Tag Archives: journalism
Fortis gets $630 mln capital from Russian billionaire
U.S. Daily- Belgian-Dutch financial services group Fortis received $630 million in capital from Russian billionaire Suleiman Kerimov as part of its recent share issue, the Wall Street Journal said, citing people familiar with the matter. Fortis, which last week raised […]
Pasternak Cleared of SEC Trading-Fraud Allegations
Wall Street Journal- A federal judge said the Securities and Exchange Commission didn’t prove that former Knight Equity Markets chief Kenneth Pasternak defrauded the firm’s clients. In an oral opinion Thursday, U.S. District Court Judge Joel Pisano said that witness […]
Microsoft Bid for Yahoo Probed by SEC
The New York Sun – Suspicions that illegal insider trading may have preceded the year’s biggest and most publicized corporate takeover attempt — Microsoft’s hostile $44.6 billion bid for Yahoo — have prompted the Securities & Exchange Commission to commence […]
Citigroup to close Pandit founded hedge fund
Times Online- Citigroup is to close an $800 million hedge fund co-founded by its chief executive Vikram Pandit, following bad returns and the loss of top managers. The US investment bank will now buy what is left of Old Lane […]
Race-Horse Hedge Funds Go to the Races
New York Times Blogs- Big Brown may have failed to complete his Triple Crown sweep on Saturday — indeed, he came in dead last. But hasn’t slowed down what appears to be a burgeoning new sector: the race-horse hedge funds. […]
Wall Street broker acquitted of gym member assault
International Herald Tribune- A Wall Street stock broker accused of throwing a fellow health club member into a wall during a cycling class has been acquitted. A Manhattan Criminal Court jury found 44-year-old Christopher Carter not guilty of assault against hedge-fund […]
Road to hedge fund riches is rockier now
Reuters) – Starting a hedge fund was long considered the road to riches for money managers, but the path has become much rockier in the last months. "It is materially harder to start a hedge fund today than it was […]
SEC to probe Bear Stearns trading data
Reuters- Bear Stearns Cos plans to turn over documents to securities regulators showing that financial giants like Goldman Sachs Group, Citadel Investment Group and Paulson & Co cut their exposure to the securities firm before its collapse, the Wall Street […]
Wachovia, Fifth Third had losses in Citi hedge fund
Reuters – Wachovia Corp said on Monday it has had significant losses from a Citigroup hedge fund, joining Fifth Third Bancorp, which disclosed its loss in an April lawsuit. Wachovia spokeswoman Christy Phillips-Brown said a $315 million write-down the bank […]
