Tag Archives: wall street
The hedge fund industry saw steep declines last year. Just not these folks
Forbes – You’d be hard pressed to find anyone but limousine drivers and beaten-down investors shedding tears for the end of the hedge funds’ golden age. The average hedge fund lost 18% last year, and one in seven shut its […]
Goldman Sachs’ Lloyd Blankfein: Wall Street needs new compensation, hedge fund standards
Chicago Tribune – The chief executive of Goldman Sachs Group Inc. called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds. Lloyd Blankfein said lessons from the financial crisis […]
Giving Up the Hedge-Fund Rat Race At Age 28
Wall Street Journal Blogs – Wasim Rehman, the 28-year-old head of risk controls at the hedge fund manager Marshall Wace, has resigned from the partnership and plans to retire from the investment industry. In a statement to the market this […]
AIG’s asset management division gets bidders: report
Washington Post – About half a dozen investment managers have put forward bids, ranging between $400 million to $800 million, for troubled insurer American International Group’s asset management business, the Wall Street Journal reported, citing people familiar with the matter. […]
Ponzi Funds Said Missing
Wall Street Journal – Prosecutors said $160 million is unaccounted for in a Ponzi scheme allegedly run by hedge-fund manager James Nicholson. At a bail hearing Thursday, Assistant U.S. Attorney Maria E. Douvas said the government’s investigation showed that $293 […]
Madoff Trustee Locates Assets of $75 Million
Wall Street Journal – A lawyer for the court-appointed trustee liquidating Bernard Madoff’s firm confirmed they have located an additional $75 million in Madoff assets — a figure that would put the total above $1 billion. A lawyer for the […]
Obama Seeks Investors in Plan to Buy Illiquid Assets
Bloomberg – The Obama administration will announce details of a plan today to expand the $700 billion rescue of the financial system that will rely on enticing private investors to buy the troubled assets clogging banks’ balance sheets. Treasury Secretary […]
From Hudge Fund Lord To Part-Time Reporter
Gawker – Ron Insana left CNBC three years ago to run a hedge fund. Like Lou Dobbs and Steven Rattner before him, he learned that actually succeeding in business is not as easy as covering success in business. So now […]
Study Finds Few Hedge Funds Pocket Mythical ‘2 and 20’
The Wall Street Journal reports that the head of the Utah Retirement System is taking a stand on what he says are unfair hedge fund fees. As the Journal reports, Utah’s Larry Powell has extracted “better fees” from 10 of […]
Should Jon Stewart Be The Financial Journalist Who Exposes TheStreet.com’s Jim Cramer?
Market Rap – On his program, Jon Stewart played a Jim Cramer video from "Wall Street Confidential" done for the internet in 2006, where Cramer admitted to spreading rumors and manipulating markets as part of the "game". It was a […]
Investors profiting from — and fixing — the financial crisis
Newsday – The latest development in the mortgage market fomenting outrage in the streets and condemnation across the media spectrum is the spectacle of rich investors — Wall Street traders, hedge fund operators, even former executives of the detested Countrywide […]