Tag Archives: goldman-sachs
Summers Pocketed $5 Million from Hedge Fund D.E. Shaw & Co.
New York (HedgeCo.Net) – Lawrence Summers, who is currently serving as Director of President Obama’s National Economic Council, made millions from his days working as a managing director for hedge fund D.E. Shaw & Co. The New York-based hedge fund, […]
Ex-Goldman, Putnam managers to start hedge fund
InvestmentNews – Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC. The firm, Vernon Square Capital LLC, is developing […]
Survey Reports $1.64 Trillion In Hedge Fund Assets
West Palm Beach (HedgeCo.net) – The top 10 hedge fund adminstraators reported $1.64 trillion in hedge fund assets under administration (AuA) in the Q4 2008, according to HFN, with Citco Fund Services, State Street Alternative Investment Solutions and Goldman Sachs […]
Chrysler Talks Stall as Banks Balk at Trading Loans for Equity
Bloomberg – Chrysler LLC, needing lender concessions by March 31, isn’t negotiating with its banks because it can’t persuade them to discuss trading loans for uncertain equity, people familiar with the companies’ actions say. Chrysler must reduce its debt by […]
Yahoo CFO says not opposed to search sale
Reuters – Internet firm Yahoo Inc is "not opposed" to doing a deal that would potentially sell its search business, Chief Financial Officer Blake Jorgensen said on Wednesday. But he said the search business is deeply intertwined with Yahoo’s other […]
Goldman says partners hit by margin calls
Reuters – Goldman Sachs Group Inc said several partners must cover margin calls triggered by the depressed value of Goldman stock and many of the firm’s hedge funds, but the bank denied it is lending money to its executives. "Partners […]
Coffee Risks Squeezing Starbucks, Hedge Funds as Supply Drops
Bloomberg – An unexpected coffee rally sparked by dwindling supplies risks squeezing Starbucks Corp., Kraft Foods Inc. and hedge funds betting on a decline. Demand may exceed output by 8 million 60-kilogram bags in the coming year — almost what […]
Hedge Funds Care to Host 11th Annual New York Open Your Heart to the Children Benefit
NEW YORK, January 21, 2008 – Hedge Funds Care, a global non-profit organization which raises funds and awareness within the hedge fund industry for programs that work to prevent and treat child abuse, announced today that it will hold its […]
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. […]
Hedge Fund Hell: Banks Jockey For Position
Street.Com – Battered hedge funds may still be the best-looking clients out there for banks, which face a dearth of opportunities to do deals in the dead M&A and IPO markets. The business of providing an array of services to […]
The Greenbrier needs to compete
Charleston Daily Mail – The Greenbrier has been a powerful asset to West Virginia since before the state was a state. Its corporate parent today, Florida-based CSX Corp., recently announced that it has hired Goldman Sachs to make the resort […]
