Hedge Funds News
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Updated 2 hours, 10 minutes ago
Delta Air Lines Inc. executives said they are optimistic about inclusion in the Standard & Poor’s 500 Index, the benchmark gauge for U.S. equities, as they improve the carrier’s credit profile so it approaches investment grade.
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U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.
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Nomura Holdings Inc., Japan’s largest securities firm, said it plans to increase fixed-income sales staff in Asia, the Americas and Europe even as it continues to cut costs.
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Statoil ASA sold a tanker of Norwegian crude valued at about $63 million to BP Plc on May 9. The deal, along with six others so far this month, wasn’t subject to any oversight by financial authorities, yet would help establish the price for more than half the world’s oil.
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Investor confidence in U.S. municipal debt is the highest in three years even as Moody’s Investors Service warns that local-government credit quality is set to weaken for the 18th straight quarter.
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Hedge funds are making the biggest bet ever against gold prices, signaling continued volatility for the metal after prices entered a bear market last month.
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Hedge funds’ returns have stayed “lackluster” this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor’s 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.
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The Jerusalem Post has just published its annual ranking of the world’s 50 most influential Jews, and I’m sorry but also somewhat relieved to report that I don’t appear on it this year.
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Stonegate Mortgage Corp., the closely held lender that originated almost twice as much debt last quarter as in all of 2011, sold $115 million of common shares in a private offering to continue its expansion.
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Apollo Global Management LLC is the top-performing stock among publicly traded alternative-asset managers as Chief Executive Officer Leon Black demonstrates that reaping gains from buyout holdings while raising new investment funds is the key to pleasing stockholders.
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