On FT Alphaville today,
-The AbCap saga continues as Florian Homm is down £36.5m on the sale of his stake in the troubled fund.
- Man Alive! Man’s alive. And kicking – with exceptional performance through the worst of this summer’s credit storm.
- But it’s lean times ahead for other hedge funds.
- Good thing too. Those Macavity hedgies still have a lot to answer for. The spotlight may be shining elsewhere at the moment but hedge funds still need to mind their public image in the future.
- The quiet men in Guernsey’s Pension Corporation are turning up the volume: Who says a company called Co-Investment No 5 LP Incorporated can’t be exciting? It’s taking over Telent, anyway.
- Private equity and China don’t mix? Well tell that to the Executives quitting the likes of Goldman and Temasek and setting up their own Middle Kingdom private equity firms.
- Is anyone warning the Chinese? The value of your Revolution could go down as well as up.
- Meanwhile, in the US: ‘Our models tell us we’re innocent’ Through the magic of maths, the Quants aren’t too blame.
- And Northern Rock’s got a new business model to save it: The Holy Trinity. From the shadowy world of Opus Dei comes a new bidder for the bank. We kid you not.
On FT.com today,
- BP’s shares take a hit as news of ‘dreadful results’ is leaked.
- Delta Two is in talks with Sainsbury’s pension fund.
- And as the dollar plumbs new lows, the FT looks to history for advice.
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