13 articles found within the last year.
Displaying results 1 - 13
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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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Ex-Lehman broker sentenced to probation in insider case
A former Lehman Brothers Holdings broker has been ... At a hearing Wednesday, US District Judge George ... Bowers also was ordered to serve 2000 hours ... In May, Bowers pleaded guilty to conspiracy and ... Bowers is the fourth person to plead guilty ... Matthew Devlin, Bowers' former co-worker, pleaded guilty in...
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Comment: Why letting Lehman fail was, unfortunately, right
It is one year this weekend since the ... There have been thousands of job losses in ... On Monday Financial News published a counterfactual history ... The problems caused by the Lehman debacle are ... So letting Lehman fail was a move that ... Well, possibly not. There are several reasons why...
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Lehman buyout rebrands as Nemesis
Ambix Capital, the Monaco and London-based asset management ... Ambix Capital now becomes Nemesis Asset Management under ... The rebrand was part of the original strategy ... Nemesis manages four value-based long-only equity funds, and ... Nemesis has approximately $400m in client assets under...
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Memories of Lehman fade from a key measure of risk
Banks will soon face a test of whether ... The result is that the models will give ... The positive signals would be generated by what ... Despite one-year VAR's acknowledged flaws and bankers' attempts ... "The VAR model still determines the behaviour of ... Regulators around the world are planning to impose...
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Boutique wealth manager hires fixed income specialist
London and Monaco-based asset manager Ambix Capital, formerly ... Marco Sticchi joins from Whitebream, a London-based asset ... Ambix Capital was bought out from Lehman Brothers's...
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Barclays must give more data on Lehman
Lehman Brothers received the blessing of a judge ... Lehman said liabilities assumed by Barclays in the ... US Bankruptcy Judge James Peck on Wednesday approved ... Judge Peck said the extraordinary speed of the ... The ruling subjects the deal, approved at the ... Terms of bankruptcy sales are often considered final...
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Sizing Up the Rally
When financial advisors get together with their clients ... In view of the epic financial crisis and ... There is hardly unanimity among the top 100 ... She adds: "This seems like a stronger rally ... But Meyer and other upbeat advisors have their ... "Changing that mindset is going to take time,"...
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FSA probes Lehman structured products
The UK's Financial Services Authority is launching an ... The FSA and Financial Ombudsman Service said in ... The release said: "As a result, while the ... The FSA and Ombudsman have agreed that the ... Therefore, they have agreed that the FSA will ... Many in the industry concede clients have not...
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Collins Stewart Wealth hires ex-Lehman banker
The wealth management arm of broker Collins Stewart ... The company hired Oliver Tregoning as head of ... He reports to Neil Darke, head of wealth ... Drake said: "Within the last six months alone ... Last month Collins Stewart Wealth Management hired Tracey...
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Griff Rhys Jones slams wealth managers
Welsh comedian and author Griff Rhys Jones has ... In an article published in The Times, he ... Rhys Jones said: "I'm sorry, but we must ... One wealth adviser commented: "Advisers are facing this ... Rhys Jones did not say how much money ... He said: "Lehman and my hedge fund have...
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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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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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