Category Archives: Syndicated
Blackstone and KKR eye Lehman assets
Reuters – Blackstone and Kohlberg Kravis Roberts & Co are each looking to buy parts of Lehman’s real estate and asset management units, sources familiar with the situation said on Friday, sparking a broad rebound in financial stocks. The real […]
Swiss to lower tax burden for hedge funds
Reuters – Switzerland plans to ease the tax burden for hedge funds and private equity funds and soften regulations for investment funds in a first step to boost its standing among other financial centres. The goal is to get the […]
US hedge fund Fairfield, Swiss private bank merge
Reuters – U.S. hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their combined assets under management to more than $18 billion. The deal will allow Fairfield’s clients to access Banque Benedict Hentsch’s (BBH) […]
Wall St and funds urge SEC to keep ratings in rules
Reuters – Securities regulators are locking horns with some of the U.S.’s most powerful mutual funds and Wall Street players over plans to scrap requirements that money market funds hold investment-grade securities. For years, the Securities and Exchange Commission allowed […]
Major hedge fund set to leave London for lower Swiss taxes
Evening Standard – Krom River, which has £453 million in assets, said it was moving to Switzerland, known for its low tax regime. The fund is one of the few to perform well in the credit crunch and would see […]
Executive leaves hedge fund Citadel
Reuters – A Citadel Investment Group LLC executive who ran an unprofitable credit investment group for the large hedge fund company has resigned, a person familiar with the matter said on Friday. Joe Russell, who was instrumental in making Citadel’s […]
‘Goldfinger’ makes comeback with launch of $5bn hedge fund
Telegraph.co.uk – Mark McGoldrick, a former Goldman Sachs trader whose track record earned him the nickname ‘Goldfinger’ during his career with the Wall Street bank, is making a comeback with a new $5bn (£2.8bn) fund. McGoldrick, who famously earned $70m […]
Hedge fund ups stake in Cablevision again
Business Week – A hedge fund known for shaking up underperforming companies has increased its stake in Cablevision Systems Corp. to 9.1 percent, according to a regulatory filing Thursday. Harbinger Capital Partners now owns more than 21 million shares of […]
Lone Star may sue South Korea government on KEB deal
Reuters – U.S. private equity house Lone Star is seriously considering suing the South Korean government if it delays approval beyond September of the firm’s $6.3 billion sale of shares in a local bank, a newspaper reported on Friday. English […]
Brother of Bayou’s Marino Pleads Guilty to Helping Hide Fraud
Bloomberg – The brother of former Bayou Group LLC finance chief Daniel Marino, who is serving 20 years in prison, pleaded guilty to a federal charge that he helped conceal a $400 million fraud at the bankrupt hedge-fund firm. Matthew […]