high profile news from FierceFinance

The time is ripe for hedge funds deals. Despite some big issues for credit-related funds and some high-profile macro funds, top banks are taking the opportunity to expand their presence. Read more...

If you aren't a hedge fund, don't own or operate any SIVs, and are not in the subprime mortgage business, there's a chance right now that you can really stand out. Look no further than Lazard. The... Read more...

Will Merrill Lynch force out its chief financial officer Jeffrey Edwards? CNBC reported that he might be replaced over the next few months. But the company promptly issued a denial, saying he is not... Read more...

One chuckles to think of hedge fund managers as patrons of the arts. But they were certainly huge buyers in the boom times. Prestige works became huge status symbols, and the market really soared.... Read more...

What gives? It's a tale of two fund types right now. FINalternatives reports the Greenwich Global Hedge Fund Index gained 0.13 percent in July. That actually beat the Standard and Poor's... Read more...

Merrill Lynch has once again become something of a go-to player in high-yield bonds. About four years ago, it was languishing, not even ranking in the top ten. Since then, it has recommitted to... Read more...

Wachovia isn't exactly known as a Wall Street power, but it is a top-five player in certain areas, such as real estate, CMBS and CDO underwriting. It ranks high also in the underwriting league... Read more...

Charles Prince made a widely anticipated presentation at an investor conference, and offered some choice nuggets. According to TheStreet.com, he painted a picture of a bank that is intent... Read more...

You have to hand it to JPMorgan, which managed to beat estimates by four cents in the third quarter. Investment banking was strong, as most people expected. But the earnings did little to... Read more...

What's up at JPMorgan? A spate of high-profile banker defections at the bank has raised eyebrows across the Street. Notable departures include Rob Kindler, former global head of mergers, who left to... Read more...