134 articles found within the last year.
Displaying results 21 - 40
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SSgA appoints global CIO
State Street Global Advisors, the funds arm of ... SSgA has promoted Richard Lacaille to the newly-created ... Lacaille, who joined SSgA in 2000, has held ... He will continue to be based in London, ... Powers said in a statement: “We conducted an ... Lacaille was not immediately available to comment. ...
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Concern rises among wealthy investors over AIG money market fund
Anger is mounting among wealthy investors over prospective ... Their irritation coincides with the publication of a ... AIG investors blamed their advisers for putting them ... AIG expects to start paying back half the ... Those who redeem the rest of their money ... Criminal lawyer Joseph Hill has attracted 70 investors...
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Losses and fraud allegations force Swiss hedge fund to wind down key funds
Gottex Fund Management, the $15.6bn (€11.1bn) fund of ... The Switzerland-based manager cited poor investment performance and ... Gottex has also struck difficulty in another of ... Gottex said in a statement: "As soon as ... Petters has been at the centre of a ... Gottex's asset-backed lending fund predominantly invests in hedge...
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Swiss hedge fund confirms exposure to US company under investigation
Switzerland's Gottex Fund Management has confirmed some of ... The $15.6bn (€11.1bn) manager said, in aggregate, its ... The situation is a blow to an investment ... Asset-based lending hedge funds have been particularly popular ... A unit within Petters Group Worldwide at the...
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Paulson breaks record as returns defy downturn
Hedge funds run by US manager John Paulson, ... Investors said the Paulson Advantage Plus fund was ... The hedge fund industry as a whole was ... Paulson's Advantage fund was up 13.22% for the ... Paulson turned a $500m investment in its Credit ... Paulson & Co as a whole managed $35bn...
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One thousand hedge funds scramble for new prime brokers
At least 1000 hedge funds, one in eight ... More than one-fifth of those trying to move ... The figures come amid moves by Olivant, an ... Prominent hedge fund managers including the UK's Augustus ... Sameer Shalaby, chief executive at Paladyne Systems, said ... He said many funds with just one prime...
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Neuberger hopes new owners 'will keep hands off'
The management of US wealth manager Neuberger Berman ... Henry Ramallo, a managing director and senior portfolio ... Ramallo was speaking at a conference for clients ... He added that he would like less of ... Bain Capital and Hellman & Friedman said they ... The price is significantly lower than the $7bn...
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Wells Fargo eyes Wachovia
Wachovia, which catapulted to the top of the ... Wachovia was also holding talks with Citigroup, but ... The Wachovia developments came the same day that ... San Francisco-based Wells Fargo has sent mixed signals ... Earlier this month, though, Wells Fargo Chairman Richard...
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Banks and brokers receive record private equity investment
Private equity firms invested $5.5bn (€3.7bn) in seven ... Deals so far this year include TPG’s $2bn ... There was a $4.5bn across 11 investments in ... The growth of investment in the banking sector ... Distressed banking investments include TPG’s WaMu capital injection...
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UBS shares rise on HSBC merger talks
HSBC is reportedly considering bidding for embattled Swiss ... The rumour mill is churning that the global ... UBS' share price jumped 4.56% to SFr21.00 at ... This is not the first time speculation over ... Last week the bank's share price was influenced ... UBS said in its most recent quarterly report...
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Sub-prime hedge fund king reveals UK bank shorts
US hedge fund manager John Paulson, whose company ... Paulson added in a regulatory statement: “Our short ... In regulatory filings required by UK regulator the ... Paulson’s short positions range between 0.9% of the ... Paulson declined to comment. ... Paulson announced recently he was establishing a fund...
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SEC protects hedge fund GLG from shorting
GLG Partners, the UK hedge fund manager listed ... NYSE-Euronext, the company that runs the New York ... It said: "The SEC has informed us that ... "Companies that were on the original list, or ... GLG, one of the largest hedge fund managers ... Hedge fund managers have complained about the imposition...
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GLG goes to court over Lehman US sale
London hedge fund GLG Partners has filed an ... The hedge fund filed the objection in an ... The cash was transferred to help boost the ... GLG, which has $23.7bn (€16.1bn) in assets and ... Lehman Brothers filed for bankruptcy protection last week, ... GLG said it did not "in principle oppose...
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Sevilla-Sacasa at centre of the world's biggest wealth manager
Frances Aldrich Sevilla-Sacasa, head of Bank of America’s ... A former colleague of Sevilla-Sacasa at Citigroup said: ... The 52-year-old was appointed to her latest position ... At the time of Bank of America’s acquisition ... But Sevilla-Sacasa appears to have done better than...
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Bank of America ponders its wealth supremacy
Bank of America’s $49bn (€33.8bn) bid for Merrill ... One adviser told Dow Jones Newswires: “I’m devastated ... As the hours passed, another said: “The phones ... However, advisers soon expressed relief that uncertainty over ... They expect Merrill’s head of wealth, Robert McCann,...
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New Yorkers put on a brave face during financial meltdown
New York Mayor Michael Bloomberg has a unique ... Merrill Lynch was the first Wall Street bank ... According to the New York Times, Bloomberg was ... September 11 is always a difficult time for ... Last week the mayor was due to give ... Lehman had also moved into its current headquarters...
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Hedge funds pour scorn on UK shorting ban
The hedge fund industry has reacted angrily to ... The Financial Services Authority board, under chief executive ... Callum McCarthy, chairman of the FSA, said in ... McCarthy said the FSA will make an exception ... The ban is intended to create "a calming ... The action is similar to Wednesday's move by...
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ECB: International central banks move to improve global dollar liquidity
International central banks Thursday announced new coordinated measures ... The central banks involved in the coordinated moves ... The ECB said it will offer overnight dollar ... In addition, the ECB said it would widen ... "Overall, the dollar funding operations conducted by the...
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Goldman defends independent model as profits drop 71%
Goldman Sachs' chief financial officer said performance is ... David Viniar said on a conference call said: ... Viniar said that since going public the bank ... Questions have been raised over the remaining independent ... Viniar said Goldman's commercial banking competitors need to...
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Assets under management fall at GSAM
Goldman Sachs Asset Management reported a fall in ... Net revenues of $1.13bn for the period were ... Goldman Sachs' assets under management fell by 4% ... Lloyd Blankfein, chairman and chief executive officer, Goldman ... Blankfein said the bank had produced a solid ... The group saw outflows of $7bn from money...
