Tag Archives: chief-executive


Hedge Fund Indictment Says Cravath, Bryan Cave Were Duped

Law.com – Federal prosecutors Thursday unsealed an indictment charging the chief executive of what used to be one of the world’s largest investment funds with constructing elaborate tax shelters for some of his wealthiest clients. The executive, Jeffrey Greenstein, the […]

Investing in Lawsuits, for a Share of the Awards

Sarasota Herald-Tribune – Richard W. Fields says he has come up with a win-win financial strategy for the downturn. He is investing in lawsuits. Not in trip-and-fall cases, mind you, but in disputes that are far larger, more costly and […]

No hedge fund now poses systemic risk-LTCM partner

Guardian.co.uk – No single hedge fund today poses a systemic risk to the global financial system, said a former partner at Long Term Capital Management (LTCM), as lawmakers continue to hammer out rules to control the industry. Even though many […]

Hedge fund giant eyes a bounceback

Evening Standard – This year could see the bounceback of the hedge fund industry after a pretty disastrous 2008, Peter Clarke , chief executive of the world’s largest publicly quoted hedge fund manager Man Group , said today. But news […]

Hedge fund AUM below $1 trillion: New Finance Capital

Reuters – Hedge fund assets under management around the world have probably fallen below $1 trillion, a top executive at hedge fund New Finance Capital LLP (NFC) said on Thursday. "There has been an enormous contraction in this industry. The […]

Market turmoil seen fueling hedge fund launches

Reuters – A wave of hedge funds are being launched this year by traders as the financial crisis fuels a shakeout of talent from Wall Street banks and big investment firms, an industry executive said. Record redemptions last year prompted […]

Rebel revolution for Regis

Business Spectator – A group of three former Equigold executives have successfully staged a boardroom coup, replacing the board of Regis Resources in a requisitioned meeting held in Melbourne earlier today. Mark Clark, Equigold’s former managing director, Nick Giorgetta, the […]

JP Morgan backs out of toxic assets plan

Mail Tribune – The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate in the program. Some analysts […]

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 […]

UPDATE 1-Pamplona buys bankrupt auto supplier TMD Friction

Reuters – TMD Friction, a bankrupt German maker of brake pads for the auto industry, has been bought by private equity firm Pamplona Capital Management, TMD said on Friday. Both sides declined to comment on the sale price. The acquisition […]

GLG hedge fund executives reduce their salaries to $1

Financial Times – The top three executives at GLG Partners, until recently Europe’s biggest hedge fund, have cut their salaries to $1 (69p) as the global financial turmoil puts pressure on senior managers to waive their pay. Noam Gottesmann and […]

Pensions seen fuelling hedge fund industry growth

Reuters – Pension funds will likely funnel more money into hedge funds and become a powerful engine of growth for the industry in the coming months, a hedge fund industry veteran said on Wednesday. "We are finding that corporate pension […]

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