134 articles found within the last year.
Displaying results 81 - 100
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Fund industry admits to expertise shortfall for complex products
One in five asset managers admits to having ... Furthermore, 32% of institutional investors who have bought ... "If the fund management industry is to retain ... Less than half of fund managers (42%) said ... Tom Brown, European head of KPMG’s investment management...
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Ospraie and Soros buy US commodities trader
New York hedge fund Ospraie Management has teamed ... The acquisition, which completed on Monday, was made ... The transaction dwarfs the payment by hedge fund ... Phil Irvine, head of advisory at London pension ... Ospraie Management runs about $9bn and its ConAgra ... A filing with the SEC last year showed...
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Carlyle falls short of rivals on report disclosure
The Carlyle Group has become the latest buyout ... The report is designed to ensure the firm ... However, the firm does not give a break ... In comparison, 3i, the UK-listed buyout firm, detailed ... The news comes after Walker last week told ... Carlyle's report shows the group holds $81bn (€52bn)...
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US banks to seek additional $65bn of capital
US banks may be forced to raise an ... In a new report yesterday, Goldman Sachs said ... Goldman analyst, Richard Ramsden, said banks “will not ... He added: "This will make the next round ... The US brokerage said it had lowered its ... Goldman expects the fragile US housing market to...
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Bargain-hunting managers lead revival of interest in US equities
Interest in US equities has increased, surprising investors ... Bob Doll, global chief investment officer for equities ... He said: We expect US stocks to continue ... Rick Bernstein manages the US large-cap value strategy ... However, not all asset managers agree. Some, including...
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Bear Stearns hedge fund managers may face indictments
Federal prosecutors, capping a yearlong investigation, are preparing ... The US Attorney's office in Brooklyn is slated ... The former Bear Stearns managers, Ralph Cioffi and ... At issue is whether the managers intentionally misled ... A spokesman for the US Attorney for New...
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Putnam Investments names new chief executive
Bob Reynolds has joined US fund manager Putnam ... Putnam Investments said Reynolds would become president and ... Jeffrey Orr, chairman of Putnam Investments' board of ... Reynolds said he had known Putnam for more ... Putnam Investments said it manages $175bn (€113bn) of...
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Citigroup to close hedge fund in blow to chief executive
Citigroup is closing a hedge fund co-founded by ... Old Lane Partners has been dogged by mediocre ... Pandit personally reaped at least $165m when Citigroup ... But as the fund struggled, Citigroup was forced ... Citigroup officials considered a plan to replenish Old ... The memo was premature. Citigroup later decided against...
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Lehman property bets are coming back to bite
The stunning $2.8bn (€1.8bn) second-quarter loss Lehman Brothers ... Lehman joined with Tishman Speyer Properties last year ... In both cases, Lehman dove into already heated ... Lehman sold a whopping $7bn in commercial mortgage ... But Lehman is still left with a commercial...
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Battered funds cling to hopes of a recovery
Hedge funds are struggling to shake off their ... Fears are growing that many funds will be ... Michael Hennessy, managing director of investments for North ... MSCI Barra, a data provider that tracks 145 ... Performance recovered a little in April and May, ... The fixed income relative value arbitrage strategy, which...
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UBS Considering Divulging American Private Bank Clients Names - NYT
Swiss banking giant UBS AG is considering whether ... The paper says Federal investigators believe some of ... The Times says new revelations are likely to ... UBS immediately available for comment. ... -Zurich Bureau, Dow Jones Newswires; +41 43 443...
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Millionaire confidence rises
US Millionaire confidence towards investing rose slightly in ... The millionaire investor index rose 5 points, to ... Last month the index hit a record low ... The affluent investor index measures the outlook of...
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UBS Hires Ex-Goldman Sachs Financial Advisor
UBS Wealth Management US, a unit of UBS ... On Friday, Nigro joined UBS and will report ... A UBS spokeswoman confirmed Nigro's move, but declined ... According to Financial Industry Regulatory Authority records, Nigro ... -Brett Philbin, Dow Jones Newswires; 201-938-5393; brett.philbin@dowjones.com ...
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UBS Wealth Management in strategic tie-up with US property firm
Thomas Properties Group, Austin's biggest office landlord, on ... UBS Wealth Management, an arm of UBS is ... Under the terms of the agreement, Thomas Properties...
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Losses push Lehman to weigh raising new capital
Lehman Brothers, set to report its first quarterly ... The exact amount of the capital hike isn't ... On Monday, shares in the 158-year-old firm fell ... Lehman is Wall Street's smallest independent firm now ... In the past year, Lehman has raised $6bn ... Nonetheless, some investors remain concerned that relative to...
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Wachovia hires BNY Mellon veteran for wealth unit
Wachovia has hired Thomas Scaturro, a Bank of ... Scaturro was managing director and head of sales ... The recruitment is part of an attempt on...
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GenSpring Family Offices appoints president for regional office
GenSpring Family Offices, the wealth management firm for ... Mark Feldman remains as chairman of the Phoenix ... Dozer was most recently co-founder and a managing...
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US exchange pay soars
Executive compensation rose at all the largest US ... Niamh Alexander, an analyst at KBW, said in ... Alexander said last year’s pay increases were driven ... NYSE Euronext was the only exchange covered by ... NYSE chief executive Duncan Niederauer is eligible for ... Last year, Jean-François Théodore, deputy chief executive of...
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Say-on-pay doesn't play on Wall Street
Blunders and bad luck have cost shareholders of ... At Citigroup, JP Morgan Chase, Merrill Lynch and ... In contrast, shareholder backing of nonbinding say-on-pay proposals ... "The momentum for say-on-pay at financial companies has ... Explanations for the laissez-faire attitude toward executive compensation...
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Sub-prime lawsuits to rise as regulators probe Wall Street
Litigation involving securities and mortgage fraud in the ... According to an April report from accountants PricewaterhouseCoopers, ... The total number of securities cases jumped to ... The report said the Federal Bureau of Investigation, ... A task force of federal and regional regulators...
