Tag Archives: wall-street-journal
Former Merrill execs invested in Madoff funds
Reuters – Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on […]
$550 Million in Fees for One Merrill Lynch Banker
Wall Street Journal – Some numbers are so big you just have to stand back and admire them. An investment banker claiming $550 million of fees in a single year is just such a number. The number is staggering for […]
BBVA to Exit Hedge Funds Due to Poor Market Conditions
Wall Street Journal – Spain’s Banco Bilbao Vizcaya Argentaria SA said Thursday it has decided to pull out of the hedge-fund market, shutting down Proxima Alfa Investments and exiting two other joint ventures. Spain’s second-biggest bank by assets said the […]
JWM Partners considers new fund- WSJ
Reuters – John Meriwether and the other partners in his hedge-fund company, JWM Partners LLC, are considering launching a new fund, the Wall Street Journal said, citing a senior official at the company. The new fund could be set up […]
The Greenbrier needs to compete
Charleston Daily Mail – The Greenbrier has been a powerful asset to West Virginia since before the state was a state. Its corporate parent today, Florida-based CSX Corp., recently announced that it has hired Goldman Sachs to make the resort […]
US regulators probed Madoff eight times over 16 years
MSN Money UK – Bernard L. Madoff Investment Securities LLC was examined at least eight times in 16 years by the U.S. Securities and Exchange Commission (SEC) and other regulators, who often came armed with suspicions, the Wall Street Journal […]
Pellegrini quits Paulson & Co to start fund
Interactive Investor – Paolo Pellegrini, who played a crucial role in helping to implement bets against subprime mortgages that netted Paulson & Co about $15 billion in 2007, resigned from the hedge-fund firm on Dec. 31, the Wall Street Journal […]
Hedge Fund Manager Waives Managment Fees
West Palm Beach (HedgeCo.net) – Renaissance Institutional Futures, a $3 billion futures fund run by hedge fund management company, Renaissance Technologies, has waived all it’s management fees for 2009, even if the fund delivers good results in 2009, according to […]
New York Times May Sell Red Sox Stake
Post Chronicle – The New York Times Co is trying to sell its stake in the holding company of the Boston Red Sox baseball team, The Wall Street Journal reported on Wednesday, citing people familiar with the discussions. The sale, […]
Mooring Hedge Fund Gains Amid Losses
West Palm Beach (HedgeCo.net) – Mooring Financial Corp., a private investment firm specializing in the management of alternative assets, has seen its hedge fund, the Mooring Intrepid Opportunity Fund gain 37% year-to-date, while global hedge fund returns have declined almost […]
