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One nice thing about the fact that Och-Ziff trades publicly is that we have a rough proxy for the entire industry. So, the good news is that the alternative investment firm beat analysts'... Read more...
We've seen some amazing government moves in the last few days: the bailout plan; the decision to directly buy short-term commercial paper from companies; the decision to provide yet more liquidity to... Read more...
Now this is eye popping: Royal Bank of Scotland has announced a $24 billion sale of stock, the biggest offering in British corporate history, according to the AP. The new capital is sorely needed to... Read more...
We mentioned previously that there is a bill in the California assembly that would effectively prevent California pensions from investing in Read more...
Credit Suisse says its nearly $3 billion writedown of asset-backed credit stemmed from a simple mistake: traders were using out of date prices. There is one view that, perhaps, this was intentional.... Read more...
The Blackstone Group has taken some PR lumps this year. Recall the long New Yorker article. But as of late. Wall Street is buzzing about the... Read more...
Have you noticed that fewer employees want overseas assignments? Especially in Europe, the dollar is making things difficult. Many companies have adjusted, of course. Read more...
HarbourVest Partners, of Boston, has listed its HarbourVest Global Private Equity closed-end fund on the NYSE Euronext in Amsterdam, joining KKR, which also listed in Amsterdam, and Apollo.... Read more...
Most people assume that the deal machinery will have to slow in 2008. There seems to be no way, yet another volume record could be broken. So the issue is how hard bankers will be hit. Financial News... Read more...