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Posts Tagged ‘ eurozone crisis ’

U.S. Hedge Funds Hunt Talented Traders At Struggling European Funds

By
March 25, 2013
TEST6Hedge Funds

American hedge funds are making smart moves by hiring the most talented traders from the European startup funds that are struggling due to the sovereign debt crisis. According to Bloomberg, SAC Capital Advisors LLC, Pine River Capital Management LP and Millennium Management LLC have all hired traders and analysts from the European hedge funds started by bankers in the region. Most of the employees for the U.S. funds came from Portman Square Capital LLP, Edoma Partners LLP, Occitan Capital Partners LLP...
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Asia Pushes European Leaders for Economic Plan at the ASEM

By
November 6, 2012
TEST6european leaders

Asia has been a fast growing region in recent years. Many, if not most, of the world’s economic “super stars” are now located in Asia. In 2011, the region as a whole recorded a growth rate of 6.9 percent. Yet while Asia is clearly on the rise, most nations have been surprisingly quiet on the international stage, with China being the notable exception. In recent years, even Japan has been more quiet and reserved...
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Deutsche Bank’s Profits Remain Flat, Investment Banking Jumps 67%

By
October 30, 2012
TEST6deutsche bank

Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB), the largest European lender, said on Tuesday that its third quarter profits were almost flat, as the better than expected performance of investment banking unit was subdued by the expenses related to litigation and the restructuring program. For the quarter ending Sept. 30, the German bank’s net profits declined to 755 million euros ($795 million) from 777 million euros in the same period last year, the bank said in...
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S&P 500 Margins Likely To Decline in Q3: Is Anybody Out There?

By
October 16, 2012
TEST6QE3

The third quarter earning session began Tuesday night with Alcoa Inc. (NYSE:AA) reporting its Q3 earnings. If Wall Street analysts are to be believed, it will be the first time since Q3 2009 where profits of S&P 500 companies are likely to post a negative earnings growth over the same quarter a year ago. It’s highly unlikely that the companies would surprise pundits amid a troubled Eurozone, slowing Chinese economy, and uncertain U.S. economy....
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How the Best Value Investors are Navigating the EU Crisis

By
October 16, 2012
TEST6eurozone

First Appeared on appeared first on Compounding My Interests Last week, in addition to attending in person the Santa Fe Institute conference, I also “virtually attended” the European Investing Summit put on by ValueConferences and the Manual of Ideas.  It too was quite the experience, in terms of the quality and quantity of content and its groundbreaking format for connecting global value investors.  These days it’s nearly impossible to amass the brainpower and experience of informed...
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Ben Bernanke at Jackson Hole Strongly Hints of QEIII

By
August 31, 2012
TEST6Ben Bernanke

Federal Reserve chairman Ben S. Bernanke clearly stated that he wouldn’t rule out any attempt, including bond purchases (AKA QEIII), that can reduce the unemployment rate and help the economy grow. Ben Bernanke said the present economic growth is far from satisfactory. He was speaking at an annual conference in Jackson Hole, Wyoming. Corporate America and economists keep a close watch on the event, as it hints about the shape of future Federal monetary policies....
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Credit Suisse is One of Europe’s Strongest Banks: Deutsche

By
August 30, 2012
TEST6Credit Suisse

In its recent report, Deutsche Bank Market Research revealed that Credit Suisse Group AG (NYSE:CS) is heavily discounted. In the beginning of this year, that seemed reasonable, due to the bank’s capital deficit, but no such deficit exists now. It is ranked among the top three in almost all the areas it has chosen to compete in. Deutsche Bank has  upgraded its recommendation for Credit Suisse Group AG (NYSE:CS) to Buy, with a target price of 23 Swiss...
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German Business Optimism Drops For Straight Fourth Month: Ifo Survey

By
August 27, 2012
TEST6germany hedge funds

It seems that the Eurozone debt crisis has finally started crushing the backbone of the strongest economy in the region – Germany. A closely watched survey by Ifo shows that the German business confidence has declined more than expected in August. The index for August is down to 102.3 points from 103.2 in July, against analysts’ expectation of 102.6 points. The GDP of Germany grew 0.3 percent during the second quarter. The German economy has done...
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U.K. GDP Decline is Almost as Bad as Spain and Italy

By
August 7, 2012
TEST6UK manufacturing

Britain’s manufacturing output declined 2.9 percent in June from May, compared to 4.3 percent fall estimated by economists. The fall was mainly due to extra holidays on the occasion of Queen Elizabeth’s Diamond Jubilee. Though the decline was the steepest since November 2008, it was less than expected, indicating the recession hasn’t been as deep as reported earlier. The Office of National Statistics (ONS) stated that better than expected results have raised the hopes of...
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Starbucks Shares Decline Heavily After Disappointing Results

By
July 27, 2012
TEST6Starbucks

Starbucks Corporation (NASDAQ:SBUX) witnessed a free-fall in stock prices after the coffee mega chain reported less than expected earnings, and lowered outlook for the current quarter on Thursday. The Seattle-based, world’s largest coffee-shop, chain earned $333.1 million or 43 cents per share, a 19 percent increase over $279.1 million in the corresponding quarter last year. Analysts were expecting the earnings of 45 cents per share. Though net sales jumped 13 percent, it wasn’t up to the...
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Argonaut Capital: Crisis Has Exposed Flaws in Architecture of Eurozone

By
July 19, 2012
TEST6Europe Crisis

Argonaut Capital is a New York-based hedge fund manager, with $6 billion asset under management. The fund was down 2.84 percent in June, mainly due to its short positions in Europe. This follows a 2% decline in May, as we reported in June. The fund is currently up in July according to our sources with direct knowledge of the matter. David Gerstenhaber, the CEO of the hedge fund, has become increasingly bearish over Europe’s problems. Gerstenhaber is still...
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