163 articles found within the last year.
Displaying results 61 - 80
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Meriwether to shut hedge fund after heavy losses last year
John Meriwether, the trader who founded Long Term ... Meriwether is shutting down the flagship hedge fund ... This period included the fund's worst ever run ... By February, such damage meant investors who put ... Managers who also followed Meriwether's strategy of aiming...
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Hedge funds still high priority for traditional managers
Nearly half all traditional asset managers list expanding ... About 45% of traditional asset managers surveyed by ... The research comes after the hedge fund industry ... Hedge funds had also made 9.4% this year ... Morten Spenner, chief executive at fund of hedge ... Aspiring hedge fund managers are already seeking to...
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Och-Ziff funds post gains in June but assets drop
Publicly traded hedge fund manager Och-Ziff Capital Management ... In a regulatory filing made yesterday, Och-Ziff said ... That is despite a 2.16% gain for the ... Och-Ziff's Asia Master Fund was up 13.28% for ... Och-Ziff has been hit hard by redemptions because ... Typically, hedge fund managers will see more redemptions...
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'Glass is half full' for IPOs in second half
A rise in the number of initial public ... There were 11 US public offerings in the ... Daniel Cummings, co-head of equity capital markets for ... “The second half will be very different and ... Six of the 11 deals in the second ... The third quarter began yesterday with the public...
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Ex-UBS banker founds cleantech boutique
A former co-head of investment banking at UBS, ... Jeff McDermott has founded Greentech Capital Advisors, which ... McDermott left UBS in March 2007 after six ... In that year he predicted UBS would top ... After leaving UBS, McDermott co-founded distressed investor Stony...
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Beware the Wall Street salary monster
On Wall Street, bonuses are out, bigger salaries ... JP Morgan Chase is the latest bank to ... Deal Journal asked Kerry Sulkowicz, a clinical professor ... Deal Journal: Is it a good idea to ... Kerry Sulkowicz: It seems like a transparent way ... DJ: How should Wall Street try to retain...
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SFO freezes Stanford assets at London banks
The UK Serious Fraud Office has obtained a ... According to a statement released today, the SFO ... The statement said that the funds were allegedly ... Richard Alderman, director general at the SFO, said: ... The freezing of assets follows news that Stanford ... US District Judge David Hittner listened to new...
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Seven ways to avoid a 'Madoff moment'
A former investment banker and hedge fund manager ... Rick Bookstaber, who previously worked at Salmon Brothers ... His list makes a number of references to ... Bookstaber’s seven indicators that all may not be ... 1. No independent risk reporting. ... “One lesson that has been driven home from...
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Jefferies sued over UBS healthcare raid
UBS has sued Jefferies after the head of ... UBS has the action against Jefferies, Benjamin Lorello, ... Lorello and Kelly became disillusioned with senior management ... The Swiss bank said in the filing that ... Court documents said: "Since at least March 2009, ... Since 2005 UBS’ healthcare group has earned more...
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Withdrawal limits remain despite hedge funds' rise
When markets slid late last year, many hedge ... Fund managers argued that last year's clampdown was ... Six months later, things look a lot different: ... The market rebound means many assets are easier ... Among funds that continue to tie up investor ... "There is a feeling that some managers are...
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Deutsche chiefs call the bottom for banking fees
Senior bankers at Deutsche Bank in the US ... During the tail end of the boom, between ... This monthly average fell to €3.4bn between August ... However, since March there have been three consecutive ... Jim DeNaut, head of global banking Americas at ... “We hope to see more financing activity in...
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The blogs: Wall Street’s reckless millionaires handed a free pass
William Cohan, the former senior investment banker turned ... • Cohan, author of The Last Tycoons: The ... He said: “But until Obama & Co. get ... • Felix Salmon at Thomson Reuters writes that ... He said: “But in order to get some ... Or, to put it another way, FOSC =...
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'Great Depression' markets force Cantillon to close funds
London-based Cantillon Capital Management has shut its two ... Cantillon is shutting its European and global short/long ... The decision will leave the firm with $1.1bn ... Cantillon recently hired Suzie Proctor from peer Lazard ... A source close to Cantillon said its managers...
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Morgan Stanley considered ditching investment arm
Morgan Stanley considered appointing a high-level asset manager ... Roger Freeman, an analyst at Barclays Capital, met ... Freeman said in a report: “Acknowledging the continued ... At a conference in February, Colm Kelleher, chief ... In its first quarter results for this year...
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Deutsche alumnus launches billion-dollar hedge fund
An alumnus from Deutsche Bank has raised the ... Arvind Raghunathan, former head the global arbitrage business ... Roc Capital is the biggest launch for several ... One London investor in hedge funds said: "This ... One fund of funds manager added: "The average ... Other very large fund launches recently have not...
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How the Rolodex wins the deals at BlackRock
When your house gets flooded, you ring a ... When he left investment bank First Boston to ... Later, however, he discovered he could grow his ... The deal, which also involves the purchase of ... The Government Investment Corporation of Singapore and the ... Perhaps Fink wanted to check out Mansour's reasons...
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News Analysis: How the world's largest asset manager will shape up
BlackRock and BGI are set to merge, creating ... The two asset managers are primarily focused on ... Combining the two companies' assets, based on their ... At the time fixed income assets accounted for ... At BlackRock, 43% of its assets were in ... At Barclays Global Investors, 53% of its assets...
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Jefferies hires UBS trading team
Jefferies has made six new hires to its ... The New York-based bank has appointed Jatin Suryawanshi ... Healey and Gibbons join as senior vice-president and ... Suryawanshi, Sarker, Girdhar, Healey and Libien all join ... The new hires follow a period of aggressive ... It has also added six staff to its...
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US philanthropy suffers biggest fall in 50 years
The amount of money being donated to charitable ... US philanthropists donated a total of $307bn (£184bn) ... The figures are published in a report by ... Del Martin, chairman of the group, said: “It ... Two thirds of charities receiving donations said they ... Charity from businesses was the hardest hit. Corporate...
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Christian investors bring campaign to Europe
One of the US' most activist investors, which ... Christian Brothers Investment Services, which runs $3bn (€2.1bn) ... It has hired the Scottish manager Martin Currie ... The firm, which hires professional asset managers to ... It has voted against company management 70% of...
