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For hedge funds, volatility isn't enough

November 25, 2008 — 3:10pm ET | By Jim Kim
The hedge fund industry's mantra has long been that they thrive on volatility. But recently, people have noted that there's been lots of volatility--record amounts in fact--but hedge funds are... Read more...

How a bear raid might work

April 22, 2008 — 6:59am ET
There has been a lot of talk--and probably a government investigation--about whether short sellers powered Bear Stearns out of... Read more...

The big picture: Will tremors spread?

March 17, 2008 — 7:59am ET
The great fear is that the run on liquidity at Bear Stearns will spread to other tottering institutions. Read more...

Blackstone buys GSO Capital

January 11, 2008 — 7:59am ET
Aiming to profit from the credit crunch, the Blackstone Group has inked a deal to buy hedge fund firm GSO Capital for $620 million up front in cash and stock--and up to $310 million more based on... Read more...

A warning from State Street?

January 4, 2008 — 7:59am ET
State Street has announced that it will set aside $618 million to cover possible legal costs stemming from its foray into subprime securities. That will result in a $279 million loss. State Street... Read more...

More writedowns coming, how big?

January 3, 2008 — 7:59am ET
Here's Q4 cheat sheet: Citigroup is expected to write off about $19 billion. Merrill Lynch, about $12 billion, and JP Morgan Chase about $3.5 billion. The bad news is that will still leave Citigroup... Read more...

Pandit's star shines, as his hedge fund flags

December 10, 2007 — 7:59am ET
As of now, Vikram Pandit presumably sits atop a short list of Citigroup CEO candidates. One blight on his list of qualifications might be unexpectedly poor performance of his hedge fund firm, Old... Read more...

The meaning of Citigroup's earnings

October 16, 2007 — 6:59am ET
Well, even after the pre-announcement, Citigroup's loss was bigger than expected. Still, it seemed to take people by surprise. That the bank's woes may linger into the fourth quarter was another... Read more...

Mutual funds off the hot seat?

October 8, 2007 — 6:59am ET
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The next major Wall Street scandal?

July 1, 2007 — 8:01pm ET

Business Week says this is an open secret on Wall Street: Prime brokers with access to information on big trades are tipping off their other traders and their hedge fund clients, allowing... Read more...

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