163 articles found within the last year.
Displaying results 1 - 20
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UBS' Merrill injection
Robert McCann, the recently appointed chief of UBS' ... McCann, who ran Merrill's wealth management operation, including ... They will be accompanied by John Brown, who ... The Merrill recruits will join a number of ... "This team reflects both the good people who ... In a memo to employees that was reviewed...
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Hedge funds short the Sage of Omaha
Short sellers have focused their attention on Warren ... Berkshire Hathaway announced a $36bn (€24bn) deal to ... Ratings agencies Standard & Poor's and Fitch responded ... In the three days between November 3 and ... Despite the increase, the number of shares on ... In the six days since the deal was...
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US hedge funds poised for bespoke account growth
The increase in demands by European investors that ... According to research into US hedge funds holding ... Currently, the majority of the $1.5 trillion in ... Tabb group predicts that the jump in bespoke ... The author of the report, Matt Simon, said ... The US is home to around 87% of...
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GLG third-quarter loss narrows on fewer charges
Hedge-fund manager GLG Partners' third-quarter loss narrowed on ... The hedge-fund industry has improved its standing this ... GLG posted a loss of $114.6m (€77.1m), or ... Excluding acquisition-related compensation expenses and other costs, the ... Revenue slid 53% to $48.2m....
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The cost of Wasserstein’s riches
Lazard investors consider this: The investment bank said ... To put that charge in perspective, consider that ... The charge for Wasserstein’s stock awards, which vest ... This comes as Lazard said it reduced overall ... On a per-employee basis, compensation levels are going...
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First UBS client charged by US gets probation in tax case
The first US client of UBS prosecuted in ... Defendant Steven Michael Rubinstein, a Florida accountant, also ... The sentence was lighter than the recommendation of ... Rubinstein was sentenced in a Florida federal court ... Prosecutors said Rubinstein communicated with UBS bankers from...
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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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Tudor offers investors easy access fund
Tudor Investment Corp, a US hedge fund running ... Today, asset manager Lyxor Asset Management announced the ... Tudor this year improved redemption terms for Tensor ... Tudor could not be reached by the time ... Separately, Ivy Asset Management this morning reiterated to...
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Legg Mason 2Q profit tops views, outflows continue
Legg Mason continued its rebound, reporting another quarterly ... Investors continued to pull money out of its ... The Baltimore-based asset manager reported second-quarter earnings of ... Revenue fell 32% in the quarter ended September ... Analysts, on average, were expecting earnings of 21...
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When Bruce Wasserstein and Joe Perella ruled the world…
The 1980s gave birth to an M&A boom ... Street Scene: Top merger men quit at First ... Wasserstein and Perella, stars and profit centres, plan ... By Wall Street Journal staff reporters James Stewart, ... In a decade when the mergers and acquisitions ... All that ended abruptly yesterday morning when the...
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Goldman's soft sell: Its warm, fuzzy side
Goldman Sachs will today announce that life is ... Hoping to defuse a politically combustible situation, Goldman ... His first job was selling peanuts and popcorn ... Company executives also have discussed increasing charitable contributions ... In a development that might help frame the...
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'Cruz Missile' returns with a hedge fund
Nearly two years after she became one of ... The 54-year-old former Morgan Stanley co-president has begun ... The planned hedge fund is likely to invest ... Cruz's move marks the re-emergence of one of ... Her direct style and profit-machine status resulted in ... She and more than a dozen other senior...
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Comment: Some rules for Obama's Nobel Prize
Congratulations to Barack Obama for being awarded the ... Obama was today awarded the Nobel Foundation’s annual ... The sight of Obama, still in the first ... However, in the spirit of the recent G20 ... How about deferring the award until the end ... A link to the success of the economy...
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Hedge fund legend Simons will retire
James Simons, who has led one of the ... In an afternoon meeting on Thursday at his ... "I have led the organisation and its predecessor ... Co-presidents Peter Brown and Robert Mercer will be ... They are taking over one of the biggest, ... Renaissance's Medallion Fund has been one of the...
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The pros and cons of the top five financial centres
The World Economic Forum this week listed the ... The WEF yesterday published its second annual financial ... Here are the top five countries in the ... Strengths - The UK scored high marks for ... Weaknesses - The UK ranked 37th out of ... Strengths - Australia had a solid performance in...
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Forbes' richest Americans: the top 10 'money mavericks'
This year’s Forbes 400 list of the richest ... Sandy Weill, the former chairman and chief executive ... The following extracts from Forbes’ list concern those ... 15. George Soros, $13bn, chairman of Soros Fund ... “America's wealthiest hedge fund manager stepping up philanthropy:...
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Man Group has FTSE's best-paid finance director
Kevin Hayes, finance director of listed hedge-fund manager ... But Hayes' 2008 package fell far short of ... FDs, along with other directors, have taken a ... However, she added that the lower remuneration packages ... The financial services sector has been particularly hard...
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Swiss bank takes liquid path in latest fund venture
Asset manager Union Bancaire Privee has launched its ... The Swiss firm has partnered with US hedge ... UBP hopes to raise up to $500m (€340m) ... Mark Kurland, general partner at New Castle, said ... John Donohoe, chief executive of hedge fund business ... The CHF81bn (€54bn) asset manager decided to request...
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Wealthy piece together new ways to sweat their assets
Caught by the worst recession in a generation, ... Fabrizio Harper, a director at fractionallife.com, a fractional ... The number of global individuals seeking to rent ... The rental market is also booming, at least ... A spokesman for YachtPlus, architect Norman Foster’s London-based...
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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...
