Archive - May 15, 2009 - Story

Today, the WSJ finally picked up the story on one of the most interesting and exciting funds of the past decade: Renaissance, or affectionately known in geek circles as RenTec. Frequent readers of Zero Hedge are aware that there is likely much more than meets the eye at the uber secretive East Setauket campus.

According to NYSE data released yesterday, things are back to normal in the shady world of NYSE program trading, where after a suspicious lull in the prior week, Goldman Sachs' SLP function (or any other 3 letter acronym of your choosing) has cranked up yet again.

According to NYSE data released yesterday, things are back to normal in the shady world of NYSE program trading, where after a suspicious lull in the prior week, Goldman Sachs' SLP function (or any other 3 letter acronym of your choosing) has cranked up yet again.

• GM sends termination notices to 1,100 dealers (Bloomberg, AP)
• US regulators clash over holding bank management to account (Bloomberg)
• Obama's barbed words worry corporate world (Yahoo)
• Europe economy contracts the most since 1
  

• As ZH anticipated, the BGI troubles are much deeper than expected. Barclays urgently selling quant fund BGI, government darlings Blackrock and BONY in line to gobble it up (Bloomberg)
• Obama says U.S.