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The big bailout will likely mean big bucks to a few lucky asset managers, all of whom are jockeying for their piece of the pie. The $700 billion bailout is looking more and more like a gravy train.... Read more...
KBW has put a value on Merrill Lynch's 49 percent stake in asset manager BlackRock: $30 to $35 billion, reports MarketWatch. This qualifies as a crown jewel in the Merrill portfolio of assets. If it... Read more...
There are a lot of myths when it comes hedge funds. The most common is that they are secretive and opaque. That's true to some extent. Not want to give away their... Read more...
Pimco is making it known on Wall Street that it is hiring. It has apparently approached between five and 10 top banks, presumably via HR, and asked them to inform pink-slipped employees of openings... Read more...
The best time to buy in is always when things are at their worst. According to Financial News Online, William Katz of Buckingham Research thinks that asset managers of the mutual fund... Read more...
Despite the hedge fund woes we're now seeing, it's fair to say that asset managers of all stripes are bent on getting into alternative investments. The conventional wisdom is that that is what... Read more...