Tag Archives: banks


SocGen reducing China fund venture stake – sources

Forbes – French bank Societe Generale (SocGen) plans to reduce its holdings in its China fund joint venture due to regulatory concerns after a global reorganisation, two people familiar with the situation said. SocGen already owns a fund venture with […]

Hedge-Fund Startups Sprout as Roc Gathers $1 Billion

June 16 (Bloomberg) — Arvind Raghunathan , former head of Deutsche Bank AG’s global arbitrage business, will open his new hedge-fund firm next month with more than $1 billion, a sign that investors are trickling back after record losses last […]

Sam Jones named Hedge Fund Correspondent at Financial Times

Journalism.co.uk – The Financial Times has appointed Sam Jones as hedge fund correspondent. In his new role, Jones will be in charge of covering the global hedge fund industry. "Hedge funds are in a state of crisis: they are hugely […]

David Einhorn, still a hedge fund rock star

FierceFinance – David Einhorn, the head of Greenlight Capital, caused quite a stir at the Ira W. Sohn Investment Research Conference last year. He made it known that he was shorting Lehman Brothers, which was trading at $60 at the […]

Hedge fund manager Singer wants limits on leverage

Forbes – Aggressive government action can hurt the market, but regulators should clamp down on excessive borrowing by banks and investors to prevent another credit crisis, veteran hedge fund manager Paul Singer said at a conference. Singer said the current […]

Hedge fund manager Singer wants limits on leverage

Reuters – Aggressive government action can hurt the market, but regulators should clamp down on excessive borrowing by banks and investors to prevent another credit crisis, veteran hedge fund manager Paul Singer said at a conference. Singer said the current […]

New Group of Creditors Tries to Block Chrysler

Washington Post – The government-orchestrated sale of Chrysler to Italian carmaker Fiat is facing a fresh legal challenge from some of the American carmaker’s lenders, which are trying to take the fight to federal district court. Pension funds representing Indiana […]

Hedge fund turmoil a boon for family offices

Guardian Unlimited – Tumbling markets and redemption waves have been murder on hedge funds, but the turmoil will free up top-tier talent for a quiet but well-heeled corner of the market: family offices. The world’s wealthiest, not content to hand […]

The Importance Of Paying Citigroup Bankers Bonuses

24/7 Wall St. – Citigroup has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury’s reaction will probably be that it wants to […]

Obama to prod credit card firms on fee practices

Reuters – President Barack Obama will weigh in on Thursday on the lending practices of U.S. credit card companies, an issue that has triggered an outcry from consumers hit with high fees and interest rates. Obama has joined a push […]

Chrysler lenders offer to swap $2.5B for equity

Daily Times – Banks and hedge funds that hold $6.9 billion in Chrysler LLC debt have proposed forgiving $2.5 billion of it in exchange for about a 40 percent stake a Chrysler-Fiat alliance, according to two people briefed on the […]

Bill Miller Not Dead Yet With Value Funds Burying Quants in ’09

Bloomberg – Companies with the most debt and lowest returns on assets are turning the biggest six-week rally in stocks since 1938 into a bloodbath for last year’s best- performing trading strategy. Investors in so-called quantitative momentum funds — which […]

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