Investment Banks news from FierceFinance
News
JPMorgan's future in hedge funds
Not too long ago we were lamenting the trend by top investment banks to move into hedge funds and alternative investments in general. Buying hedge fund firms and launching them internally didn't work... Read more...
Star traders leave banks
We've noted that a big exodus is underway: More bankers are leaving the bulge bracket firms and heading to boutiques, which has led some banks to shoot to repay their TARP funds as soon as possible.... Read more...
Get ready for retail 'bailout funds'
The New York Times reports that the Obama Administration is encouraging top investment banks to create and market the financial-crisis equivalent of war bonds: Bailout funds. The idea is to "give... Read more...
Can hedge funds game the PPIP?
Business Week reports that hedge funds and investment banks are scouring the proposed PPIP for ways to "exploit" the partnership and auctions. One expert tells the magazine the system is highly... Read more...
Synergies between commercial and investment banking?
Not too long ago, as Glass Steagall crumbled, investment banks feared that commercial banks would leverage their lending relationships into investment banking relationships. The advantage seemed... Read more...
Top PE firms to develop banking expertise?
"We can adapt, be part of the solution, or fold up our chairs and exit stage left," said none other than Henry Kravis. But adapting in the private equity industry today means a kind of reverse... Read more...
The future of VAR
The New York Times offers a lengthy retrospective on that oft-quoted, little-understood measure of risk called "value at risk," or VAR. The measure was trotted out dutifully by top investment banks... Read more...
Citi to combine commercial and investment banking
There was a day, long ago when anti-trust regulators thought it wise to separate investment banking from commercial banking. But in the modern era, the idea seems quaint. According to media reports,... Read more...
Morgan Joseph bets on credit markets
Exotic credit-linked securities have been the downfall of too many brand name investment banks as of late. But that spells opportunity for one boutique that carries the name Morgan Joseph--which was... Read more...
Inside a hedge fund disaster
What to make of Ospraie's Dwight Anderson? He built a $9 billion commodities hedge fund that stumbled badly this summer. Anderson seemed to have done everything right. Fortune notes his passion for... Read more...
