Tag Archives: bank of america


Judge: Bank Of America Must Defend Lancer Hedge Funds Suit

Nasdaq – Bank of America Corp.’s (BAC) securities unit must defend an investor lawsuit over whether it aided and abetted Lancer Management Group LLC in deceiving investors about the value of two British Virgin Islands hedge funds‘ holdings. In an […]

BofA shares jump after exec, hedge fund buy shares

The Associated Press – Shares of Bank of America shot up Thursday as a new executive at the bank, as well as a prominent hedge-fund manager, decided to place big bets on the company by buying up blocks of shares. […]

Paulson Hedge Fund Buys Banks That Lost Value in Credit Crisis

Bloomberg – John Paulson, the hedge-fund manager whose wagers against the U.S. housing market helped him earn an estimated $2.5 billion last year, bought Bank of America Corp. and Goldman Sachs Group Inc. stock in the second quarter, while adding […]

Lewis Faces More Merrill Queries as $33 Million Accord Delayed

Bloomberg – Bank of America Corp. Chief Executive Officer Kenneth Lewis faces more queries about his purchase of Merrill Lynch & Co. after a federal judge refused to approve a $33 million settlement of a lawsuit over bonuses. The bank […]

Barakett’s Atticus Fund Jumps Back Into Stocks, Filing Shows

Bloomberg – Atticus Capital LP, the New York- based hedge-fund firm run by Timothy Barakett, reversed course in the second quarter, investing more than $3.5 billion in U.S.- listed stocks as equity markets recovered. Atticus bought $355 million in shares […]

Charlotte Hedge Fund Forum Started by Headline Capital

HedgeCo.net (West Palm Beach) – Hedge fund manager Headline Capital Management LLC, is spearheading a series of capital introduction events showcasing the largest gathering of hedge fund managers from the Charlotte region. Aegis Funds Management, Afton Capital Management, Blackhawk Capital […]

Tribridge To Launch New Hedge Fund, Hires Former BofA Executive

NASDAQ – Tribridge Investment Partners Ltd., a Hong Kong-based hedge fund manager, said Monday it will launch a new fund in August and hired John Liptak, former head of Bank of America Corp.’s Asia special situations group, to run it. […]

BofA’s asset management unit gets lukewarm bids: report

Reuters – Bank of America Corp’s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc, inked a blockbuster deal to buy Barclays Global Investor, the Financial Times reported, citing people close to the […]

Lawmaker accuses Fed of ‘over-up’ in BofA deal

Reuters – The Federal Reserve sought to hide its involvement in Bank of America Corp‘s (BAC.N) acquisition of Merrill Lynch as Merrill’s financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday. The […]

Bank of America’s $35 Billion Headache

Reuters – Bank of America CEO Kenneth Lewis is facing a $35 billion headache this morning after financial regulators informed the bank that was the figure it need to find now to pass the so-called stress test for viable financial […]

Hedge Funds Advance 1.37% in March

New York (HedgeCo.Net) – Hedge funds gained 1.37 percent in March, according to data compiled by the Hennessee Group LLC.  It was a successful month for the equity markets at well, with the S&P advancing 8.54 percent, the NASDAQ climbing […]

Bank of America Receives $138 Billion of Rescue Funds

Bloomberg – Bank of America Corp., the largest U.S. bank by assets, received a $138 billion emergency lifeline from the government to support its acquisition of Merrill Lynch & Co. and prevent the global financial crisis from deepening. The U.S. […]

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