Tag Archives: journalism
Sam Jones named Hedge Fund Correspondent at Financial Times
Journalism.co.uk – The Financial Times has appointed Sam Jones as hedge fund correspondent. In his new role, Jones will be in charge of covering the global hedge fund industry. "Hedge funds are in a state of crisis: they are hugely […]
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 […]
Merger-Arbitrage, Other Hedge Funds Hurt By Nixed BCE Deal
Wall Street Journal – If you thought the collapse of one of the biggest leveraged buyouts in history would be devastating for merger-arbitrage hedge funds, you’d be right. But pure merger arbitragers weren’t the only hedge funds hurt. The $41 billion […]
Uma Thurman’s billionaire fiance among A-listers who fell victim to the man who conned the world
Mail on Sunday – From movie director Steven Spielberg to to Uma Thurman’s fiance Arpad Busson, the list of billionaire businessmen and Hollywood A-listers sucked into the world’s biggest financial fraud is growing. Some of the best-known names in banking […]
Bernard Madoff Case Seen Fueling Attacks On The SEC
Post Chronicle – The SEC’s inability to uncover the scandal until Madoff’s sons went to authorities last week comes at a particularly bad time for the SEC and its Chairman, Christopher Cox. They have already been accused by some lawmakers […]
Madoff tries to stay out of jail as probe widens
Sify – Bernard Madoff, the long time Wall Street executive accused of cheating investors worldwide out of $50 billion, scrambled to find relatives or friends to guarantee his bond on Tuesday and keep him of jail. Bernard L. Madoff and […]
RBS Faces Losses After US ‘Fraud’
Ananova – Royal Bank of Scotland says it is facing a potential loss of £400m after a Wall Street banker was charged with a massive alleged fraud. US prosecutors say Bernard Madoff has confessed to defrauding investors of $50bn (£33bn) in […]
U.S. hedge funds bleeding, one gone
SF Gate – There probably won’t be many tears for Larkspur’s Copper River Management LLC. The $1 billion hedge fund’s partiality to short selling earned it obloquy, lawsuits and, ultimately, death. No trace of company personnel could be found for […]
Merrill’s Thain seeking 2008 bonus of $10 million
Reuters – Merrill Lynch & Co Chief Executive John Thain has suggested to directors that he get a 2008 bonus of as much as $10 million, but the battered company’s compensation committee is resisting his request, the Wall Street Journal […]
Citadel Hedge Funds Down, But Not Out
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group lost 13 percent in November, according to a report published by the Wall Street Journal. This brings the hedge fund firm’s total losses to 47 percent for the year. The losses stem […]
Paulson: Unaffected by Hard Times
New York (HedgeCo.Net) – At a time when most hedge funds are posting their worst year to date, John Paulson somehow manages to stay afloat. The founder of Paulson & Co. has informed investors that his funds are in fact […]
UPDATE 2-Thomas H. Lee mulls shrinking 2 funds
Reuters – Private equity investor Thomas H. Lee may shrink or shut down two funds that had $1.5 billion in assets after suffering losses of about 40 percent this year, the Wall Street Journal reported on Thursday, citing people familiar […]
