Word: firms
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...according to Hedge Fund Research's HFRX global index. By contrast, the Dow has dropped 40% this year; MSCI's index of developed and emerging stock markets has plunged nearly 50%. But some large, established funds have taken big hits. In mid-October, the $17 billion Chicago-based firm Citadel Investment told investors that its flagship fund had dropped nearly 30% this year. According to Singapore-based Eurekahedge, which tracks the industry, hedge funds lost an average of 4.7% in September, the worst monthly performance since the company began collecting data...
...ultimate status symbol among the country's newly rich. Limited in number, memberships in the most prestigious clubs trade like prized stocks and often reach hundreds of thousands of dollars. A year ago, the golf membership belonging to Kim Joo Hyong, the chief executive of a small trading firm, was worth $350,000. But as the shockwaves from the U.S. financial meltdown slammed into South Korea in September, Kim nervously watched cash-starved golfers dump their memberships on an Internet site that tracks their value, sending prices plummeting. The country, he became convinced, was about to suffer a financial crisis...
...growth. Not only did the economic crisis make his campaign promises sound hollow, the President and his policy team came under heavy criticism for reacting too slowly to stem the turmoil. "The problem has become deeper than necessary," says Charles Chang, managing partner of Seoul-based boutique investment-banking firm Accolade. "It is the failure of the government." Chang believes policymakers did a poor job of building confidence among foreign investors to calm markets...
...Changzhou says it relies on two companies--its joint-venture partner, Changzhou Techpool, as well as a Hangzhou-based firm, Ruihua Biomedical Products Co.--to buy its crude heparin. Strunce has described them as meticulous in ensuring the quality of the crude heparin they buy for SPL. But several small suppliers told TIME they have sold directly to SPL or have been approached by the company, looking for product. And when FDA inspectors showed up in Hangzhou this year, after reports of a spike in deaths and illness, Ruihua Biomedical stiff-armed the investigators. It refused to let them inspect...
CforC is the brainchild of Christopher James, a former special-forces officer and diplomat who founded Hakluyt, a business-intelligence firm. After the December 2004 Asian tsunami, some big companies contacted James, wanting to know if the millions of dollars they had donated to relief efforts had been put to good use and if they had gotten any recognition for their help...