Tag Archives: conference-call


Blackstone war chest eyes bank sector

The Australian – Blackstone Group posted a wider second-quarter loss, but results beat analysts’ expectations as the private-equity giant reported positive returns and better fund-raising at its credit-oriented and funds-of-hedge-funds businesses. On a conference call with analysts and investors, chairman […]

Tollgrade posts loss as proxy vote looms

Pittsburgh Post-Gazette – In a conference call with analysts yesterday, Joseph A. Ferrara, president, chief executive officer and board chairman of Tollgrade Communications, highlighted the company’s ”transformational activities” during the past quarter, including selling off its cable product line for […]

BGI deal flags institutional bank, fund arm split

Forbes – Consolidation in the asset management industry is set to intensify as encroaching regulation and client demands for independence force banks to hive off fund arms, Barclays said on Friday. Major investment banks were finding it ever harder to […]

Blackstone, Fortress Seek Hedge-Fund Takeovers After Debt Slump

Bloomberg – Blackstone Group LP and Fortress Investment Group LLC are seeking to take over credit funds from managers unable to support their businesses after the value of investments fell. There are “a lot of companies that are on the […]

Blackstone marks down D Bank debt

Financial Times – Blackstone marked down the value of billions of dollars worth of debt it bought at a discount from Deutsche Bank to zero, demonstrating that the group bet too early on a recovery. Blackstone bought the debt in […]

Attorney paid cohorts to help execute swindle

New York Daily News – Disgraced Park Ave. lawyer Marc Dreier gave fellow scamsters $100,000 to impersonate others in calls to victims, Manhattan federal prosecutors said Tuesday. The new details emerged at a bail hearing for former broker Kosta Kovachev, […]

Summers has ties to prominent hedge fund

Politico – On the same day Lawrence Summers was announced as President-elect Barack Obama’s top White House economics adviser, the veteran economist said he would resign as the part-time managing director of one of the nation’s largest and most successful […]

Deadline nears for investors to redeem hedge fund shares

USA Today – It is last call for investors to ask for their money back from poorly performing hedge funds. Whether that is a bullish or bearish sign for battered stocks is anyone’s guess. Wall Street hopes the passing of […]

Obama adviser lobbied to protect Fannie

The Washington Times – A transition adviser to President-elect Barack Obama earned millions of dollars overseeing an office that led a lobbying effort to prevent increased oversight of mortgage giant Fannie Mae, the company at the heart of the ongoing […]

DILLARD’S HEATED AT HEDGIES

New York Post – Three board members at the embattled Dillard’s department-store chain lashed out at a pair of hedge funds that are agitating to oust the retailer’s top management. In a rare public statement, the Dillard’s trio of independent […]

Wittenham launches hedge fund for frontier markets

Reuters- Singapore’s Wittenham Investment Management launched a fund of hedge funds to invest in frontier capital markets such as Africa, Middle East and countries in the former Soviet Union. The MENA Plus fund would start with a minimum $7 million […]

Hedge funds gang up on Babcock

The Australian- The shares of Macquarie Bank’s most ardent and successful imitator, Babcock & Brown, and several of its satellites, plumbed new depths yesterday as Barclays lost faith in the group. Shares in Babcock’s headstock have slumped from $16 to […]

Related Posts Plugin for WordPress, Blogger...