Tag Archives: lengthy-prison-terms
JPMorgan Marathon Embrace Begins Dimon Lure of Lost Hedge Funds
Bloomberg- A year after Andrew Rabinowitz yanked his hedge fund’s cash from Bear Stearns Cos. because of concern the Wall Street firm wouldn’t make good on its trades, he’s ready to return. For Rabinowitz’s New York-based Marathon Asset Management LLC, […]
Hedge Fund Claim Made Sense, Ex-Bear Executive Says
Bloomberg – Bear Stearns Cos. didn’t investigate the financial health of a hedge-fund client that later collapsed because its claim of an annual 20 percent return on investment “made perfect sense,” a former executive at the firm said. Bear Stearns […]
Bank of America Sells Hedge-Fund Unit to BNP for $300 Million
Bloomberg- Bank of America Corp. agreed to sell its prime brokerage unit that serves hedge funds to BNP Paribas SA, France’s biggest bank, for as much as $300 million after profit at its investment bank tumbled. BNP Paribas’s purchase price […]
Hedge fund plunders Lehman prime execs
Asian Investor – Hedge fund manager CQS has hired Michael Schulz and Laura Hui from the prime broking department of Lehman in Hong Kong. Schulz is taking the post of risk manager for Asia at CQS. In Lehman’s prime broking […]
