Tag Archives: eliot-spitzer
Hedge funds grab the spotlight on Wall St.
Politico.com – Even as the storied financial names vanish — Lehman Brothers, Merrill Lynch and Bear Stearns — they’re being quietly replaced by less familiar ones: Cerberus Capital Management, Citadel Investment Group, SAC Capital Partners and the other biggest hedge […]
The End of Wall Street as We Know It
Gotham Gazette – The turbulent financial market events of recent days demonstrably signal the end of Wall Street as we know it. More uncertainty lies ahead, on Wall Street but also for the national economy. How is this affecting New […]
Funds Flee Morgan, Goldman for JPMorgan
New York Post – The JPMorgan Chase CEO is seeing the coffers of the bank he runs being filled with "billions of dollars a day" coming from hedge funds that have pulled their cash from Morgan Stanley and Goldman Sachs, […]
Fed Reverses Stance on AIG, Provides Rescue
New York (HedgeCo.Net) – Just one day after reaffirming their stance they would not rescue America International Group Inc., the Fed has agreed to lend the collapsing insurer $85 billion in exchange for a 79.9 percent majority stake. The Fed […]
AIG Seeks Investors, Deals With Harsh Ratings Cuts
New York (HedgeCo.Net) – In an effort to stave off bailout rumors, the Federal Reserve is urging American International Group Inc. to find private investors and warns that they should not expect a loan from the central bank. However, talks […]
Lehman Declares Largest Bankruptcy Filing in History
New York (HedgeCo.Net) – Despite valiant efforts to find investors and stay afloat the credit crisis, Lehman Brothers Holdings Inc. is now at the center of the biggest bankruptcy filing in history. The fourth-largest investment bank filed for Chapter 11 […]
Shocker! Steve Jobs Blames It All on Hedge Funds
New York Times – To the ranks of chief executives who blame those terrible meanies who run hedge funds for their troubles — Jeffrey Skilling at Enron, say, or Jimmy Cayne at Bear Stearns, or Patrick Byrne at Overstock.com — […]
Lehman Stock Down After Korean Investment Talks End
New York (HedgeCo.Net) – Shares of Lehman Brothers Holdings Inc. plummeted on Tuesday amidst increasing investor concerns over the bank’s ability to raise capital. The stock dropped 45 percent to $7.79 in early afternoon trading, marking the lowest level in […]
U.S. seeks delay of civil case vs. Bear managers
Reuters – U.S. federal prosecutors asked securities regulators to delay a civil case against two former Bear Stearns hedge fund managers while they hold grand jury hearings in building a criminal case against the pair. Fund managers Ralph Cioffi and […]
High-flying fund manager under SEC scrutiny
CNN Money – Third Point Management, a New York hedge fund run by one of the country’s most outspoken and controversial investors, has come under investigation from the Securities and Exchange Commission. The $5.6 billion fund, whose founder Daniel Loeb […]
How to set up a hedge fund
1 Chose a name A posh part of London or New York can be suitable, as in Pershing Square Capital, Cheyne Capital and Thames River Capital. Or you could choose something slightly aggressive such as Tiger Capital, Citadel Capital or […]
