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Latest Headlines
Latest Headlines
PIMCO's Bill Gross reverses bet on Treasury bonds
PIMCO's Bill Gross generated headlines--he always generates headlines--for his well-publicized bet that long-term Treasury would rise earlier this year.
The big bet spooked some of his peers into following suit, which turned out to be a bad move, as Treasuries soared, shaking out a lot of the
Revenue-hungry pols eye hedge funds
In this season of reform, you can't blame politicians from pondering ways to wring more revenue from hedge funds ( hedge fund news). But it's not as easy as they might think. The hedge fund industry so far has escaped various attempts to raise revenue on their backs. But more attempts are n
The key to Blankfein's success?
The PR folks at Goldman Sachs can pat themselves on the back for the interview the New York Times did with CEO Lloyd Blankfein. It was certainly free of controversy and burnishes the image of Blankfein as only a Times spread can. But it did contain one quite interesting nugget: When the go
Nervousness over Bank of America earnings
We've seen a lot of equity analysts turn bullish on Bank of America. Some have waxed surprisingly optimistic, but there's still quite a bit of risk out there if you ask Citi analyst Keith Horowitz. Bucking the trend, he has told clients that he expects Bank of America to report a quarterly loss of
New Goldman Sachs approach to fixed income?
Goldman Sachs Asset Management seems to be growing more bullish on fixed income. It will add to its exposure over the next three to six months, perhaps starting with financial issues, reports Reuters . But the really interesting news is that the bank also seems to be rolling out a new way of as
Morgan Stanley hurt by rise of its own bond prices
So much for the string of upside earnings surprises. Morgan Stanley reported a first-quarter loss of 57 cents a share ($177 million) vs. an expected loss of 8 cents. For the month of December--a month that fell, much like earnings at Goldman Sachs--before the official Jan.-March quarter, it lost $
Buffett gives Wells Fargo a boost
Is Warren Buffett merely trying to talk up an investment? Given that Berkshire Hathaway was Wells Fargo's largest investor at the end of 2008, with a 7.2 percent stake, you might think so. But he's known as a straight shooter, and his credibility led Mr. Market to bid up Wells' stock energetically
Paul Tudor Jones hit by credit crunch
Paul Tudor Jones, join the club. The famed hedge fund manager has been forced to suspend redemptions, like so many of his peers, in the face of what has been a debilitating rush to the exits. The Financial Times reports he sent investors a letter explaining that clients were seeking to redeem
At least one hedge fund is thriving
John Paulson rocketed to hedge fund fame and glory last year, when his prescient bets against anything subprime-related paid off in spades. He's having another good year, though it's doubtful he'll make another $3 billion . Through the end of August, Paulson's $7.4 billion Paulson Advantage Plu
Merrill Lynch now grades stocks on a curve
Following the ground-breaking 2003 "global settlement" of tainted research charges, top banks with large retail units tinkered with their stock rating systems. Merrill Lynch became the latest to adopt a new plan that it calls an "an absolute system with a relative twist." This plan will enforc
