Tag:
high profile
Latest Headlines
Latest Headlines
Top banks still building hedge fund units
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. Goldman Sachs  continues to rebuild after its near-disasters last year. Financial News Online reports
Lazard, a safe haven right now?
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 high-profile investment banking boutique said its quarterly net rose to 73 cents a share against exp
Merrill and CFO rumors
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 in jeopardy. But you have to wonder if the bloodletting is done. Merrill Lynch just last week axed
Hedge fund woes spreading to art market?
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. Now, Financial Week reports that the art market is experiencing some ripple effects, though no o
Surprise: Most hedge funds fare well in July
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 500, which fell. So far this year, the Greenwich index is up nearly 8 percent. Of course, hedge funds thri
Merrill aims to rebuild in high-yield market
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
What's up at Wachovia's investment banking unit?
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 tables for many other categories. So you have to wonder what the bank's intention's are. Does it intend t
Prince speaks about Citigroup's strategy
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 on expanding abroad, on perhaps ceding some ground to domestic competitors in the retail banking market an
JPMorgan earnings stoke wider fears
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 alleviate fears of a stronger slowdown in retail banking, a fear that is haunting the entire commercial bankin
More banker defections at JPMorgan
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 become vice chairman at Morgan Stanley, and Bernard Taylor, who resigned as vice chairman to set up
