180 articles found within the last year.
Displaying results 1 - 20
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Debt defaults hit record but expected to slow
Default rates of low quality debt at European ... Rating agency Standard & Poor’s expected the number ... The figure, which followed the agency’s last reported ... The research tracks companies in the EU, Norway, ... The aggregate outstanding debt held by the 81 ... The acceleration in defaults followed the collapse of...
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'Move Past The Crisis,' Barclays Wealth To Clients
Global markets are now functioning normally, and stocks, ... The global wealth-management business of London-based Barclays PLC ... The asset manager, which caters to high-net-worth, affluent ... "The crisis is over," said Gurwitz, yet many ... As investors position their portfolios, they must take...
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Nemesis hires former Lehman Brothers funds head
London boutique Nemesis Asset Management has hired the ... Robert Sargent joined Nemesis Asset Management’s office in ... Sargent was most recently head of asset management ... Before joining Lehman Brothers, he worked at Morgan ... Sargent said: “With the worst of the global...
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Blackstone in negotiations to restructure $20bn debt at Hilton
Blackstone Group has begun talks with lenders to ... The talks are part of a restructuring of ... The talks are another sign of the turmoil ... In the Hilton negotiations, Blackstone is considering contributing ... Blackstone funds and co-investors originally put up $5.6bn...
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Fiction can be more powerful than reality
French philosopher Jean Baudrillard, who died in 2007, ... He said they tend to be reliant on ... Cult film The Matrix drew on the views ... Baudrillard disciples would view the financial matrix as ... Within the community, an interlocking network of investment ... Everyone gets paid extraordinarily well because they live...
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Structured products come back into vogue
The structured products business ground to a halt ... Royal Bank of Scotland has been marketing trades ... Investors are particularly interested in carry trade strategies. ... Kara Lemont-Sportelli, head of interest rate and foreign ... Tamas Korchmaros, foreign exchange structurer at Royal Bank...
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Activist hedge fund sparks public spat
A heated argument between Passport Capital, a $2bn ... Passport Capital called for an extraordinary general meeting ... The hedge fund, which owns 14% of the ... In its letter to shareholders, Passport said the ... From the beginning of the year to close ... Jones, who is one of the three directors...
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I’ll fly away: Lehman sells off its last Gulfstream jet
Since Lehman Brothers filed for bankruptcy more than ... Over the years, the planes took Fuld and ... The restructuring gurus at Alvarez & Marsal continue ... This month, Lehman sold the last of its ... Lehman raised almost $90m from selling the planes ... “Given the difficult environment for selling assets, the...
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Hedge fund investors demand safe custodians
Hedge fund investors are pushing managers to appoint ... This week Capula Investment Management brought in custodian ... Until the financial crisis, custodians had mainly been ... David Aldrich, European managing director at Bank of ... "On a manager level some of them had...
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Why the Rich Like These Bare-Bones Products
Exchange-traded funds don't exactly shout "I've arrived!" the ... And how the wealthy use them depends on ... Ira Walker, a UBS advisor in Red Bank, ... Firms like Morgan Stanley Smith Barney say that ... "That a bank the size of Lehman Brothers ... High-net-worth advisors increasingly are experimenting with ETFs, which,...
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Ex-Lehman Europe bankers claim $100m in lost pay
Nine former European bankers at Lehman Brothers are ... Filings lodged last month with Lehman Brothers Holdings’ ... They include: former co-chief executives of investment banking ... All the bankers cite deferred compensation or restricted ... The claims come as regulators around the world...
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New hires worth $300m to banking trio
Managing directors hired by Lazard, Greenhill and Evercore ... Analysts at Keefe, Bruyette & Woods have upgraded ... In a report released last week, KBW's analysts ... Over the past year Lazard has hired 17 ... Managing directors at Lazard are the most revenue-generative...
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Six European Lehman bankers seek £70m in lost remuneration
Six European bankers at Lehman Brothers, including Riccardo ... Banchetti, who is seeking £16.4m, is joined by...
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Bankers urged to become socially useful
Last week was Yom Kippur and Planet Money, ... On the Jewish holiday last year, typically a ... On October 1 last year The New York ... One year later and the consensus seems to ... The crisis has led to much soul-searching on ... Former President Bill Clinton launched the Global Impact...
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UK administrator seeks backing of Lehman’s hedge-fund creditors
Lehman Brothers' hedge-fund creditors in London, with up ... PricewaterhouseCoopers, the administrator for Lehman's London businesses, intends...
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News analysis: How JP Morgan's two heads became one
Like Hollywood marriages, partnerships between senior bankers are ... In a world where precedents include the breakups ... From the start the co-chief executive structure proved ... Black and Winters were helped by the clear ... Their partnership was also helped by the size...
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Man Group's assets grow as redemptions slow
Man Group said on Wednesday that its assets ... Funds under management now stand at around $43.8bn ... The hedge-fund group also said it expects pre-tax ... Although institutions cut the amount of money they ... Hedge funds have generally reversed course in 2009 ... "Investor sentiment is continuing to improve across the...
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Rise of globalisation could 'stall' after $30 trillion slump
Plunging property values mean the rally in equities ... Global financial assets have fallen $28.8 trillion in ... The value of property assets fell $3.4 trillion ... The research, which was written by six authors ... This drop "raised questions about whether financial globalisation...
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Comment: The affluent do better than the super wealthy
Sometimes it pays to not be in the ... Rich lists like Forbes annual billionaire ranking and ... Research by London-based consultancy Scorpio Partnership found that ... Scorpio surveyed 1,500 individuals around the world and ... Granted, the figures might have been a bit ... But the survey does suggest the wealthy might...
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Star ex-Lehman traders mull new fund
Alex Kirk, the former head of principal investing ... Sources said that the vehicle would buy distressed...
