NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.» Read More
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.
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 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 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.
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.
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.
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.
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.
Legendary investor Warren Buffett may be considering buying a minority stake in the nation's fifth-largest investment bank, according to a newspaper report.
Bear Stearns shares soared on Wednesday on a report that several investors, including Warren Buffett, may buy part of the Wall Street investment bank.
The SEC said Alexander James Trabulse sent statements to investors in his Fahey Fund that inflated the fund's returns by as much as 200 percent.
Tight oil supplies, red-hot global demand and a weakening dollar will boost average oil prices to a record level next year, a Reuters poll showed on Wednesday.
Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock, according to a newspaper report on Sunday.
Two private equity firms have backed out of their $8 billion buyout of upscale audio equipment maker Harman International Industries, making it the latest in a string of such deals to run into trouble amid tightening global credit conditions.
Like an orchestra tuning up, financial markets are trying to find the right pitch after the Fed's big rate move. The market moves have been dramatic, and for the time being, it's likely they'll continue that way.
Greater China investors have much to celebrate. Despite the recent turmoil in financial markets, stocks in China and Hong Kong are still booking double- and triple-digit gains year-to-date. This week's A Fund Affair takes a look at a hedge fund that invests in Chinese companies listed across the region.
Goldman Sachs' flagship Global Alpha hedge fund sank 22.7% in August, the worst month in its 12 years of operation, the Wall Street Journal reported Friday, citing a letter from the fund to investors.
South Korea will loosen regulations on foreign asset management firms and domestic private equity funds as early as this year, the finance ministry said on Thursday.
I attended a meeting of about twenty-five hedge fund traders last night. These informal gatherings are fairly common on the Street; they're often sponsored by sell-side trading houses. Usually, it's a discussion on long and short positions of the various traders.
Could the housing market's woes spread to bonds held in mutual funds by millions of ordinary investors?
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Investors will get a little time to catch their breath after Friday's record-breaking Alibaba trading debut, but not too long.
What is historically the worst month for stocks may turn out to be the third quarter's best month for traders.
Eugene Fama, the University of Chicago investing researcher, once again warned investors against the lure of active management.