163 articles found within the last year.
Displaying results 21 - 40
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Investors start market in murkiest hedge fund assets
Investors in hedge funds have begun trading interests ... Elias Tueta, co-founder of Hedgebay, a private exchange ... He said that, before this development, investors were ... More than 100 European funds barred investors from ... Placing assets in side pockets was one of...
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Pandit says $100m is too much for a banker
Citigroup chief executive Vikram Pandit said $100m (€68.1m) ... Pandit's comment came in response to a question ... Hall's compensation has become a political minefield for ... Citigroup is considering a spin-off of Phibro so ... While Citigroup employees need to be paid competitively,...
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Hedge fund industry show early signs of rebound
The number of hedge funds shutting down in ... Almost 300 funds shut down in the second ... However, the rate of closures has slowed - ... In comparison, this year, hedge funds have made ... Data provider Eurekahedge registered 141 launches last quarter ... Samtaney said: "We’ve seen net inflows of $30bn...
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Moelis snags another UBS alumnus
One of the bankers involved in the auto ... Andrew Horrocks, a UBS managing director and Americas ... Horrocks, 44, most recently advised Italian automaker Fiat ... He left UBS late last month and will ... “I am delighted to be reunited with Ken ... Deal Journal - an up-to-the-minute take on deals...
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Evercore chief chases funds opportunities
The ex-president of BlackRock who was involved in ... Ralph Schlosstein, who co-founded BlackRock in 1992 and ... He said: “At BlackRock we completed two acquisitions ... During his time at BlackRock, Schlosstein was involved ... Schlosstein said asset management would continue to lose...
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JP Morgan chases hedge funds with new custody-plus unit
JP Morgan has become the latest large bank ... The US bank is combining the prime brokerage ... Devon George-Eghdami, managing director and head of the ... She said this pairing would offer both the ... Other banks have also been merging these businesses. ... Hedge funds have become attracted to this dual...
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Berkshire Hathaway sells 794,388 Moody's shares
For the second time in as many months, ... Buffett's latest reduction of 794,388 shares came in ... Buffett sold the shares at prices ranging from ... Buffett cut his Moody's stake by 8 million ... Buffett has weathered criticism in the past year ... Moody's has been walloped in part by the...
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Despite warnings on Madoff, no thorough SEC probe done
The watchdog of the US Securities and Exchange ... SEC inspector general David Kotz said SEC staff ... However, he found no evidence that the SEC ... SEC chairman Mary Schapiro said in a statement ... She added that the SEC would release the ... Madoff confessed his multi-billion-dollar scheme to authorities in...
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Morgan Stanley studies joint venture for Van Kampen unit
Wall Street firm Morgan Stanley is pursuing a ... Wall Street has been abuzz about what Morgan ... Morgan Stanley's interest grows out of the perception ... The deal would be structured so that Morgan ... Such an arrangement would allow Morgan Stanley to ... Morgan Stanley "would benefit from selling its asset-management...
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Goldman Sachs: The movie
The financial crisis is coming to the movies. ... The mighty Goldman Sachs, meantime, is being lampooned ... Matthew Rittberg, 30 years old, has written and ... Rittberg depicts the Goldman’s chiefs warning like the ... “What did I tell you,’’ says the Blankfein ... “It’s a Bamitzvah gift,’’ explains Ira, a pudgy...
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Bonuses become a wedge issue in the G20
Bankers' pay has become one of the most ... UK Chancellor Alistair Darling earlier this month pledged ... Even before Tuesday's deal with banks, the French ... "The problem with guidelines is that you apply ... Germany has mostly agreed with France at G20 ... But Merkel has allied herself with French President...
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Harvard Endowment regroups
Jane Mendillo spent her first year as Harvard ... Key to her strategy: selling off some holdings ... "We are looking to have a greater portion ... The Harvard Endowment's shift is the latest example ... Harvard faces the same problem as some other ... But Mendillo also inherited a fund with unique...
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Goldman's trading tips reward its biggest clients
Goldman Sachs research analyst Marc Irizarry's published rating ... The next day, research-department employees at Goldman called ... Every week, Goldman analysts offer stock tips at ... At the meetings, Goldman analysts identify stocks they ... Critics complain that Goldman's distribution of the trading...
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Absolute return funds fall short of their name
Absolute return funds are failing to live up ... Statistics published by data providers Eurekahedge yesterday found ... Absolute return funds are typically long only, although ... Hedge funds, which grant themselves far greater investment ... John Jagerson, an analyst at US investment research...
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More US wealthy opt to surrender their citizenship
Private client lawyers and relocation specialists are reporting ... Although such a move means they have ... Jay Krause, a partner at private-client specialist law ... The level of interest is set to increase ... Because of this, many ultra-wealthy individuals who have ... This implies the quantity of money outside the...
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US hedge fund bucks rivals' trend in financials
Perry Corporation, the hedge fund run by veteran ... The fund, which was established by Perry in ... This finding, from analysis of the firm's regulatory ... However the decision by the New York-based fund ... Each built positions in, or added to existing ... Paulson's buying up of bank shares last quarter...
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Swiss aren't so secret anymore
Now that Swiss banking giant UBS has agreed ... The answer, says UBS chief executive Oswald Grübel, ... "These are the markets where even we are ... For no one is the challenge greater than ... Grubel admits the bank's dispute with the US ... As he speaks, Zurich is in full vacation...
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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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US boutique staff make millions in share sale
Staff at Greenhill and Evercore Partners made nearly ... Managing directors and senior advisers at Greenhill sold ... Goldman Sachs was the sole bookrunner on the ... The following Greenhill employees were among those who ... • Robert Greenhill, founder and chairman: $76m...
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Berkshire logs profit as markets pick up
Berkshire Hathaway's earnings picked up sharply in the ... The Omaha, Nebraska, conglomerate run by Warren Buffett ... Berkshire, like many companies with big financial operations, ... Separately, Buffett recently expressed interest in buying Citigroup's ... Buffett approached Citigroup after receiving a personal appeal...
