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...
View ArticleIn 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...
View ArticleFormer 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...
View ArticleHedge 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...
View ArticleFund 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...
View ArticleHedge-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,...
View ArticleFixed 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...
View ArticleKen 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...
View ArticleHSBC’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...
View ArticleHSBC 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...
View ArticleLyxor sees managed account assets doubling
Guardian – French Bank Societe Generale’s Lyxor Asset Management expects to double the assets under management in its managed accounts platform to about $25 billion by the end of the year, reclaiming...
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