Eurozone Contraction Overpowers Germany’s Meager Growth
Although the German economy continued to report growth in the second quarter, that was not enough to save the eurozone as a whole from shrinkage.
Draghi’s Dilemma: ‘Whatever it takes’ Could Alienate Fellow ECB Members
Mario Draghi, president of the ECB, may have painted himself into a corner with his London speech on Thursday promising to do “whatever it takes” to rescue the euro.
Is Gold in Trouble?
Goldbugs are nervous, and rightly so. Their beloved metal—the “currency of last resort”—has been acting more like a basket case than a bastion of safety.
Dutch Bailouts of ING, ABN Amro ‘Large Errors’: Committee
A parliamentary committee in the Netherlands said that the country’s government made “large errors” when it bailed out ING Groep NV, ABN Amro Holding NV and Fortis in 2008 and 2009, and those errors put taxpayers on the hook for greater risk and cost.
Can It Happen Here?
Wealthy individuals and institutions dominate hedge fund investing, but the mainstreaming of these products rolls on. Strategies that traditionally have been available only in the shadowy...
Dutch Court Okays Sale of LaSalle Bank
The supreme court of the Netherlands overturned on July 13 a lower court ruling that clears the way for ABN Amro to sell Chicago-based LaSalle Bank to the Bank of America in a deal valued at $21 billion.
GSAM to List Fund of Funds in London
LONDON (HedgeWorld.com)--Goldman Sachs Asset Management is preparing to list a new fund of funds in August on the London Stock Exchange. Goldman Sachs Dynamic Opportunities, a closed-end fund, will offer a core allocation to high conviction managers spread across four core strategies. It also will allocate to niche strategies. The...
ABN Amro Targets Commodities with London Forum
LONDON (HedgeWorld.com)--The hot run of the commodities sector and its investment prospects will come under scrutiny next month in a forum called Focus on Commodities: 'Distinguishing Between Fact an Fiction'. The event, which takes place in London on May 11, is being hosted and organized by ABN Amro Global Futures,...
NYMEX Clearing Firm Says ICE Froze It Out
NEW YORK (HedgeWorld.com)--MBF Clearing Corp., a clearing member of the New York Mercantile Exchange, filed a civil antitrust action against the Intercontinental Exchange, Atlanta, Thursday [Feb. 2], alleging that ICE breached a contract in order to maintain a monopoly in the markets for electronically traded natural gas and oil futures...
Absolute Capital Names New Director
SYDNEY, Australia (HedgeWorld.com)--Absolute Capital Group Ltd. appointed David Bleakley to a non-executive position on the firm's board of directors. Mr. Bleakley formerly was the founding chairman and managing director of Bleakleys Ltd., an Australian financial planning company. He currently serves as executive chairman of RetireInvest Pty Ltd., an Australian financial...