Dec 11- British bus and rail operator FirstGroup Plc has received a letter from one of its biggest shareholders, urging the company to sell its U.S. businesses in order to pay down debt, the Financial Times reported.» Read More
A South Korean high court on Tuesday cleared U.S. private equity house Lone Star of manipulating the stock price of a former credit card unit of Korea Exchange Bank, rejecting an earlier ruling.
The girlfriend of a missing hedge fund swindler was arrested Thursday and charged with helping him elude his sentence on the day he was supposed to begin serving 20 years in prison.
U.S. authorities said Thursday they have arrested a woman who helped missing hedge fund manager Samuel Israel III stage his suicide in order to avoid serving a 20-year prison sentence for fraud.
The hedge fund industry is set to attract bankers and traders from an exodus of high-flyers leaving troubled investment banks in search of bigger bonuses and better job security.
The credit crisis is not over, and losses in the financial sector are set to be around $1.3 trillion, according to star hedge fund manager John Paulson, who says he remains short credit.
Goldman Sachs has nearly completed a long-awaited rescue of a $7 billion structured investment vehicle, sources said, just as it adjusts to the credit crunch by laying off hundreds of bankers.
Authorities are hunting for former hedge fund manager Samuel Israel, who appears to have staged his death a week a ago. With no body, authorities were all but certain Israel had staged a hoax.
Federal authorities have ruled out suicide in the disappearance of a missing hedge-fund swindler whose car was found on a New York bridge with the words "Suicide is Painless" written in the dust on the hood.
Federal authorities strongly suspect he is alive, and have begun an international manhunt for the former hedge fund manager, who was facing a 20-year prison sentence for defrauding investors out of about $450 million when he disappeared on Monday.
U.S. authorities were trying to determine on Friday whether a fugitive financier who was thought to have faked his suicide will have enough money to sustain life on the run.
CNBC has learned the estate case of hedge fund manager Seth Tobias has been settled, pending the approval of a Florida probate judge on Monday. Tobias, the founder of the Circle T Family of Funds and a frequent CNBC guest, was found dead in his swimming pool in the early morning hours of September 4. He was 44 years old.
Companies traditionally get loans from banks, but with so many lenders stretched and with credit so tight these days, businesses are turning to what might seem like an unlikely source for cash: hedge funds, the New York Times reported.
U.S. Marshals are questioning a man in connection with the disappearance of convicted hedge fund millionaire Samuel Israel, according to a report from WNBC.
In a blow to Citigroup Chief Executive Vikram Pandit, the bank plans to close a hedge fund he co-founded and will buy what is left of its assets, The Wall Street Journal reported on Thursday.
The manhunt for a hedge fund manager who skipped his prison date and may have killed himself dragged into a third day Wednesday as police look for a body and other agents search for a rich man who may be on the run.
A former hedge fund manager who cheated investors in his Bayou Group fund out of $400 million and was expected to report to prison for his crime, may have committed suicide, police in New York said.
Investors pulled a net $5.9 billion out of U.S. hedge funds in April, marking the industry's biggest outflow in 6-1/2 years as they punished managers for their worst-ever returns at the start of 2008.
The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.
The level of risk on Lehman Brothers Holdings', balance sheet remains too high despite moves to improve its balance sheet strength, hedge fund manager David Einhorn told Reuters Monday.
David Einhorn, hedge fund manager of Greenlight Capital, has been making waves in the media spotlight recently by eagerly sharing his thoughts on the financial trouble facing Lehman Brothers.
All eyes are on the Fed's big announcement Tuesday. Fortunately, the taper and QE don't really matter all that much.
As we tick down to the Fed's policy statement, here's a tour through current policy with an eye to what might change.
Markets have been anticipating the Fed's direction ever since it began dropping hints about a decrease in asset purchases.