Malaysian 5-year bond-swaps negative
Forbes – The spread between Malaysia’s 5-yr IRS and 5-yr government bond yields hit a negative 9.5 bps on Thursday, as hedge funds and other speculators aggressively received 5-year swaps. The spread...
View ArticleMorgan Stanley, Citi Lose Oil Analysts as Hedge Funds Hire
Bloomberg- Wall Street is losing its top oil analysts as securities firms suffer record losses and hedge funds offer the promise of higher pay. Morgan Stanley’s Douglas Terreson and Citigroup Inc.’s...
View ArticleCitigroup’s head of hedge fund services leaves
BusinessWeek- Citigroup Inc.’s head of hedge fund services is leaving the company, according to an internal company memo. Steve Bowman has worked at Citi, now the nation’s largest bank by assets, for...
View ArticleEDF Battles Hedge Funds, Power Traders to Keep Nuclear Secrets
Bloomberg- Christian Kunze pays French farmers to install camouflaged, shoebox-sized “power stalkers” in fields near nuclear stations owned by Electricite de France SA, collecting data the world’s...
View ArticleFormer hedge fund head files against Citigroup
MSN MoneyCentral- A former manager of a Citigroup Inc hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund’s demise, the Wall Street Journal reported on...
View ArticleAIG Earnings Slump on Private Equity, Hedge Funds
Bloomberg – Just when American International Group Inc. shareholders figured things couldn’t get worse at the world’s largest insurer, profit from the company’s private equity and hedge fund...
View ArticleCitigroup to Close Another Hedge Fund
New York (HedgeCo.Net) – Citigroup Inc. will close its $400 million Tribeca Convertible hedge fund in what will help wind down the $2 billion Tribeca Global Investments Group, according to a report...
View ArticleDIFC denies reports about involvement in Rashed Investment Bank
The DIFC has clarified its position on news reports that have recently appeared regarding ‘Rashed Investment Bank’ an Islamic investment bank which has been proposed to be set up in Dubai. The DIFC...
View ArticleLehman Goes Banktrupt in High Profile Casualty Case
West Palm Beach (HedgeCo.net) – Lehman Brothers, Wall Street’s fourth biggest investment bank has filed for bankruptcy, making it the largest and highest-profile casualty of the global credit crisis,...
View ArticleCitigroup Purchases Wachovia, Reclaims Throne
New York (HedgeCo.Net) – Citigroup Inc. has purchased Wachovia’s banking operations at a price tag of $2.16 billion, or roughly $1 a share, after losses stemming from bad mortgages rendered a...
View ArticleTreasury Said to Invest $125 Billion in US Banks
Bloomberg – The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government’s latest attempt to shore...
View ArticleHedge Funds May Fall to $1 Trillion by Mid-2009, Citigroup Says
Bloomberg – Hedge-fund assets may fall to about $1 trillion by the middle of next year, a decline of almost 50 percent from their peak in June, because of market losses and client withdrawals,...
View ArticleCitigroup to Liquidate Hedge Fund
New York (HedgeCo.Net) – Citigroup Inc. will be liquidating its Corporate Special Opportunities fund after losing over half its value last month, according to a report by the Financial Times. The...
View ArticleCompanies and Markets Reports on Hedge Funds in Europe 2008
West Palm Beach (HedgeCo.net) – Companiesandmarkets.com has released a report presenting views on the market for hedge fund investment based on a survey of 100 leading asset managers across Europe. The...
View ArticleCitigroup eyes options, including merger
Reuters – Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support...
View ArticleRivals bet against Morgan Stanley in September
Forbes – Major Wall Street firms placed large bets against Morgan Stanley using credit-default swaps, two days after Lehman Brothers Holdings Inc sought bankruptcy protection, the Wall Street Journal...
View ArticleCiti Prime Brokerage Singapore Head Leaves Co-Sources
CNN Money – In another sign the financial crisis is hitting Asia’s once booming hedge-fund industry, Alexis Fosler, the head of Citigroup Inc.’s ( C) prime brokerage team in Singapore has left the...
View Article
