leverage news from FierceFinance
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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... Read more...
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... Read more...
More on hedge fund-like mutual funds
We've noted before that the mutual fund and hedge fund industries are converging at the margins. The entire 130/30 movement and the passive hedge fund index movement can be interpreted as the mutual... Read more...
Heresy! Fund manager wants leverage limits
Some might view this as "pulling a Jerry McGuire": Veteran hedge fund manager Paul Singer, of Elliott Management, said at the Ira Sohn Investment Research Conference that regulators ought to limit... Read more...
Goldman Sachs golden all over again?
Goldman Sachs has held up perhaps better than any other of the top banks, judging by its stock price and its CDS spreads. A MarketWatch columnist now says the bank's future looks "brilliant." That it... Read more...
Can the government change the rules of the game?
What Tim Geithner is attempting is ambitious to say the least: To change the very rules by which Wall Street plays, essentially creating a whole new Wall Street. He's making a lot of sense--calling... Read more...
Hedge fund woes spell opportunity for some
A lot of hedge funds have caved as of late, and those that have survived don't have the leverage they once did. That spells opportunity for more traditional investors, who are seeing arbitrage... Read more...
Goldman Sachs takes another punch
Goldman Sachs just can't seem to get it right on hedge funds. After bailing out the Global Equity Opportunities Fund last year and suffering big losses on its Global Alpha Fund, you might have... Read more...
Private equity industry's fair-value problem
Private equity firms must value their portfolio at something representing fair value, but there's a lot of room for interpretation. That's where the International Private Equity Valuations Board,... Read more...
Tricky terrain: Distressed mortgage assets
So is now the time to jump into distressed mortgage securities? A lot of funds thinks so, but some may have jumped a bit early. Fortress Investment Group has been lumped into the "a bit early"... Read more...
