Tag Archives: billions of dollars
Lewis Faces More Merrill Queries as $33 Million Accord Delayed
Bloomberg – Bank of America Corp. Chief Executive Officer Kenneth Lewis faces more queries about his purchase of Merrill Lynch & Co. after a federal judge refused to approve a $33 million settlement of a lawsuit over bonuses. The bank […]
Big oil speculator defends practice in Washington
The Daily Advertiser – John Hyland’s funds control billions of dollars that flow in and out of energy markets, making him one of the biggest oil speculators in the world and also one of the biggest potential targets for federal […]
Meriwether Said to Shut JWM Hedge Fund After Losses
Bloomberg – John Meriwether, who roiled global markets when Long-Term Capital Management LP collapsed in 1998, plans to shut his current hedge fund, according to a person familiar with the matter. JWM Partners LLC is closing its main Relative Value […]
Hedge funds, private equity brace for U.S. reports
Reuters India – Hedge funds, private equity firms and other investors are scrambling to meet a looming deadline to report their offshore income, as U.S. tax collectors boost efforts to track foreign holdings. The reports will give authorities a glimpse […]
Hedge Funds’ ‘Dangerous Opponent’ Rasmussen Pushes EU Crackdown
Bloomberg – Buyout firms and hedge funds, “Read my lips: You’re going to have regulation.” So says Poul Nyrup Rasmussen, the Socialist Party president who conducted a two-year campaign for the first European Union regulations governing so-called alternative investors. Hedge […]
Man linked to Madoff to yield control of funds
Denver Post – J. Ezra Merkin, a hedge-fund manager who invested billions of dollars of clients’ money with swindler Bernard Madoff, has agreed to relinquish control of his funds to court-appointed trustees. The attorney general’s office had requested the move […]
Why Isn’t There A Hedge Fund Bailout?
Atlantic Online – For all the talk these last few years about the risks to investors of "secretive, unregulated" hedge funds, they certainly haven’t turned out to be the big problem, have they? Thousands of hedge funds lost, in the […]
Funds Tied to Madoff in Legal Vise
Gainesville Sun – As Bernard L. Madoff waits in jail to be sentenced, legal problems are accumulating for some of the hedge fund managers who helped him raise billions of dollars from around the world for what he now admits […]
Obama’s Interview on ‘The Tonight Show’ / regarding hedge funds and AIG
FOXNews – MR. LENO: Tell people what happened. I know people have been over it, just — MR. OBAMA: Well, look, here’s what happened. You’ve got a company, AIG, which used to be just a regular, old insurance company. Then […]
Hedge Funds That Bet Against Housing Market May Get AIG Cash
Wall Street Journal – Some of the billions of dollars that the U.S. government paid to bail out American International Group Inc. stand to benefit hedge funds that bet on a falling housing market, according to people familiar with the […]
High-flying fundraisers who saw nothing wrong
Guardian Unlimited – Andres Piedrahita, a London-based fundraiser for Bernie Madoff’s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager. Piedrahita, who has homes in Belgravia, […]
