*Founder Ercil was formerly Asia head of Perry Capital. *Opportunities for Asia distressed asset investment growing. ARCM, founded by Alp Ercil, the former Asia head of New York- based Perry Capital, has become one of the largest hedge fund companies in the region.» Read More
ACA, the main investor in a failed mortgage-securities deal that prompted fraud charges against Goldman Sachs, appears to have caused some of the $1 billion loss itself, CNBC has learned.
President Barack Obama told CNBC Wednesday that there was no connection between the White House’s push for financial reform on Wall Street and the civil fraud charges filed against Goldman Sachs spacer on Friday.
I’d like to weigh in on this whole SEC securities-fraud action against Goldman Sachs. The feds have, of course, alleged that Goldman made materially misleading statements and omissions in connection with a synthetic collateralized debt obligation (CDO) that was structured by Goldman and marketed to investors.
No matter what happens with the securities-fraud case against Goldman Sachs , the firm needs to concentrate on shoring up its tarnished image, two experts told CNBC.
The mortgage-securities deal that led to fraud charges against Goldman Sachs was a one-time transaction, and John Paulson's hedge fund actually had a limited role in selecting the securities for the failed $1 billion deal, according to a former Paulson lieutenant.
The sell-off in oil has intensified as much of Europe is still paralyzed by air travel disruptions caused the the volcanic ash cloud hovering above parts of the continent.
Three authors who have written major books about the financial crisis gave their opinion on the Goldman Sachs civil case, filed by the SEC on Friday.
According to his sources, the bank was long on ABACUS, not short.
More than perhaps any other investor, John Paulson has been lauded for his foresight in predicting a quick and painful end to this decade’s mortgage boom. And the hedge fund manager has been rewarded handsomely for his big bets.
As the financial crisis causes more banks to fail, the cash-strapped FDIC may be forced to back away from its longstanding policy of preventing hedge funds from buying banks.
The former CEO of Procter & Gamble Co. has landed a new job with a private equity firm.
Something incredibly simple can give you the edge on Wall Street vets.
The Lazarus-like recovery of the nation’s big banks did not benefit just the bankers — it also created huge paydays for hedge fund managers, including a record $4 billion gain in 2009 for one bold investor who bet big on the financial sector.
Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.
This is certainly one of them, Cramer says.
A former I.B.M. senior executive pleaded guilty on Monday to providing confidential information about Advanced Micro Devices and Lenovo to a friend who was a hedge fund consultant and an alleged participant in a wide-ranging insider trading scheme.
Citigroup has expanded its up and coming hedge fund servicing team by adding 13 new hires to its Global Prime Finance Group in London and New York, the FT reports.
HE is a billionaire several times over. He has spent the better part of four decades terrorizing corporate chiefs and battling entrenched boards. His name is emblazoned on a stadium on an island in the East River, a laboratory at Princeton, a science center at the Choate Rosemary Hall school in Connecticut and charter schools in the Bronx.
Plus, get Cramer’s take on tax “avoidance” versus tax “evasion.”
The annual Forbes billionaire face-off is back. And this year the billionaires are back, too. In 2009, a financial bloodbath slashed the assets of the world's wealthiest in half. In 2010? A revival.
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.