238 articles found within the last year.
Displaying results 1 - 20
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Merrill’s Peter Kraus collects $25m and then resigns
Merrill Lynch’s John Thain may not be getting ... First there was former Goldman trading star Thomas ... Now, former Goldmanite Peter Kraus is getting his ... In a year when some bankers are being ... Talk about your good timing. ... Kraus was hired in May–when Merrill Lynch was...
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Gottex Fund Management names chief investment officer
Gottex Fund Management has appointed Richard Leibovitch as ... James Singh , who joined Gottex from Lehman...
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Highlights of '08: Views from the top
Financial News posed two questions to industry leaders: ... What was the most significant event of 2008 ... Where does one begin? We could start at ... What would you have done differently knowing what ... Taken a sabbatical. But in all seriousness, 2008 ... • Joe McDevitt, Pimco Europe...
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Wealthy Spanish investors hit by Santander exposure to Madoff
Wealthy Spanish investors have been among the worst-hit ... Billionaire Alicia Koplowitz, who netted $800m (€545m) from ... Fernando Luque, an analyst at Morningstar in Madrid,...
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Trading swing drags Goldman to first loss since 1994
An $11bn (€8.1bn) swing in revenues from trading ... The results round off a horrendous year for ... Lloyd Blankfein, chairman and chief executive, said today ... Goldman Sachs lost $4.4bn in trading and principal ... The chief driver was fixed-income, currencies and commodities...
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BNY Mellon wealth unit recruits Lehman executive
BNY Mellon Wealth Management has recruited Janet Constantin ... Constantin joins the firm from Lehman Brothers....
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Wealth manager rises from Lehman's ashes
A European wealth management firm previously owned by ... Pier-Alberto Furno, a long-only fund manager who ... Ambix has $300m in client assets under management ... “I believe that the current market environment provides ... He added that one of the consequences of ... Ambix starts trading today with four value based...
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Seasoned investor plans to find joy in economy's distress
Fund of hedge funds veteran Michael Goldman is ... Goldman has gained in confidence despite suffering losses ... The losses represent Goldman’s worst trading experience since ... Lehman Brothers and Washington Mutual have triggered defaults ... Michael Goldman said: “Current levels of debt mean...
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Goldman cuts more than 200 in London
Goldman Sachs will today lay off about 250 ... One source familiar with the matter said up ... A spokesman for Goldman Sachs said: "This is ... The round of cuts, which comes amid a ... Recent high-profile European departures from Goldman Sachs include ... Goldman Sachs, which reportedly approached Citigroup over a...
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Pension deficits hit record high
UK corporate pensions fell even further in to ... According to new figures from the Pension Protection ... In addition, scheme liabilities increased by 2.9% over ... The PPF is a government-sponsored and industry-funded insurer ... Questions remain over the PPF, which last year...
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Evercore Wealth CEO eyes HNW growth
Jeff Maurer, chief executive of US broker Evercore's ... The head of Evercore Partners’ wealth management arm ... Evercore’s new unit, headed by Jeffrey Maurer, will ... The Evercore unit will have 12 investment professionals ... Maurer likened the transition to a boutique format...
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Cheap borrowing is a thing of the past
“All good things must come to an end.” ... In the four years before the crisis struck ... Since then, the tables have turned and a ... The cost of raising debt in any asset ... Suki Mann, head of European credit strategy at ... For bond investors, it is as Mann described ... However, for issuers of debt, the high cost...
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Advisory wealth boutiques are on the rise
Boutique advisory businesses are expected to spring up ... Momentum has so far been a trickle, not ... Edward Jewson, chief executive of consultancy Jewson Associates ... He thinks Europe will begin to see start-up ... But several banks are already entering the sector ... According to UBS sources, job security is a...
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Management outbids private equity firms to buy Neuberger
The management team and portfolio managers of Neuberger ... The winning team beat out an earlier bid ... The new company, Neuberger Investment Management, will consist ... In addition to Neuberger and Lehman’s asset management ... The bid won because it offered greater value...
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Tudor becomes largest fund to halt withdrawals
One of the world's largest hedge funds has ... Bloomberg reports that managers of Tudor Investment Corp's ... Tudor Investment Corp, the hedge fund manager established ... The fund has not suffered too badly in ... While the latest returns for Tudor BVI Global ... However the illiquidity of markets appears to be...
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Beautiful? Only inside your head
“I think the market is bigger than anyone ... Two months on, and Hirst may yet have ... The sale by Hirst, often seen as the ... But in just a few weeks, a more ... Sotheby’s is having trouble collecting payment for works ... The next day Sotheby’s rival Christie’s failed to...
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Citigroup cuts technology support for hedge fund start-ups
Citigroup has ended a technology support service offered ... The business consulting group helped prime brokerage clients ... The source declined to say how many jobs ... The source also confirmed the departure of Alexis ... Citigroup expanded its prime brokerage team for the...
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HSBC's Deseglise joins Brazilian boutique
The Brazilian investment house founded by André Esteves, ... Deseglise joins BTG, or Banking and Trading Group, ... Other staff include former members of Banco Pactual, ... Most recently the firm acquired a portion of ... BTG currently manages approximately $600m in proprietary assets...
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US hedge funds face closure amid Lehman asset freeze
Several companies dependent upon four US hedge funds ... The four unidentified funds claimed that they were...
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Bank of Montreal posts lower profit at private client unit
Bank of Montreal, Canada’s fourth- biggest bank, said ... The division, which comprises brokerage, investing services and...
