Several hedge funds with assets of more than $4 billion (£2 billion) were on the brink of collapse last night or had halted withdrawals, …The potential closure of six funds came as a leading private equity executive, who declined to be named, said that such funds were “snapping like twigs”, with one failing every day.
Hedge funds on the brink as US Federal Reserve cash fails to ease crisis – Times Online
BOSTON (MarketWatch) — A new type of exchange-traded fund tracks the price of oil futures without investing in the commodity itself, and this innovative structure could pave the way for similar ETFs linked to the price movements of any asset for which an index exists.
Money manager Claymore Securities Inc. and partner MacroMarkets LLC recently listed two ETFs on the American Stock Exchange. They are issued as a closely linked pair, one for bullish investors and the other for bears. Each hold short-term Treasuries and cash, and pledge to compensate each other based on changes in the settlement price of the Nymex Division light sweet crude oil futures contract.
Unique ETFs track oil prices without exposure to the commodity – MarketWatch