Hedge Crunch Financialcredit crunch
Scaling back lending because of Mortgage Crisis
Ballooning losses from the US mortgage market could force the global financial industry to scale back lending by $2 trillion and trigger a substantial recession, according to a bearish analysis. The startling figure was suggested yesterday by the chief US economist at Goldman Sachs, Jan Hatzius, who said that an estimated $400bn (£290bn) in losses [...]
JP Morgan not affected by the credit crunch
Even though three of the top ten largest hedge funds in the US lost an estimated $24 billion in assets last year, the overall assets of the top US hedge funds actually rose in 2007 by more than 33%. JP Morgan topped the list with total assets under management of $44.7 billion dollars. JP Morgan [...]