Tag Archives: superiors

BNP forks out $26b for Fortis units

Sydney Morning Herald – BNP Paribas SA, France’s biggest bank, agreed to take control of Fortis in Belgium and Luxembourg for 14.5 billion euros ($26 billion), completing a breakup of the lender after a government rescue failed. BNP Paribas will […]

European hedge funds hit by market turmoil

Reuters Paris  – European hedge funds have had a bad week due to the market turmoil from the bailout of AIG and the collapse of Lehman Brothers, the co-founder of French fund of hedge fund manager ERAAM said on Thursday. […]

Bank of America Sells Hedge-Fund Unit to BNP for $300 Million

Bloomberg- Bank of America Corp. agreed to sell its prime brokerage unit that serves hedge funds to BNP Paribas SA, France’s biggest bank, for as much as $300 million after profit at its investment bank tumbled. BNP Paribas’s purchase price […]

Putin Denies Knowing of Banned Hedge Fund Manager Bill Browder

Bloomberg – Prime Minister Vladimir Putin said he’s “never heard of” Bill Browder, founder of the hedge-fund firm Hermitage Capital Management Inc. who has been barred from Russia since November 2005. “I never heard of that name before,” Putin said […]