Summary
LONDON (HedgeWorld.com) - Shares in banks and other assorted financial institutions have rebounded in recent trading sessions, but one of Europe's most established fund of hedge funds groups is not convinced that the credit crisis has yet run its course.
This blunt conclusion underscores a sobering end-of-quarter briefing from HDF Finance, the French fund manager based in Paris with more than 3 billion euro ($4.6 billion) under management. The assessment comes as Ben Bernanke, the chairman of the Federal Reserve, warned the Joint Economic Committee of Congress on Wednesday [April 2] that the United States could see negative growth in the first half of 2008.See the full content of this document
Extract
Hdf Sees Credit Crisis Continuing
In its briefing note, HDF officials said: "The credit crisis looks set to last. Doubts remain about the financial health of some of the world's biggest banks." Th...
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