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Equity Stake
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Latest Headlines
Hedge fund seeders eye next generation talent
For hedge fund seeders, these are good times. As an industry, hedge funds seem to have finally vanquished the ill-effects of the financial crisis and big pensions and endowments are as hungry as every for their product. There are even signs that the vaunted preference for large established hedge f
Goldman Sachs denies Libya report
Goldman Sachs ( NYSE:GS ) is denying a front-page WSJ article that claimed the company offered a massive Libyan sovereign wealth fund the opportunity to buy a sizeable Goldman Sachs equity stake.
Goldman Sachs spokesman Lucas Van Praag was quoted in a CNBC report as saying that, "the
Demand for returns creates small hedge fund opportunities
Most people assume that in the Dodd-Frank era, large hedge fund companies have a leg up, given their ability to invest in compliance programs and their more established track records. But the need for returns is so great that we'll likely see more pensions--public and private--allocate more to sma
A great PR move for Goldman Sachs?
There's no doubt that Goldman Sachs ( GS ) and to some extent Morgan Stanley ( MS ) face some tricky PR issues when it comes to bonus payments for 2009. They are going to be massive at Goldman Sachs anyway--at a time when the economy is reeling. Not paying these bonuses is not really an op
Talks stall, fate of bailout unknown
At one point, it looked there would be an agreed-upon bailout plan. But then it all fell apart, leaving the fate of the plan up in the air. The combatants will try again today. At the White House, a surprise proposal was floated by John Boehner of Ohio that featured a smaller role for government.
The public is not buying the bailout
Even as Congress seems to be moving toward a final version of the bailout plan, it's clear that the American public is not buying it. This is how the New York Times puts it: "Americans' anger is in full bloom, jumping off the screen in capital letters and exclamation points, in the email inbox
Valuations are the big issue in bailout
Let's say that the government agrees to some sort of bailout. At some point, the RTC-like entity will use taxpayer money to buy distressed securities. And therein lies the big challenge. How do you value the securities? It's a bit like an IPO. Price it too high--and the buyers (taxpayers in our ca
Merrill Lynch pushes into independent research
Following the Goldman Sachs  model of independent research, Merrill Lynch has launched Merrill Open Minds, a service that connects clients with third-party research, according to Financial News Online . The research, in some cases, extends beyond standard stock reports, into areas of g
