Tag Archives: arthur-sulzberger
Icap slumps as barometer reflects banks troubles
Times Online – Some called it chutzpah. Some were more charitable, describing it as an exercise in putting on a brave face. Whatever it was, Michael Spencer’s claim that it was business as usual at Icap, when that company handles […]
Fearing financial trouble hedge funds flee Morgan Stanley
Hindu Business Line – Worried that global financial services provider Morgan Stanley may land into financial troubles like Lehman Brothers, several hedge funds fled the bank resulting in a loss of billions of dollars in its prime brokerage business last […]
Wild markets bring turmoil to hedge funds
Boston Globe – Hedge funds usually thrive when markets turn volatile. But even these fast-money investors are struggling to cope with the wild swings in the markets, raising concern that some may not survive. Even before the Bush administration proposed […]
SEC Pushes Hedge Fund Oath in Manipulation Probe
Bloomberg – The U.S. Securities and Exchange Commission, seeking to jumpstart a hunt for suspected manipulation of financial stocks, will require hedge fund managers, brokerages and institutional investors to describe under oath their bets on the firms. Investors with “significant” […]
European hedge funds hit by market turmoil
Reuters Paris – European hedge funds have had a bad week due to the market turmoil from the bailout of AIG and the collapse of Lehman Brothers, the co-founder of French fund of hedge fund manager ERAAM said on Thursday. […]
SEC May Require Hedge Funds to Reveal Short Positions
Bloomberg – The U.S. Securities and Exchange Commission may require hedge funds to disclose their short-sale positions and plans to subpoena the funds’ communication records in an effort to stem turmoil in stock markets. Hedge funds and investors managing more […]
Funds Flee Morgan, Goldman for JPMorgan
New York Post – The JPMorgan Chase CEO is seeing the coffers of the bank he runs being filled with "billions of dollars a day" coming from hedge funds that have pulled their cash from Morgan Stanley and Goldman Sachs, […]
Morgan Stanley weighing possible merger
Reuters Singapore – U.S. investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, given the recent turbulence in the company’s share price, broadcaster CNBC reported on Wednesday. Morgan Stanley officials were not in […]
Hopes and fears mix at hedge fund conference
Reuters UK – "Does anyone know what is happening with the markets?" former U.S. Treasury Secretary Lawrence Summers asked after stepping out of his car and into a hedge fund industry conference in Connecticut on Tuesday. And he wasn’t the […]
Probe Says: IRS, Major Banks Helped Offshore Hedge Funds Avoid Billions in Taxes
New York (HedgeCo.Net) – A year-long probe launched by a U.S. Senate Committee has discovered that numerous Wall Street banks have assisted offshore hedge funds in evading millions of dollars in U.S. taxes. The Permanent Subcommittee on Investigations has concluded […]
Senate report: Investment banks helped foreigners evade millions in US stock dividend taxes
Los Angeles Times – Big Wall Street investment banks have designed and marketed schemes enabling non-U.S. taxpayers, including offshore hedge funds, to evade millions of dollars in taxes each year on U.S. stock dividends, Senate investigators have found. Some banks […]
Candidates Must Decide on Government Role in Financial Markets
New York (HedgeCo.Net) – The recent controversial moves of Henry Paulson and the U.S. Treasury have Washington divided not only on the future of Fannie Mae and Freddie Mac, but on government’s new role in the U.S. mortgage market. […]
