August 20, 2008
Andor Hedge Fund Shutting Down
Andor Capital Management, a hedge fund controlling about $2 billion in assets that was spun off from Arthur Samberg’s Pequot Capital Management in 2001, is closing down and returning money to investors.
Europe’s insurers remain on the hunt for small to midsize acquisitions, with the action likely to center on promising emerging markets, while larger deals in mature markets will likely have to wait in the face of the global credit turmoil.
European shares rose in afternoon trading, as strong gains from miners and oil producers offset continued weakness in the banking sector.
Germany approved legislative changes to allow the blocking of unwanted foreign investors from buying 25% or more in a German company that’s viewed as crucial for the country’s public security.
As another dismal summer limps to its soggy close why not cheer yourself up
with one of these raincoats?
Click on the image to the right to enter our guide.
This is a year in which Asia has become inexorably embedded in worldwide
culture. As the Olympics continue in China’s capital, Beijing, and films
such as Lust, Caution achieve huge critical acclaim, Asia House has launched
its inaugural Festival of Asian Film to promote Eastern cinema to Western
audiences.
OK, so we were wrong. On Monday we proclaimed that it couldn’t get any better for Britain. But it did. Christine Ohuruogu’s unexpectedly stunning victory in the 400 metres brought Britain’s gold medal tally to 16, making this the nation’s best Olympic performance for a century. The cyclist Chris Hoy became the first Briton to win three golds in one Games for 100 years. Ms Ohuruogu’s track victory has even put paid to the Australian jibe that we can only win in “sitting down” sports like cycling, sailing and rowing.
It was the golden moment that crowned the glorious, golden day. As Christine Ohuruogu powered her way past the four rivals who had entered the home straight ahead of her in the Beijing National Stadium yesterday, she might as well have been the entire British sporting nation clearing a path to the established global superpowers. When she crossed the line, as the winner of the women’s 400m final, she collapsed to the ground in disbelief. You did not need to be a professional lip reader to get the message: “Oh, my God.”
Well, it could have been more of a surprise. But only if the towering Jamaican draped in a Union Flag celebrating a British medal had been Usain Bolt. In fact, Bolt shot into the Mixed Zone, the area deep in the bowels of Beijing’s Bird’s Nest Stadium, to wrap his arms around Great Britain’s first track and field medallist of the 2008 Olympic Games. If only the world’s fastest man had been blessed with a father born in England’s capital city.
