Hedge Fund Rumors Sink Markets

Jan 25 2008 | 12:44pm ET

Word that a hedge fund may be in trouble turned the markets skittish this morning.

The Dow Jones Industrial Average had been up more than 100 points in early Friday trading. But rumors that a large hedge fund was liquidating positions unnerved the market, and the Dow gave back all of its early gains, and plummeted again after a mid-morning rally brought it back into the black. As of 11:40, the Dow was up about 7 points.

According to the Associated Press, a number of hedge funds have been mentioned as the possible source of the volatility. But the fear that one could be in trouble—and its possible effects on the market—may have renewed fears that the battered financial sector could again be derailed.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of