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Portfolio
Latest Headlines
Latest Headlines
More scrutiny of hedge funds by investors
We've been talking a lot recently about how the power balance has shifted in favor of limited partners of alternative investment funds. Buffeted by big losses in 2008, they have been more demanding about information and more favorable policies, even as many of these funds, especially hedge funds,
BlackRock jumps on the retail hedge fund trend
Is this a sure sign that the retail hedge fund movement is for real? We've been talking for years about how new products would make hedge fund investing possible for retail investors. It's really not a surprise that the biggest asset manager of all seems to be jumping into the fray.
A new fund
And the new Goldman Sachs is...
Here's an arresting statement from a Portfolio article: "Goldman Sachs is no longer the Goldman Sachs of the financial world. JPMorgan Chase is." The essay is all about how in this new era, Goldman "used to be special. Now, Goldman is merely a far smaller bank than JPMorgan. Sure, their result
What really caused the massive Merrill Lynch loss?
People are still buzzing about Merrill Lynch's massive $15 billion loss in December. John Thain has gone public saying Bank of America had knowledge of Merrill Lynch's situation, while Bank of America execs say the loss estimates at the time were a fraction of $15 billion.
Lots of people are n
So how do you deal with toxic assets?
Because Citi is so big, it got lucky. The government will shoulder the lion's share of losses stemming from its portfolio of toxic assets. But that raises an obvious question: What about other banks that hold equally toxic securities. The government will not likely be tailoring similar deals for b
Citi losing the PR war
The news cycle has been exceedingly tough on Citi. Portfolio 's pundit offers this: "I think it's time for Pandit to offer his resignation. The task facing Citigroup now is not to build a 'global universal bank'; it's to stay alive. And Pandit has given no indication he's up to that particu
