NYT Dealbook |
September 5th, 2008 |
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Joe Russell, the Citadel Investment Group executive who helped lead the giant hedge fund's $2.55 billion investment in E*Trade Financial, has given notice at the firm, news reports said Friday, citing unnamed sources.[...]
Seeking Alpha |
September 5th, 2008 |
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PIMCO Bill Gross’ September 2008 “Investment Outlook” asks us to cry for him because he purchased distressed assets too early. Gross complains about deleveraging by not only Fannie Mae (FNM), Freddie Mac (FRE), investment and commercial banks, and hedge funds, but also by individual households. This deleveraging has caused 30-year [...]
Sramana Mitra |
September 5th, 2008 |
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Ever since the Microsoft deal fell through, Yahoo! has been in a free fall mode. The stock got battered and hit a new 52-week low yesterday of $17.75. Shareholders have received a callous treatment in the hands of the Board and Management, and now Carl Icahn and his buddies have [...]
Chicago Tribune |
September 5th, 2008 |
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Top Citadel Investment Group executive Joe Russell, a key architect of the hedge fund's investments in E-Trade Financial Corp. and hedge fund Sowood Capital, has resigned from the firm, according to people familiar with the matter.[...]
Portfolio |
September 5th, 2008 |
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I've finally found some concrete examples of university endowments managing other people's money -- and it turns out to be quite a large business. Anne Tergesen gave a good overview of one way this happens in a BusinessWeek article from last year. Under something called a charitable remainder trust, you [...]
NYT Dealbook |
September 5th, 2008 |
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Hedge fund company Atticus Capital denied market rumors it was liquidating its positions and closing down and said it had a large net capital position and was looking for investment opportunities, The Wall Street Journal reported. "We've heard these rumors as well and they're not true," Tim Barakett, founder of [...]
Speculation sweeping the market that large hedge fund Atticus Capital is liquidating its positions and closing down is not accurate, according to executives of the firm. "We've heard these rumors as well and they're not true," says Tim Barakett, founder of Atticus, which has about $14 billion under management. "We're [...]
The Street |
September 5th, 2008 |
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The hedge fund manager explains how to play stocks based on the companies' CEOs.[...]
24/7 Wall St. |
September 5th, 2008 |
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Merrill Lynch & Co. Inc. (NYSE: MER) is trading down 6% or so in pre-market after Goldman Sachs downgraded the stock to a SELL rating and put shares on its Conviction Sell List. The firm says that it trades at the highest price-to-book multiple in the large cap brokerage firm [...]
24/7 Wall St. |
September 5th, 2008 |
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If the markets are to take bond guru Bill Gross at his word, the world's financial markets could go through a cataclysmic failure. The head of fixed income fund operation Pimco says that a rapid sale of assets by banks, brokers, and hedge funds will cause the credit system to [...]
24/7 Wall St. |
September 5th, 2008 |
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Perhaps some day the Fed will run out of money. The equivalent is happening in China. The People’s Bank of China managed to put a truck-load of money into US mortgage-backed securities and paper issued by Fannie Mae (FNM) and Freddie Mac (FRE). It is hard to be critical of [...]
FT Alphaville |
September 5th, 2008 |
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Poor hedge funds. One minute you're sitting on a bundle of cash and the next minute it's gone - flown away like the Ospraie. Since the announcement of Ospraie's closure on Sept. 2, shares of commodities-related equities have continued a downward slide, as have the commodities themselves - copper, gold,[...]
Seeking Alpha |
September 5th, 2008 |
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The market sold off with a vengeance on Thursday. I have to say it continues to feel like forced margin selling and liquidations among big hedge funds. We already know that $4B Osparie blew up, and today, an even bigger hedge fund (Atticus) had to publicly deny rumors that it [...]
The recent market turmoil has been marked by substantial selling in a handful of concentrated areas, particularly resource-related stocks such as coal and oil-and-gas producers. This week's declines have come at the expense of hedge fund managers, many of whom had bet on integrated oil-and-gas companies and other power producers. [...]
CNBC |
September 5th, 2008 |
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The slowing global economy has put hedge funds in the red. Conrad Gann, of TrimTabs Investment Research, and Mary Ann Bartels, of Merrill Lynch, share their insight. Watch Video MEDIA:VIDEOPermalink[...]
Top tier hedge fund client seeks an exceptional Research candidate.[...]
MN-Minneapolis, Minneapolis-based hedge fund looking for an operations clerk with a minimum of 2 years of fund experience or in the investment industry required. Fixed income or derivatives experience a plus. Person w[...]
The Credit Risk Management and Advisory Dept is seeking candidates to join its Risk Analytics Group (RAG). RAG is responsible for developing quantitative pricing and risk management models for credit risk and hedge fund risk.[...]
New York hedge fund seeks developer/ execution trader for European trading desk.[...]
