Wednesday, May 14, 2008

Former Shooter Employees Seek $200 Million for Currency Fund

Two from Bloomberg:
Four former employees of Shooter Fund Management LLP, the London investment manager that lost 40 percent last year, are starting their own firm to trade currencies....MORE

Libor Set for Overhaul as Credibility Is Doubted
The benchmark interest rate for at least $347 trillion of derivatives and 6 million U.S. mortgages is set for its biggest shakeup in a decade on concern that banks misquoted their true borrowing costs....MORE