BlueCrest’s Platt considers European banks insolvent (Headlines)
Michael Platt, the founder of the $30bn hedge fund BlueCrest Capital Management LLP, thinks most of the banks in Europe are insolvent and the situation will worsen in 2012 as the region’s debt crisis accelerates.
Calpers may invest more in Hedge Funds (Headlines)
California Public Employees’ Retirement System, the largest U.S. public pension fund, is likely to increase or maintain hedge fund investments next year after a review, according to Chief Investment Officer Joseph Dear.
A closely followed hedge fund manager known for correctly betting on the housing market’s collapse four years ago purchased a small stake in the nation’s largest mortgage insurance company in a bet that the housing market has neared bottom.
Sarkozy calls for tighter regulation of commodity speculators (Headlines)
French President Nicolas Sarkozy called for tighter controls on the speculators he blames for spiraling food and energy prices, spelling out reforms to put more trading under the thumb of regulators.
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