A powerful parliamentary committee has criticised the Government's handling of public funds during the financial crisis, ranging from paying excessive bank fees to failing to secure adequate len... BSkyB sells ITV stake at£348m loss [Telegraph.co.uk] Febr. 8. BSkyB has sold 10.4pc of ITV at a£348m loss after it gave up on its battle to maintain the whole of its controversial 17.9pc stake. Britain need not fear a Greek tragedy- yet [Telegraph.co.uk] Febr. 8. Given how apparently parlous our position, is it not a little rich for the British Prime Minister to be joining with other European leaders this week in advocating extreme fiscal austerity as th... ABI may challenge Marc Bolland's£14m pay at M&S [Telegraph.co.uk] Febr. 8. Britain's most powerful investor group is considering taking a stand against the£14.8m pay package agreed for Marc Bolland, the new chief executive of Marks& Spencer. FTSE traders worried about L&G's bond exposure [Telegraph.co.uk] Febr. 8. Life assurers missed out on the blue-chip index's 0.6pc rally amid worries about the sector's exposure to the European sovereign debt crisis. Toyota recall crisis is threat to 'whole car industry' [Telegraph.co.uk] Febr. 8. Toyota's problems have wiped 10pc off the value of the brand and could damage the reputation of Japanese car makers for a generation, says expert.
