Tag Archives: wall street
Madoff faces 150-year sentence after guilty plea
Hindustan Times – Bernard Madoff, whose $50-billion fraud devastated individual and institutional investors worldwide, could spend the rest of his life in prison after pleading guilty later this week. In a court hearing Tuesday, defence lawyer Ira Sorkin said that Madoff would […]
Citadel marketing new fund with lower fees
Reuters – U.S. hedge fund Citadel Investment Group LLC plans to roll out several new funds, including one with lower fees that will aim to make money on currencies, interest rates and other trades based on broad economic trends, the […]
$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 […]
Man Up! Hedge-Fund Man’s Advice for Wall Street
Bloomberg – Before I quit my job trading bonds for my former Wall Street employer and set up my first hedge fund, I thought long and hard. I stared at the ceiling every night, unable to sleep, and asked myself, […]
The Icelandic Volcano Erupts
Middle East Online – Can a Hedge-Fund Island Lose Its Shirt and Gain Its Soul? In December, reports surfaced that Treasury Secretary Henry Paulson pushed his Wall Street bailout package by suggesting that, without it, civil unrest in the United […]
JWM Partners considers new fund- WSJ
Reuters – John Meriwether and the other partners in his hedge-fund company, JWM Partners LLC, are considering launching a new fund, the Wall Street Journal said, citing a senior official at the company. The new fund could be set up […]
Hedge fund fees are being squeezed
MIGHT two-and-twenty become one-and-ten? Since 1990 the number of hedge funds has grown by 14 times to over 7,000, but abundance has not lowered prices. Funds typically still charge clients a management fee of 2% of assets and 20% of […]
FACTBOX-Companies exposed to Madoff
Forbes – Following are some of the companies exposed to the alleged $50 billion securities fraud by Wall Street pioneer Bernard Madoff: * AUSTIN CAPITAL MANAGEMENT – The company managed money for the Massachusetts state pension fund, which lost […]
Dan K. Thomasson: Gordon Gekko lives
Inside Bay Area – Not Terribly long ago all that was wrong with Wall Street was embodied in the character Gordon Gekko as portrayed by actor Michael Douglas in the smash hit movie, "Wall Street." For those who missed the […]
