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The Northwater Top 75 Income Trusts Plus announced today that the final net asset value of the Trust per unit, as at October 31, 2008, is $3.90. This net asset value per unit reflects the monthly cash distribution of $0.08 per unit previously declared to unitholders of record on October 31, 2008.
Indian shares bounced back with a vengeance, snapping a seven-session losing streak, as stocks across Asia and Europe rebounded amid reports that troubled Us banking major Citigroup was considering an outright sale. The New York Bank's board will discuss the proposal at a meeting later today.
The Indian market has turned highly volatile in mid-afternoon trade, with the key stock indices slipping into the red zone briefly, before rebounding back into the positive territory. Earlier, the market had rallied after a smart recovery in Asian markets and a big jump in US stock futures.
Indian stock indices have eased slightly from the day's highs in early afternoon trades, but remained firmly in the positive zone, as markets across Asia rebounded, notwithstanding the sharp fall in US shares overnight.
NEW YORK----The Convertible Arbitrage sector started the year strong with over half of the funds in the space posting positive returns as of June 1. Today, all funds are in negative territory as Convertible Arbitrage managers have seen six years of performance wiped out in less than six months.
MUMBAI: The rupee fell sharply against the dollar to close at an all-time low of Rs 50.02 on Tuesday. The 35-paise fall from its previous closing was prompted by heavy dollar demand from FIIs exiting Indian stocks and oil companies.
HONG KONG -- Asian bond spreads widened on Thursday after Wall Street's tumble took US stocks to their lowest in five and a half years and with prospects fading fast for a congressional bailout of the US auto industry.
Most hedge funds these days are spending their time crying over their losses — when they’re not shutting down. But John A. Paulson instead was celebrating his funds’ performance with more than 100 investors at an opulent dinner Monday night at the exclusive Metropolitan Club in midtown Manhattan, facing Central Park.
SAO PAULO (Dow Jones)--Markets are down around the world, but they're going to recuperate quickest in emerging markets, say managers of the $100 million Cogo Wolf Global Strategy Fund, a San Francisco hedge fund.
Hedge funds dropped 8.04% in October according to the Barclay Hedge Fund Index compiled by BarclayHedge, and have lost 14.44% of their value during the past two months.
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