163 articles found within the last year.
Displaying results 121 - 140
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Market slide threatens fresh woe for fund managers
The 22% fall in world equity markets since ... Robert Lee and Larry Hedden, who cover listed ... Analysts at Goldman Sachs, in their most recent ... They cut forecasts and price targets for the ... KBW's team were in agreement, sceptical on retail ... Institutional investors, though equally alarmed at the deterioration...
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What's in a name? For some hedge funds, apparently quite a lot
Most hedge funds failed last year to do ... "If a manager says his fund does what ... However last year portfolios called D'Best and Global ... The computer-driven Global Wealth Class B fund was ... He told investors: "A down month after five ... The 136% return from Zentrender fund, whose manager...
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UBS rises after settlement, deal cheaper than expected
Shares in UBS rose Thursday after the bank ... At 0846 GMT, UBS shares were Sfr0.41 higher, ... The bank had already moved to shut the ... "The decision by UBS is a landmark and ... The settlement of $780m is far less than ... "It is very positive for UBS to have ... --Write to Katharina Bart, Dow Jones Newswires; +41...
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Comment: CDS market draws unjust fire
Warren Buffett called derivatives weapons of mass destruction, ... A barely regulated market that swelled to notional ... To be sure, some fine-tuning is necessary. Limits ... But the CDS mayhem predicted after the collapse ... The signs are not encouraging. Draft US legislation...
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Hard lessons from Yale and Harvard
Diversify or be damned has been the gospel ... The endowment funds of US universities Yale and ... But in the past year, investors have discovered ... In many cases, the diversification that was meant ... According to an investment strategist at a large, ... Others argue it would be wrong to make...
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T-Bone with T. Boone whets the appetite
A charity auction for a steakhouse lunch with ... The auction ran for 10 days until 23:00 ... The winning bid of $125,000 was placed 25 ... Charlies Pierson, chief executive of Big Brothers Big ... Only one bid had been placed until the ... Pickens founded oil firm Mesa Petroleum in 1956,...
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Ken Clarke loses hedge fund advisory role
Two prominent European politicians have left Centaurus Capital ... Kenneth Clarke, the former UK Chancellor of the ... The pair are leaving the US hedge fund ... According to the most recent figures available, Centaurus' ... Kenneth Clarke did not return calls for comment....
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Tiger 21 investment club members become pussycats
Wealthy US investors are becoming more cautious. They ... Tiger members fleeing investment risk are ditching their ... Michael Sonnenfeldt, founder and chairman of Tiger 21, ... “Nearly 18 months later since the downturn started, ... Tiger 21 members, numbering 160 individuals, each worth...
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Top wealth manager avoids the turmoil
Frances Aldrich Sevilla-Sacasa may be among the best-known ... Her departure follows Bank of America’s decision to ... Some of Sevilla-Sacasa’s former colleagues at US Trust ... Headhunter Jeff Rankin, chairman of recruitment consultancy The ... He warned: “To resurface at that level, they...
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Wealthiest US investors ditch hedge funds
Wealthy US investors are pulling out of hedge ... Michael Sonnenfeldt said his members cut their portfolio ... He said: “This move out of hedge funds ... The depth of feeling towards hedge fund managers ... The trend contrasts with the way ultra wealthy ... Nicolas Sarkis, managing partner of multi-family office AlphaOne...
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Wall Street bonuses: It’s every man for himself
Bonus season always brings out the worst in ... But now there are little to no profits, ... As Meredith Whitney said today on Bloomberg Television, ... Investment bankers, it is fair to say, feel ... And Tuesday, a Bank of America Merrill Lynch ... And generous bonuses aren’t going just to Merrill’s...
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Slim Pickens for T. Boone power lunch
An online auction for lunch in a Dallas ... The auction, which will run to Thursday February ... Pickens founded oil firm Mesa Petroleum in 1956, ... The lunch will be for the winning bidder ... Main courses on the menu include a 26 ... One restaurant critic from local newspaper Dallas Observer...
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Strict executive-pay caps planned
President Barack Obama plans to unveil a series ... Among the new restrictions being considered is a ... The Obama administration also plans to ban chief ... The potential changes amount to one of the ... The administration's tighter restrictions won't apply to any ... "There are mechanisms in place to make sure...
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Was John Thain right about Merrill Lynch bonuses?
Former Merrill Lynch chief executive John Thain was ... Deal Journal has reviewed the private bonus agreement ... It is technically a non-public schedule that is ... The nuts and bolts of Merrill’s year-end bonus ... “The form and terms and conditions of the ... What Bank of America knew about $4bn in...
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Flying high, cautiously
Nearly a decade ago, when he heard the ... "There are many ways to regain control of ... Last year, his Argonaut Aggressive Global Partnership fund, ... That was hardly an outlying performance. The New ... Global macro funds search for investment trends in ... This is a big factor driving the fund's...
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Paulson wins again as RBS slide adds £30m
Assets belonging to John Paulson, the US hedge ... RBS’ shares plummeted by 67% yesterday, closing at ... The UK bank was worth £5.2bn by 10:00 ... By the end of last Thursday, when the ... The profits made on RBS’ share fall add ... Shorting involves selling borrowed shares in expectation their...
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Goldman finds a way to dole out cash
Goldman Sachs traders, investment bankers and other employees ... This week, some of the roughly 30,000 employees ... Translation: Cash-strapped employees now can use their Goldman ... A Goldman spokesman says the move is aimed ... The $4.8bn (€3.6bn) fund was raised in 2007...
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Help wanted: Wall Street stockbrokers, no joking
With investment bankers desperate for deals and traders ... While Morgan Stanley and Citigroup are still negotiating ... Citigroup's board Monday morning blessed the deal in ... While some key details still need to be ... At Morgan Stanley, for example, the unit that ... Another sign of the resilience that brokerage operations...
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US government seeks to move Madoff to jail
The US government has asked a New York ... The government's petition in the US yesterday stated ... He is alleged to have told his sons ... The US government said Madoff allegedly mailing family ... "The defendant has admitted to perpetrating one of ... The petition said there remained the potential for...
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Funds of funds take drastic steps to cope with Madoff
Funds of hedge funds entangled in products managed ... Nicola Horlick, manager of fund of funds Bramdean ... Bramdean had about 9.5% of its assets in ... Separately another feeder fund into Madoff, Fairfield Sentry, ... Investors have initiated a class action in New ... Another US fund which invested money with Madoff...
