Tag:

leverage

Latest Headlines

Latest Headlines

Jamie Dimon on the future of banker compensation

Are we at a compensation inflection point in the banking industry? The conventional wisdom is that the glory days of fat compensation are over. This view was eloquently expressed at the recent Goldman Sachs bank investor conference by Kenneth Jacobs, the CEO of Lazard. As quoted by Financial

ETFs to the rescue of emerging market hedge funds

Hedge funds bailed out of emerging markets in September, driven in part by heightened redemptions. That helped spark a large decline in most of the emerging market indexes. The Barclay Emerging Markets Index, for example, fell nearly 8 percent in September, the worst since October 2008, accord

John Paulson faces his future

In the hedge fund industry, the star of stars over the past few years has been John Paulson, who was putting together a legendary track record. He was on track to be placed someday in the same constellation where the likes of Julian Robertson and George Soros now reside. Paulson may get there

Registration rule to affect more hedge funds

When the new SEC registration rules came out, it seemed pretty clear how funds would be affected: Funds with more than $150 million in assets would be required to register. Any fund with lesser amount would be regulated by states or not at all or have some discretion. But there's an interestin

Study: Hedge fund leverage not a systemic problem

Recall that the Financial Stability Oversight Council--a child of Dodd-Frank--was tasked with determining which nonbank financial companies posed a systemic financial risk and should therefore be subject to additional oversight. It has fallen behind somewhat on its mission, as have many initiative

What will a Goldman Sachs settlement look like?

While settlement talks between Goldman Sachs ( NYSE: GS ) and the SEC ( SEC news) have heated up, it's unclear how close they are to an actual agreement. For both sides, there are some potential problems. For Goldman Sachs, it will be imperative to not admit any sort of guilt on a fraud c

Looking to Bank of America for bank valuations

We've noted that analysts have a lot to deal with when it comes to estimating bank earnings. There's a whole of lot of accounting minutiae to deal with in addition to operations. So the average official estimates have come to mean less and less. But TheStreet.com argues that the decision on wh

An interesting look at Merrill's pay plan

The New York Times takes a look at Merrill Lynch's bonus plans and notes there's a lot to like about it. Even Kenneth Feinberg would have to approve. The 2006 plan emphasizes stock ownership, ties up compensation for several years (expiring in 2010), and includes a de facto clawback feature--a

Morgan Stanley's future in prime brokerage

What are Morgan Stanley's intentions in the prime brokerage model? Well, fairly or not, the perception has developed as of late that it was seeking a new business model that relied less on leverage and anything seen as risky. Many assumed it wanted to ratchet back in prime brokerage, after having

The big picture on hedge funds

Crain's New York says: "Hedge fund managers, the symbols of Wall Street's latest gilded era, are digging in and fighting for their very survival in a new world of heavier regulation, far less leverage and substantially slimmer profits. In the coming year, up to 25% of all funds are expected to