Tag Archives: chief-financial-officer


Pension fund sees ‘trend’ of growth, sheds four hedge fund managers

Boston – The state pension fund climbed 2.6 percent in September to finish the month with a $41.5 billion balance, according to a preliminary staff assessment. “I feel a lot better this year than I did a year ago. Last […]

Goldman CFO sees end to hedge fund redemption wave

Khaleej Times – Hedge fund assets may be on the rebound after a year of massive redemptions, Goldman Sachs Group Inc Chief Financial Officer David Viniar told analysts on Tuesday, although the prime brokerage business will remain under pressure. “Assuming […]

Bayou Hedge Fund Exec Sentenced

North Country Gazette – The brother of the former chief financial officer of the bankrupt hedge fund firm Bayou Group LLC has been sentenced to 21 months in federal prison of his role in concealing a $400 million fraud.   […]

Police investigating death of Freddie Mac official

AP – The Chief financial officer of Freddie Mac, one of the mortgage giants at the heart of the nation’s financial meltdown, was found dead in his basement early Wednesday morning in what police said was an apparent suicide. David […]

Yahoo CFO says not opposed to search sale

Reuters – Internet firm Yahoo Inc is "not opposed" to doing a deal that would potentially sell its search business, Chief Financial Officer Blake Jorgensen said on Wednesday. But he said the search business is deeply intertwined with Yahoo’s other […]

Out With Hedge Funds, In With Blue Bloods

Xconomy – Vertex Pharmaceuticals has been around the block with biotech hedge funds. These are the people who aim to get rich trading volatile stocks second-to-second, and make big bets, long or short, on whether an experimental drug will work. […]

Porsche trades give funds ammunition: report

Times of the Internet – Hedge funds have gained ammunition for complaints against German sports car maker Porsche after it said it made almost 400 million euros (514 million dollars) in bets on German blue-chip stocks, a press report said […]

Cohen’s Hedge Fund Taxes Can’t Fix Connecticut’s Fallen Revenue

Bloomberg – Philip Duff, Morgan Stanley’s former chief financial officer, last month fired 80 of the 100 people at his 11-month-old hedge fund, and now he’s looking to sublet excess office space in Greenwich, Connecticut. Record losses and terminations at hedge […]

Duff Capital Advisors shrinks, stays in business

Reuters – Hedge fund firm Duff Capital Advisors, launched last year to help pension funds, endowments and insurers meet long-term funding obligations, laid off most of its staff, a person familiar with the matter said on Thursday. The company remains […]

Prominent NY law firm to seek bankruptcy

KWCH.com – A prominent New York law firm is expected to seek bankruptcy protection. That’s according to a receiver appointed to run the firm — which has been scandalized by charges that its founder was behind a massive fraud. The […]

RBS Faces Losses After US ‘Fraud’

Ananova – Royal Bank of Scotland says it is facing a potential loss of £400m after a Wall Street banker was charged with a massive alleged fraud. US prosecutors say Bernard Madoff has confessed to defrauding investors of $50bn (£33bn) in […]

Ex-AIG exec under probe by U.S. prosecutors: report

Reuters – Former American International Group Inc executive Joseph Cassano is under investigation by U.S. prosecutors for possibly misleading auditors and investors about subprime mortgage-related losses, according to a Bloomberg report citing people familiar with the probe. The report said […]