134 articles found within the last year.
Displaying results 41 - 60
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For Canary Wharf, bank crisis hits home
Canary Wharf has been on a roller-coaster ride ... The bankruptcy of Lehman Brothers is threatening more ... Adding to the concern: If Lehman defaults on ... If Lehman vacates the building, it would be ... "Even if Lehman survives it won't occupy nearly ... Canary Wharf today is home to some of...
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Hedge fund cash holdings at all-time high
Hedge funds have increased their cash assets to ... US investment bank Citi has estimated in research ... Matt King, global head of credit products strategy ... Hedge fund managers have increased their cash positions ... King said: "The growing likelihood of redemptions has...
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London and New York stand to suffer
The blast furnace known as the finance industry ... Both cities have relied heavily on the securities ... At the Thomas Pink store on Wall Street, ... New York developer Mario Procida is also concerned; ... Even before the weekend, the financial-services industry had ... Jobs in financial services tend to be more...
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Wealth advisers on the lookout for Native American money
After centuries of being marginalised, Native American tribes ... The Florida-based Seminole tribe’s $965m (€683m) acquisition of ... Jeff Carey, head of Merrill Lynch’s Native American ... Merrill Lynch began offering private banking services to ... Rival banks have also built teams to tackle...
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Lehman's Neuberger Berman sale to go ahead
Lehman Brothers Holdings is still soliciting bids for ... Speaking at the weekly meeting of Lehman Brothers ... Lehman expected to receive five bids from for ... One person said that CVC Capital Partners was ... The auction was originally for a 55% stake ... On Monday, Meissner said the whole business was...
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US regulation not keeping up with thirst for alternatives
The US Department of Labor has been urged ... The Government Accountability Office, the audit, evaluation, and ... In a report released yesterday, the organisation stated: ... The office identified the various risks associated with ... It recommended the government department issue guidance specifically...
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Hedge fund posts 'for sale' sign on internet
A once-discreet hedge fund has posted its own ... Shane Rodgers, managing director of Signal Hill, posted ... The firm, which said it was registered with ... Rodgers, who could not be reached for comment, ... Rodgers' advertisement noted: "Serious investment enquiries only."...
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Voicing support, clients still move to pare back risks
Trading counterparties and clients of Lehman Brothers were ... Across Wall Street, the consensus was that Lehman ... On Wednesday, Goldman Sachs, Merrill Lynch, Morgan Stanley, ... Chief on some traders' minds was Lehman's credit ... The large US rating services are all reviewing...
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Street firms accused of tax scheme
Some of the US' biggest investment banks and ... The year-long probe, which relied in part on ... Some of the internal emails show that bank ... The report is scheduled to be released Thursday ... The report is critical not only of banks ... Foreign investors, such as offshore hedge funds, are...
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Mean Street: Why Lehman Brothers doesn’t matter anymore
Yesterday’s precipitous 45% decline in the shares of ... Today in the papers and on TV, it’s ... So it would be easy to think the ... In the scheme of things, Lehman Brothers doesn’t ... And judging by today’s trading action, Wall Street ... What is Lehman Brothers today?...
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Blackstone hires Goldman MD to run European funds unit
The $31bn (€21.9bn) fund of hedge funds unit ... Olivier Meyohas has joined from Goldman as a ... He will replace Gideon Berger, who has led ... Meyohas spent 16 years at Goldman Sachs, where ... He will join about 120 staff at Blackstone ... A global survey of 99 investment managers by...
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Hedge funds look to profit from banks' recovery
Prominent hedge fund managers are seeking to profit ... Alistair Lumsden, manager of the CQS ABS fund ... The manager, whose fund invests in areas including ... Lumsden had said last year that this trade ... Lumsden said the CQS ABS fund was also ... He added that there were also opportunities emerging...
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Credit Suisse 'auction' brokers are charged
A federal grand jury in Brooklyn indicted ... The 12-page indictment describes how the brokers, Julian ... The brokers made it appear as if the ... The criminal case brought by prosecutors in the ... Two former Bear Stearns hedge fund managers were ... Tzolov, 35 years old, is expected to return...
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Credit Suisse to buy US asset management financier
Investment bank Credit Suisse is tapping into asset ... Credit Suisse will issue $384m worth of shares ... AMF, founded in 2003 by chief executive Norton ... "AMF’s investments effectively transfer business risk to AMF ... Brian Finn, chairman of Credit Suisse's alternative investments...
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Asset managers take short term view on performance
Investment professionals at over two thirds of US ... The report by consultants Cerulli Associates is based ... Benjamin Poor, a director at Cerulli, warned: "Short-termism ... "Compensating employees based on longer term performance rewards ... The report, titled Best Practices for Portfolio Management...
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Hedge fund lender files for bankruptcy
US hedge fund SageCrest Finance, which makes short-term ... The fund, managed by Connecticut's Windmill Management, is ... This is despite the fact that the strategy ... On its website, the fund described its investment ... It stated: "Our position in a market where ... However, its Chapter 11 bankruptcy protection filing comes...
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Oil prices drag energy hedge funds down in July
Sharp reversals in the price of oil in ... Peter Laurelli, vice-president of US-based data provider HedgeFund.net, ... In the seven months to July 31, hedge ... The barrel price of Brent crude to July ... Brent crude was trading at $111.10 a barrel ... Funds investing in some emerging markets economies that...
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Goldman balks at helping rich clients recover from 'auction rate' securities
For once, Wall Street isn't bending over backward ... That is causing new controversy for investment banks, ... The quandary is acute for Goldman Sachs, which ... Goldman was a key player in the auction-rate ... Carl Everett, an adviser to venture-capital firm Accel ... "The firm has been working with clients to...
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Pressure grows for big changes at UBS after write-downs, buyback, tax probe
When Marcel Ospel was forced out as chairman ... Now, as UBS prepares to announce its second-quarter ... The pressure is growing to make some radical ... The bank's write-downs on bad credit investments are ... A settlement was announced Friday with US regulators ... The bank's private-banking business is fighting to keep...
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Trader lands $300m to stay put at Fortress
Eager to keep one of its key employees, ... Levinson, who also is the chief investment officer ... Fortress has struggled mightily in its 18 months ... Levinson's windfall - which was alluded to in ... But public firms also answer to shareholders, who ... In a research note Thursday, Citigroup analyst Prashant...
