Tag Archives: investment-banking

HSBC Banker Sees Opportunity With Hedge Funds

New York Times – The investment banking chief of HSBC Holdings said he sees a “significant opportunity” to boost revenue from hedge funds after the collapse of Lehman Brothers last year, Bloomberg News reported. At a Nomura Holdings conference today, […]

HSBC’s Gulliver Says Revenue From Hedge Fund Services May Rise

Bloomberg – Stuart Gulliver, HSBC Holdings Plc’s investment banking chief, said he sees a “significant opportunity” to boost revenue from hedge funds after Lehman Brothers Holdings Inc.’s collapse last year. “We’ve seen a number of hedge funds moving their accounts […]

Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds

Bloomberg – The office of Kenneth Moelis in Los Angeles is a shrine to an investment banking career spent catering to the rich. Shelves and a table groan under the weight of dozens of Lucite deal tombstones featuring companies controlled […]

Fixed income unit boosts BNP Paribas CIB revenues

Boston Globe – French bank BNP Paribas’s revenues from corporate and investment banking nearly doubled in the second quarter as robust investor demand boosted revenues from the bank’s fixed income business unit. BNP Paribas’s CIB revenues totaled 3.351 billion euros […]

Hedge-Fund Investors May Add $50 Billion in 2009, Barclays Says

Bloomberg – Hedge funds may increase assets by more than 8 percent this year as clients led by pension plans and rich families invest $50 billion of the cash they held while financial markets fell, according to a report by […]

Fund managers poised for wave of consolidation

Reuters – Hedge fund and traditional money management firms hard hit by last year’s market meltdown are poised for a surge of mergers and acquisitions to bolster depleted assets and widen sources of revenue. "We’re going to see a massive […]

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 […]

In Lieu of Bailout, a New Strategy

Atlanta Journal Constitution – Unlike the nation’s banks, hedge funds haven’t been lining up for government bailouts in the wake of losses they can’t handle. But the funds do share one Wall Street problem: a huge mismatch between the short-term […]

China-focused funds raise $12 bln in Q2

Reuters Shanghai- Ten new China-focused private equity funds raised $12 billion (six billion pounds) in the second quarter, but poor market conditions have forced foreign funds to delay exits of their investments through IPOs and secondary offerings, consultant firm Zero2IPO […]