Tag Archives: dsp-merrill-lynch


State money went to two additional hedge funds

Newark Star-Ledger – Managers of New Jersey’s embattled pension fund, criticized by lawmakers for bailing out a struggling BlackRock hedge fund in October, secretly gave two other hedge funds the same deal, records from the state investment council show. The […]

New Jersey drawing heat for hedge-fund foray

Washington Post – New Jersey’s pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said. New Jersey made the investments last month, to funds run by BlackRock Inc <BLK.N>, Canyon Capital Advisors LLC and […]

Official defends $144M decision

Newark Star-Ledger – Prompted by criticism from a prominent state lawmaker, the head of the state’s Division of Investment yesterday defended his decision to invest $144 million in pension funds in a BlackRock Inc.-managed hedge fund in the past two […]

BlackRock details amended agreements with Merrill

Reuters- U.S. asset manager BlackRock Inc gave details on Tuesday of the revised agreements it has struck with top shareholder Merrill Lynch & Co Inc that, among other things, try to protect BlackRock’s interests if Merrill’s structure changes substantially. Merrill […]

Barclays Capital, Dubai to Back Shariah-Compliant Hedge Funds

Bloomberg- BlackRock Inc., the largest publicly traded U.S. money manager, and Ospraie Management LLC, are among five companies that will start Shariah-compliant hedge funds based in Dubai. The funds will get $50 million each in so-called seed capital from the […]

Lehman Brothers removes finance, operating chiefs

The Columbian- The hope at Lehman Brothers is that a management shakeup Thursday will contain the damage of a stunning quarterly loss – yet some on Wall Street fear this is one more step toward a more dramatic outcome for […]

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