Hedge Funds


  • Merrill Lynch

    Merrill Lynch said its total exposure to risky debt is $27.2 billion, or about $6.3 billion more than what the company disclosed late last month.

  • Fink Considers Merrill Lynch CEO Position Sunday, 4 Nov 2007 | 8:05 PM ET
    Merrill Lynch

    Merrill Lynch's  board of directors has alerted BlackRock chairman Larry Fink that he can take over as CEO if he so choses. Fink, according to sources close to the matter, has said he will take the next two weeks to decide.

  • Merrill's Stock--And Image--Take a Big Hit Sunday, 4 Nov 2007 | 2:46 PM ET
    Merrill Lynch

    Merrill Lynch's credibility and stock took a big hit Friday on reports that the biggest brokerage firm sought to delay billions of dollars of losses on troubled assets by moving them to hedge funds.

  • Hedge Funds Say Measure Would Discourage Investment Friday, 2 Nov 2007 | 4:22 PM ET

    A move to end tax breaks for wealthy hedge-fund and private-equity managers is sparking a debate about whether the measure will discourage investment--and even hurt the U.S. economy.

  • A Building Affair Friday, 2 Nov 2007 | 3:38 AM ET

    From Mumbai to Beijing, the pace of Asia's economic boom is a frantic one. Skylines are dotted with half-built skyscrapers and power lines clutter city streets. With this expansion, comes the urgent need for roads, communication systems and housing – in short, infrastructure.

  • Gold Slides 2.6% But Is Seen Hitting $800 Soon Monday, 22 Oct 2007 | 2:56 PM ET

    Gold skidded 2.6% after matching 28-year highs as worries about the U.S. economy and fears over bank credit triggered a heavy sell-off in financial and commodities markets.

  • Macquarie Raises Offer for Techem to $2 Billion Monday, 22 Oct 2007 | 7:41 AM ET

    Australian bank Macquarie has raised its cash offer for German metering company Techem to 1.43 billion euros ($2 billion), 5.4 percent more than its previous bid.

  • KKR, Goldman Cancel Harman Buy for Lesser Investment Monday, 22 Oct 2007 | 7:16 AM ET

    Kohlberg Kravis Roberts and Goldman Sachs will cancel their $8 billion takeover for Harman International Industries, but will invest $400 million in convertible notes that the audio systems maker will use for a stock buyback, the companies said Monday.

  • A Feminine Affair Friday, 19 Oct 2007 | 4:08 AM ET

    What do Nokia, Conocophillips and MacDonalds have in common? If you said they were leaders in their respective fields, you’d be right of course. But that is only half the story. All three are also considered by the United Nations Development Fund for Women (UNIFEM), as ethical and socially responsible companies, worthy of investing in.

  • No Firesale of Cheyne Finance SIV Assets Thursday, 18 Oct 2007 | 5:33 AM ET

    Receivers Deloitte said an insolvency ruling made on Wednesday means there is no need for an immediate sale of assets in the structured investment vehicle (SIV) Cheyne Finance.

  • Pickens: $100-a-Barrel Oil on the Way Wednesday, 17 Oct 2007 | 7:52 PM ET

    There's no end in sight for the rise in crude oil prices, according to BP Capital CEO Boone Pickens.

  • UK Hedge Funds Draw Up Code of Conduct Thursday, 11 Oct 2007 | 11:23 AM ET

    Britain's hedge funds plan to draw up the first voluntary code of conduct of the industry to increase transparency and improve risk controls, hoping to fending off calls for increased regulation, a senior hedge fund official told CNBC Europe.

  • Hedge-Fund Executives Push for Voluntary Code Wednesday, 10 Oct 2007 | 8:13 AM ET

    A group of leading hedge fund executives on Wednesday published recommendations for voluntary standards on governance and disclosure to address criticisms regarding the opaqueness of the fast-growing industry.

  • An Appetizing Affair Friday, 5 Oct 2007 | 7:04 AM ET

    Here's some food for thought -- has your marketing bill been on the rise of late? Is that loaf of bread or packet of pasta really that much more expensive and why so?  Most important of all, do you know that you can make money from the rising cost of food?  This week's A Fund Affair takes a look at a fund that invests in what you eat. 

  • Two More Shareholders Back Sallie on Offer: Report Friday, 5 Oct 2007 | 6:55 AM ET

    Two Sallie Mae shareholders have indicated they stand behind the company in its effort to block a cut in the takeover price agreed to in April, the New York Post reported on its Web site on Friday.

  • Goldman in Talks to Buy C-BASS Loan Servicing Unit Thursday, 4 Oct 2007 | 6:57 AM ET

    Goldman Sachs Group, which recently said it saw opportunities in the beaten-down mortgage industry, is in talks to buy the subprime servicing business of Credit-Based Asset Servicing and Securitization, people familiar with the situation said.

  • Will October Spook the Market? Monday, 1 Oct 2007 | 1:58 PM ET

    October's normally the month to fear on Wall Street, but it'll be hard to top the scary volatility of the summer. A hefty economic calendar, the start of corporate earnings season, news from the mired housing market, and the continuing unwinding of the credit crunch will keep market volatility high this coming month.

  • Credit Crunch May Spur Hedge Fund M&A Monday, 1 Oct 2007 | 12:23 PM ET

    Smaller hedge fund firms hard hit by the current tighter credit conditions may be bought by larger, more traditional fund houses or may simply fold, law firm Eversheds told Reuters.

  • Australia's Basis Capital Fund Proposes Split: FT Sunday, 30 Sep 2007 | 10:57 PM ET

    Australian hedge fund Basis Capital has proposed splitting its surviving fund in two to save the business, which has been hit by its exposure to risky credit derivatives, the Financial Times newspaper reported.

  • Hedge Funds to Talk to Northern Rock: Report Sunday, 30 Sep 2007 | 12:15 PM ET

    The British Treasury has given two U.S. hedge funds permission to start takeover talks with stricken British mortgage lender Northern Rock, the Sunday Telegraph newspaper reported.

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