Tag Archives: lehman-brothers-holdings
Lehman failure dogs Evergreen Solar
Boston Globe – Evergreen Solar Inc. got a shock when Lehman Brothers Holdings Inc. went bankrupt last month: The solar panel maker lost control of almost 31 million shares of its stock. How that happened is the subject of a […]
Competition Becomes Fierce for Financial Jobs
West Palm Beach (HedgeCo.net) – Employment offers in financial services fell by 11% in September compared to 6 months ago, according to Powerchex Limited, a pre-employment screening firm for financial institutions. Research by Powerchex showed that Investment Banks made […]
Morgan Stanley’s Mack Says Some Hedge Funds May Fail
Bloomberg – Morgan Stanley Chief Executive Officer John Mack said tumbling markets may drive some hedge funds out of business, prompting his firm to “resize.” “Friends in that community say that by year-end, you’ll see the number of firms in the […]
Bankers take a billhook to the hedge funds
Times Online – Hedge fund managers are paranoid. And they are right to be. The other day I had lunch with a senior financial official whose view of hedge funds was simple. “They were a con. The returns were all […]
Christine Lagarde warned Hank Paulson to bail out Lehman Brothers
Telegraph.com.UK – Sources close to Mrs Lagarde said that she had called the US Treasury Secretary – a close personal friend – well before the ailing bank’s collapse imploring him to act, but he chose not to. Lehman Brothers’ demise […]
SEC to Make Hedge Funds Report Short Sales Until 2009
Bloomberg – The U.S. Securities and Exchange Commission extended a rule forcing hedge funds to tell the agency about short-sale positions amid concerns investors bet against companies after spreading false rumors they will fail. Investment managers who oversee more than […]
U.S. funds urge freeing of Lehman assets
Reuters – A U.S.-based trade group for hedge funds has urged the Bank of England to step in and speed up the freeing up of assets frozen in the collapse of Lehman Brothers Holdings Inc, saying it has become "an […]
GlobeOp Performance Remains Strong
West Palm Beach (HedgeCo.net) – Hedge Fund provider GlobeOp Financial Services S.A. published its Interim Management Statement covering the period since 30 June 2008. As a group, GlobeOp’s clients appear to have out-performed the industry. "I am pleased to report […]
Lehman CDS auction fears allayed
The Independent – The financial fall-out in the vast, opaque credit default swaps market caused by the collapse of Lehman Brothers could be smaller than originally feared, analysts say. Optimism was rising yesterday that the unwinding of insurance contracts on […]
Hedge Funds Learn To Say ‘Sorry’
Forbes – It’s hard to fathom. But as lousy returns start pouring in, managers of some of the most successful hedge funds in recent years are apologizing for their dismal showing. "The last quarter has been abysmal," wrote TPG-Axon Capital Manager […]
Lehman to sell stake in R3 hedge fund
Reuters – Lehman Brothers Holdings Inc agreed on Wednesday to sell its 45 percent stake in hedge fund R3 Capital Partners for $250 million in cash and a $250 million investment in another fund managed by R3. Lehman, which filed […]
MetLife: Death by hedge funds
BloggingStocks – MetLife, Inc., which is the largest life insurer in the U.S., got its start 140 years ago. But the recent couple weeks may have been the toughest as the stock price has plunged. It seems MetLife’s woes have […]
