Tag Archives: merrill-lynch


Hedge Fund Performance for April 2009

West Palm Beach (HedgeCo.net) – In a preliminary hedge fund performance report for April 2009 and asset flows through March, Morningstar reported the largest one month-return since January 2006—bringing hedge fund returns into positive territory for 2009. "Over the last […]

Bank of America’s $35 Billion Headache

Reuters – Bank of America CEO Kenneth Lewis is facing a $35 billion headache this morning after financial regulators informed the bank that was the figure it need to find now to pass the so-called stress test for viable financial […]

Hedge Fund Citadel’s Investment Banking Division Launch

West Palm Beach (HedgeCo.net) – Citadel Securities has added three former Merrill Lynch and Goldman Sachs senior investment bankers to the hedge fund company, at the same time launching Citadels Investment Banking division. Todd Kaplan joined Citadel in March, he […]

Former Merrill execs invested in Madoff funds

Reuters – Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on […]

$550 Million in Fees for One Merrill Lynch Banker

Wall Street Journal – Some numbers are so big you just have to stand back and admire them. An investment banker claiming $550 million of fees in a single year is just such a number. The number is staggering for […]

New Jersey bars ex-Merrill brokers for market timing

Forbes – New Jersey’s Bureau of Securities permanently barred three former Merrill Lynch brokers accused of helping a hedge fund make tens of thousands of improper trades in mutual funds. Christopher Chung, Kevin Brunnock and William Savino will collectively pay […]

Ex-Citadel Manager Returns 18% With Atom Japan Fund

Bloomberg - Atsuko Tsuchiya, the Japanese hedge- fund adviser who left Merrill Lynch & Co. to found her own firm, led Atom Japan Equity Fund to an 18 percent return in 2008, beating rivals who suffered the worst year on record. […]

Treasury Select Committee turns the spotlight on hedge funds

Times Online – They are the financial world’s most secretive and unaccountable men — but also among its wealthiest and most influential. Today, four of the sharpest speculators in the hedge fund industry will be thrust into the spotlight when […]

Bank of America Receives $138 Billion of Rescue Funds

Bloomberg – Bank of America Corp., the largest U.S. bank by assets, received a $138 billion emergency lifeline from the government to support its acquisition of Merrill Lynch & Co. and prevent the global financial crisis from deepening. The U.S. […]

Alternative Investment Specialist Joins Canadian Hedge Fund

West Palm Beach (HedgeCo.net) – Todd Groome is joining Diversified Global Asset Management (DGAM) as a Managing Director, effective February 1, 2009. Responsible for business development, Groome will also advise the investment team on macro investment themes and the global […]

Volcker Helps Finance Museum Raise $470000 at Gala, Defy Slump

Paul Volcker, one of the men President-elect Barack Obama is counting on to save the U.S. economy, last night helped the Museum of American Finance raise about $470,000 at a gala dinner. The former Federal Reserve chairman’s Rolodex and clout […]

James Chanos Says Hedge Funds Face Regulation: Year in Review

BloombergThe financial wreckage of 2008 has left no part of our country untouched. It exposed the bankruptcy of business models employed by mortgage companies, investment banks, and rating agencies as well as the flaws of innovations such as structured finance […]

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