Tag Archives: investment-bank


RPT-EXCLUSIVE-Costas launches boutique bank and a 2nd act

CNN Money – John Costas, who helped make UBS AG into one of the world’s biggest investment banks, wants to build a lasting Wall Street player — and put the 2007 demise of hedge fund Dillon Read Capital Management behind […]

Lehman administrators plan assets return

ninemsn – Administrators for the main European unit of bankrupt US investment bank Lehman Brothers Holding Inc have revealed plans to return frozen hedge fund assets to creditors. This could start as early as next year. PricewaterhouseCoopers, Lehman Brothers International […]

Nomura plans prime broking to take on rivals

Reuters India – Nomura Holdings plans to launch a global prime brokerage business by September as the financial crisis creates room for new players to offer lucrative services to hedge funds, a senior executive said on Monday. The move shows […]

Macquarie’s pioneering funds model under pressure

Reuters – Australian investment bank Macquarie Group Ltd has managed to quell concerns on its capital position but is now bracing for its next big challenge of the global credit crisis: how to prevent its world-renowned specialist listed-funds model from […]

Ex Hedge Fund Trader Vs. Ex Wife, High Powered Hide and Seek

West Palm Beach (HedgeCo.net) – In a bizarre hedge fund story sent to me by a reader, an ex JP Morgan Director and ex trader for hedge funds Tudor and Brevan Howard has been traced by his ex wife’s investigators […]

NB Private Equity Partners aims for dual listing

AltAssets – NB Private Equity Partners, the private equity fund of funds that emerged from failed US investment bank Lehman Brothers, is looking to list its shares on the Specialist Fund Market of the London Stock Exchange. The company will […]

FACTBOX: Hedge fund managers name long, short bets

Reuters – Some of the country’s biggest and best-known hedge fund managers on Wednesday shared their best investment and short-selling ideas with an audience of some 1,200 hedge fund executives. The annual Ira Sohn Investment Research Conference raises millions of […]

Costas, Hutchins Said to Reunite For Firm After Failed UBS Fund

Bloomberg – John Costas and Michael Hutchins, are reuniting to start a financial services firm after running UBS AG’s hedge fund Dillon Read Capital Management LLC, according to people familiar with their plans. Costas, 52, took over UBS’s investment bank in […]

The hedge funds always win in the end

Independent – The collapse of Lloyds’ share price on Friday afternoon was deeply upsetting – and not just for shareholders in the bank. Two weeks ago, those annoying folk at Paulson & Co, the hedge fund that has made a […]

Hedge Fund Expert Subpoenad by Feds

West Palm Beach (HedgeCo.net) – Wall Street’s highest-ranking woman, Erin Callan, was subpoenaed by a federal grand jury, along with 24 other Lehman executives regarding the collapse of Lehman Brothers, according to the New York Post. Now in seclusion, the […]

Universal banks winning battle for hedge business

Reuters – Broker-dealers such as Morgan Stanley and Goldman Sachs are losing out in the battle for hedge funds’ dwindling pool of assets, as funds seek out banks with diverse sources of funding in a major shake-up of prime broking. […]

”End-of-era’ feel for hedge fund sector

Business Intelligence Middle East  – As the eye-popping profits of hedge funds dry up amid the financial crisis, the industry looks set to shrink substantially in its European headquarters of London over the next year. Discretion is everything in London’s […]

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