Tag Archives: arthur-sulzberger
David Geffen loses bid for stake in New York Times
PerthNow – Mr Geffen tried to acquire a 19 per cent stake in the New York Times Company that was held by Harbinger Capital Partners, the activist hedge fund, but was rebuffed, it emerged overnight. Since 1896, the newspaper has […]
Goldman’s Hedge Funds Business A Bright Spot In Down Year
CNN Money – Hedge funds may be struggling and closing up shop in the current market environment, but Goldman Sachs Group Inc. (GS) was able to make more money tending to the funds’ needs this year than last. The company, […]
Hedge Fund Roach Motels Might Just Be a Blessing
Bloomberg – The financial crisis is imposing heavy burdens on the hedge-fund industry, and the strain has become more visible. By the end of last week, about 100 hedge funds imposed restrictions on withdrawals. Many funds have become financial roach […]
Hedge Fund Tracking: Andreas Halvorsen’s Viking Global, Q3 2008
Seekingalpha.com This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. Next up, we have Andreas Halvorsen’s Viking Global. Andreas Halvorsen is one of the many ‘Tiger Cub’ fund managers we cover here on the blog. […]
A New Track for Private Equity
The major broker-dealers have been decimated, with only Morgan Stanley and Goldman Sachs remaining independent and solvent. There are daily fears of hedge funds facing the equivalent of a bank run, as investors scramble to withdraw their cash. Those private-equity […]
Rivals bet against Morgan Stanley in September
Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal said, citing trading records. The firms included Merrill Lynch & Co, […]
Duff Puts Plans on Hold as Hedge Funds Suffer
New York Times Blogs – Duff Capital Advisors has recently laid off dozens of its employees and is holding off on its plans to raise as much as $1.5 billion just eight months after the hedge fund firm began business, […]
Citigroup eyes options, including merger
Reuters – Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor. The second-largest […]
M. Stanley Asia prime broker head leaves-source
CNBC – The head of Morgan Stanley’s prime brokerage arm in Asia, Kurt Baker, has left the firm amid the slump in Asia’s hedge fund industry, a source with direct knowledge of the situation said on Wednesday. A spokesman for […]
Long-only funds to dominate shareholder mix
Reuters – Traditional long-only mutual funds are set to dominate shareholder registers again as the hedge fund industry shrinks and retail investors continue to stay away, according to Morgan Stanley. Meanwhile, with institutions, including hedge funds, deleveraging aggressively, emerging markets […]
Wealth managers fret as the rich turn away from them after losses
Times of India – Can the wealthy trust their wealth managers any more after losing 30 to 60% of their wealth during the current global financial crisis? The world’s top banks including brands like Morgan Stanley, UBS, Barclays and Standard […]
