Tag Archives: citigroup-inc


U.S. pay czar says he can “claw back” exec compensation

Reuters – Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that […]

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. […]

Kuwait financier facing U.S. fraud suit found dead

Reuters – A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector. A security source told Reuters that Hazem Al-Braikan appeared to […]

Asia Hedge Funds on ‘Radar’ After Beating Peers, Citigroup Says

Bloomberg – Asian hedge funds are attracting growing interest from investors as managers focusing on the region outperform global peers, said Andrew Hill, director of prime finance for Asia-Pacific markets at Citigroup Inc. “There are pockets of proprietary money looking […]

Chrysler Talks Stall as Banks Balk at Trading Loans for Equity

Bloomberg – Chrysler LLC, needing lender concessions by March 31, isn’t negotiating with its banks because it can’t persuade them to discuss trading loans for uncertain equity, people familiar with the companies’ actions say. Chrysler must reduce its debt by […]

Ellington Sues Ameriquest Over Bad Subprime Mortgages

Bloomberg – Ellington Management Group LLC, the hedge-fund firm focused on mortgage bonds, sued Ameriquest Mortgage Co. and other ACC Capital Holdings units over soured subprime home loans. Funds run by Old Greenwich, Connecticut-based Ellington saw the value of $354 […]

Breaking even becomes hedge funds’ mantra

Globe and Mail – Joe E. Lewis, the late American nightclub comic and inveterate horse player, once quipped: "I hope I break even. I need the money." That could very well become a mantra in the hedge fund world, where […]

GMP hedge fund makes solid debut

Globe and Mail – GMP Securities enjoyed a solid debut with its new and much-scrutinized hedge fund. GMP Diversified Alpha Fund, a multi-strategy fund launched last year by the investment dealer, published its first set of performance numbers Thursday as […]

Investments in Asia hedge funds halved

Reuters Singapore – Investors almost halved the money they put into Asia-focused hedge funds in the second quarter compared to the first three months of the year as a selloff in stocks hurt appetite for risky assets, data showed. Asia-focused […]

Investments in Asia hedge funds halved in Q2

Reuters – Investors almost halved the money they put into Asia-focused hedge funds in the second quarter compared to the first three months of the year as a selloff in stocks hurt appetite for risky assets, data showed. Asia-focused hedge […]

Hedge Funds Fell 0.75%, Worst First-Half Performance

Bloomberg – Hedge funds turned in their worst first-half performance in almost two decades as the collapse of subprime-mortgage bonds and rising commodity prices pushed stocks to the brink of a bear market. Hedge funds declined by an average 0.7 […]

Hedge funds turn in their worst record for nearly 20 years because of credit crunch

Independent- Hedge funds turned in their worst first-half performance in almost two decades because of the credit crunch and the onset of a bear market in stocks. Hedge funds declined by an average 0.7pc in June, bringing the year-to-date loss […]

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