Hedge Funds news from FierceFinance
News
Pandit's hedge fund not faring well
The news that Citigroup will essentially wind down Old Lane, the hedge fund firm that Citigroup bought for $800 million, may stand as an omen. The fund--which was Read more...
Microsoft to the rescue of Yahoo?
We noted not too long ago that it might not be wise to assume that the Microsoft-Yahoo dance was completely over. Ever since Jerry Yang and company spurned Steve Ballmer and company, Yahoo Read more...
Moody's makes a few changes, keeps letters
Moody's surveyed its customers recently, and they apparently were in favor of keeping the ratings agency's time-honored letter ratings, AAA and so forth. To many critics, these letter ratings mean Read more...
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Read more... Can the alternatives boom keep on booming?
When you get down to it, the private equity and hedge fund industries were built on the backs of millions of hard-working folks earnings civil servants wages--police officers, teachers and others. Read more...
Double-edged sword: Rising commodities prices
We tend to think of big farm-type companies as hedgers, who take the other side of bets waged by hedge funds. But when you get down to this, there's a fine line Read more...
C&L: Executive Moves
> Lehman's Rick Rieder to launch hedge fund> Citigroup shifts Alberto Verme Read more...
ALSO NOTED: Blackstone adds to Asian hedge fund lineup; Wachovia to review controls; and much more...
Company News:> Former Bank of America exec extradited. Article > JPMorgan to cut 4,000 jobs. Read more...
More on SWFs and top banks
We've noted that sovereign wealth funds, despite the political controversy, represent a vast source of new business of Wall Street firms. IDD fleshes out the idea a bit. Read more...
Growth in prime brokerage continues strong
For the fireworks we've witnessed in the hedge fund industry, the fact is that the industry is thriving. The big institutions are not Read more...