Tag Archives: nutmeg


Egypt’s Naeem Said to Start $19 Million Pre-IPO Fund

Black Enterprise- Naeem Holding, Egypt’s second-largest investment bank by market value, will start a 100 million Egyptian pound ($19 million) fund to buy stakes in firms planning public listings, its chief executive said on Wednesday [June 18]. The fund would […]

Hedge fund bosses tip global macro, market neutral

Reuters UK – Global macro and market neutral strategies look set to be top performers over the next 12-18 months, but it is still too early for a pick-up in distressed debt investing, top hedge fund executives said on Tuesday. […]

Lehman Brothers removes finance, operating chiefs

The Columbian- The hope at Lehman Brothers is that a management shakeup Thursday will contain the damage of a stunning quarterly loss – yet some on Wall Street fear this is one more step toward a more dramatic outcome for […]

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 […]

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 […]

Greylock Capital hedge fund hires ex Bear execs

Reuters – Greylock Capital, a hedge fund with about $600 million under management, said on Tuesday it hired several former Bear Stearns senior executives, the latest firm to bring in executives from the investment bank sold to JPMorgan Chase & […]

Lehman Bros. denies tapping Fed

Seattle Times- Lehman Brothers on Tuesday denied that it was forced to tap the Federal Reserve’s discount window to stave off cash problems, and maintains that its books remain liquid. The nation’s fourth-biggest investment bank was battered Tuesday amid reports […]

Bear Stearns passes into Wall Street history

Financial Times – Jimmy Cayne apologised for the first time to Bear Stearns shareholders and employees on Thursday as the investment bank he helped build into a scrappy powerhouse formally disappeared into Wall Street history as the biggest victim of […]

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 […]

UBS’s Commodities Co-Head Quits to Join Hedge Fund

Bloomberg- Hunter Shively, global co-head of UBS AG’s commodities business for the past seven months, is resigning to join a start-up hedge fund that is raising money to trade energy futures. Shively, 38, will stay on for two months to […]