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Feds crack down on stock lending abuses
As the number of hedge funds willing to short stocks has grown in recent years, so has the complexity of finding enough shares to borrow. The stock-lending arena turned into a rough-and-tumble sort Read more...
Citigroup to combine debt and equities units
Financial News Online reports that Citigroup has plans to combine its equity and debt capital markets origination divisions into a single unit. The move follows Read more...
New era for Bill Miller opening up?
We tend to think of Bill Miller as the guy who manages the $12 billion Legg Mason Value Trust, famous for having beat the S&P 500 for 15 years straight--a streak that ended recently. But as the Read more...
Hedge funds and the new, new math
After the credit markets tanked, a good number of quantitative hedge funds tanked so much so, that some people started screaming the Read more...
Some perspective on hedge funds
Are we getting to the point that the number of hedge funds will inevitably rise past the number of stocks out there? Seems likely. Read more...
Another hedge fund in trouble?
Pardus Capital Management, a New York hedge fund, became the latest to halt redemptions, according to Financial News Online. The twist here is that the fund was not a credit fund--and it used no Read more...
SPOTLIGHT: Big withdrawals from stock funds
Equity mutual funds have seen about $100 billion pulled by investors in the first three months of the year. Ouch! For now, it seems people have soured on mainstream stocks. Money market funds and Read more...
Fund managers mull bank values
Even with the likelihood of a tough first quarter looming, banks' stocks have been pushed to the point where many think they are now cheap. Those that cut their holdings are being forced to Read more...
How Kervial did it
The question on everyone's mind is: how did he do it? Societe Generale believes that, Jerome Kervial placed large long bets in one portfolio and then created fake hedges in another portfolio. So Read more...
How big will Goldman Sachs new hedge fund really be?
There have been conflicting reports as to how much money Goldman Sachs intends to raise for its splashy new hedge fund launch. Whether it's $6 billion or $10 billion or somewhere in between, it will Read more...