Tag Archives: nutmeg
Hedge Funds Challenge Lehman Sale
Reuters – A hedge fund that specializes in distressed investments has filed a notice of appeal in the Lehman Brothers Holdings Inc bankruptcy case, indicating it intends to challenge the court order approving the sale of Lehman’s core U.S. business […]
Lehman Brothers Faces Objections to Barclays Sale
Bloomberg – Lehman Brothers Holdings Inc., the U.S. investment bank holding company that filed the largest bankruptcy in history, faces objections to a proposed $1.75 billion sale of its broker-dealer unit to Barclays Plc. Hedge fund Harbinger Capital Partners asked […]
European hedge funds hit by market turmoil
Reuters Paris – European hedge funds have had a bad week due to the market turmoil from the bailout of AIG and the collapse of Lehman Brothers, the co-founder of French fund of hedge fund manager ERAAM said on Thursday. […]
Morgan Stanley weighing possible merger
Reuters Singapore – U.S. investment bank Morgan Stanley is weighing whether it should remain independent or merge with a bank, given the recent turbulence in the company’s share price, broadcaster CNBC reported on Wednesday. Morgan Stanley officials were not in […]
Hedge Funds Pulled Back From Lehman Prime Bkg Before Bankruptcy
CNNMoney.com – Hedge funds were leaving the prime brokerage business of Lehman Bros. (LEH) long before Lehman filed for Chapter 11 bankruptcy Sunday, and now, business there has all but stopped, according to sources. But in certain areas, like the […]
Hedge funds suffer further pain
Reuters UK – The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, but at least the damage is limited from here for funds exposed the U.S. investment bank. Even legendary fund manager George Soros, who […]
Hedge fund Citadel hires two from Merrill Lynch
Reuters – Hedge fund firm Citadel Investment Group said on Tuesday it had hired two senior sales executives from Merrill Lynch, the investment bank that is being sold to Bank of America for $50 billion. Chicago-based Citadel, which manages around […]
KDB made Lehman offer; HSBC may trump Koreans: report
Washington Post – State-controlled Korea Development Bank (KDB) proposed buying 25 percent of Lehman Brothers (LEH.N) for up to $5.3 billion, a newspaper reported, but other Korean banks rumored to be joining a KDB bid consortium denied they were involved. […]
Lehman in talks with KDB to raise 3.3 billion pounds
Reuters UK – Lehman Brothers has intensified talks with Korea Development Bank to raise as much as $6 billion (3.3 billion pounds) in a share sale that could be concluded this week, the Sunday Telegraph reported. South Korea’s KDB KDB.L […]
Lehman May Put a Prized Unit on the Block
The Ledger – Lehman Brothers, the troubled investment bank, is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by […]
Morgan Stanley, Goldman change lending systems
Boston Globe – Morgan Stanley and Goldman Sachs are responding to the credit crisis with a system that uses the market’s view of their own creditworthiness as a basis for lending decisions, the Financial Times reported. Wall Street’s second-largest investment […]
Soros boosts Lehman stake
Reuters – Billionaire investor George Soros hiked his stake in Wall Street firm Lehman Brothers to 9.5 million shares as of June 30 from 10,000 shares, according to a U.S. regulatory filing on Thursday. Soros disclosed the quarter-over-quarter increase in […]
