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12/11
NEW YORK (CNNMoney) — Hedge funds reached a milestone in the first quarter, amassing over $2 trillion in capital for the first time ever, an industry tracker said Tuesday.
The global hedge fund industry now controls total assets worth $2.02 trillion, according to Hedge Fund Research. That’s up $102 billion from the first quarter of 2010 and is more than the industry had in the second quarter of 2008, when assets peaked at $1.93 trillion. (more…)
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12/11
NEW YORK (CNNMoney) — Time is almost up for one of the Federal Reserve’s most candid inflation hawks. Kansas City Fed President Thomas Hoenig is retiring October 1.
While retirement was imminent because of Hoenig’s age, the Fed officially announced his departure Friday morning. Fed presidents are subject to mandatory retirement once they reach 65 years old. (more…)
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12/11
NEW YORK (CNNMoney) — Labor unions around the nation can thank Wisconsin Gov. Scott Walker for re-energizing the workers movement.
The Republican governor was savoring his success Thursday in limiting collective bargaining for public employees in Wisconsin after a contentious and drawn-out battle. (more…)