Corporate Armor to Fight Hedge Fund Bullies
CFO.com – At 12:01 a.m. this morning, the Securities and Exchange Commission pushed out a new "emergency" disclosure rule that requires hedge funds and other large investors to disclose their short...
View ArticleHedge funds grab the spotlight on Wall St.
Politico.com – Even as the storied financial names vanish — Lehman Brothers, Merrill Lynch and Bear Stearns — they’re being quietly replaced by less familiar ones: Cerberus Capital Management, Citadel...
View ArticleWall Street CEOs Bag $3bn During Toxic Securities Build-Up
Here Is The City – Bloomberg reports that CEOs at Wall Street’s top five securities house earned a staggering $3bn between them from 2003 and 2007, during the time when the subprime and toxic...
View ArticleThain to head investment banking, wealth at BofA
Reuters – John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm’s sale to Bank of America Corp, will head investment banking, securities and wealth management at the new...
View ArticleAgecroft Hires Hedge Fund Manager
West Palm Beach (HedgeCo.net) – Hedge fund third party marketing firm, Agecroft Partners has hired its 5th Managing Director, Jarratt Ramsey. Jarratt spent the last 11 years at multi-billion hedge fund...
View ArticleTantallon Closes Its Smaller Companies Hedge Fund
Bloomberg – Tantallon Capital, founded by Merrill Lynch & Co. former head of sales Nicholas Harbinson, closed one of its hedge funds after bad bets on Asian stocks, three people familiar with the...
View ArticleCommodities R.I.P. as Leverage Vanishes, Growth Slows
Bloomberg – Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. The value of the 19...
View ArticleTreasury Said to Invest $125 Billion in US Banks
Bloomberg – The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government’s latest attempt to shore...
View ArticleWall Street layoffs could surpass 200000
Los Angeles Times – Traders and investment bankers might have more to worry about than dwindling bonus pools this year as mass firings on Wall Street are set to hit a record. The fallout from this...
View ArticleBroken Securities Industry Still Has $20 Billion to Pay Bonuses
Bloomberg – Five straight quarters of losses and a 70 percent slide in its stock this year haven’t stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses. Goldman Sachs Group...
View ArticleHedge Fund Service Team Launched by BNP Paribas
West Palm Beach (HedgeCo.net) – BNP Paribas has launched a global, transversal, multi-asset, hedge fund client service team. The team will be a single point of entry for Hedge Funds for all inquiry,...
View ArticleRatings downgrade hits Hollywood investors
Reuters – A largely unnoticed ratings downgrade on a slate of Paramount Pictures movies backed by hedge-fund money offers rare proof that such innovative packages have proved to be wobbly investments....
View ArticleSearch Is on for Iceland-Like Hedge Fund in Asia
Bloomberg – It used to be that we searched for economic icebergs in Asia. Now we are on the lookout for Icelands. Last week, Iceland became the first developed economy to seek aid from the...
View ArticleRivals bet against Morgan Stanley in September
Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal...
View ArticleHedge funds forced to adapt or die
International Herald Tribune – The mergers and acquisitions business is about to take a deep dive. For most of the financial crisis, it has remained surprisingly buoyant. This was partly because there...
View ArticleHedge Funds Lower Fees, Lengthen Lockups on New Bond Funds
Bloomberg – Artradis Fund Management Pte, RAB Capital Plc’s Northwest unit and Cannizaro (Hong Kong) Ltd. are cutting fees and locking up investors’ money for longer in new hedge funds that will buy...
View ArticleHedge Funds Lower Fees, Lengthen Investor Lockups
Bloomberg – Artradis Fund Management Pte, RAB Capital Plc’s Northwest unit and Cannizaro (Hong Kong) Ltd. are cutting fees and locking up investors’ money for longer in new hedge funds that will buy...
View ArticleMerrill’s Thain seeking 2008 bonus of $10 million
Reuters – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company’s compensation committee is resisting...
View ArticleExperts Discuss Hedge Fund Growth at ‘Fighting the Tape’ Seminar
West Palm Beach (HedgeCo.net) - Top financial industry leaders and more than 200 attendees gathered in New York late last week discuss the volatile hedge fund market and provide insights on distressed...
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