Tag Archives: financial times
GLG hedge fund executives reduce their salaries to $1
Financial Times – The top three executives at GLG Partners, until recently Europe’s biggest hedge fund, have cut their salaries to $1 (69p) as the global financial turmoil puts pressure on senior managers to waive their pay. Noam Gottesmann and […]
The Mad Hedge Fund Trader
Seekingalpha.com – The Mad Hedge Fund Trader graduated from the University of California at Los Angeles (UCLA) with a degree in Biochemistry and a minor in Mathematics in 1974. He moved to Tokyo, Japan to join Dai Nana Securities as a […]
Blackstone marks down D Bank debt
Financial Times – Blackstone marked down the value of billions of dollars worth of debt it bought at a discount from Deutsche Bank to zero, demonstrating that the group bet too early on a recovery. Blackstone bought the debt in […]
TPG interested in Aleris DIP financing
Reuters – U.S. private equity firm TPG has expressed interest in providing debtor-in-possession (DIP) financing for Aleris International Inc, a company it bought in 2006, a source familiar with the situation told Reuters. The private equity firm wasn’t able to […]
Big Falls in Hedge Fund Borrowing
Financial Times – Hedge funds cut their borrowing to almost nothing in the wake of the collapse of Lehman Brothers, according to research by the City watchdog. Data compiled by the Financial Services Authority show that leverage fell to just […]
Fed $1,000bn financing plan nears launch
Financial Times – The US Federal Reserve will launch its financing programme, worth up to $1,000bn, for consumer and business loans in the coming days, amid concerns that hedge funds might find it difficult to take advantage of the scheme. […]
Big Madoff Investors Targeted
Financial Times – The trustee charged with tracking down money for victims of Bernard Madoff’s alleged $50bn Ponzi scheme will target big investors – such as hedge funds – that pulled "substantial amounts" of "false profits" out of the broker’s […]
dealReporter adds Laura Stavro-Beauchamp to reporting team
Journalism.co.uk – Laura Stavro-Beauchamp has been appointed as a reporter for Financial Times service, dealReporter. Previously employed as deputy news editor on weekly title Mortgage Strategy, Canadian-born Stavro-Beauchamp will put her global and financial background to good use by providing […]
Hedge Fund Seeks Continental AG Chairman’s Ouster, FTD Reports
Bloomberg – A hedge fund led by Frank Scheunert wants to oust Continental AG Chairman Hubertus von Gruenberg, Financial Times Deutschland reported, citing the investor. Scheunert, who controls about 5 percent of the tiremaker’s stock, said Continental’s board is “destroying […]
