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May 15, 2012

Dimon pushes Blankfein off hotseat at charity gala

NEW YORK, May 15 (Reuters) – For the first time in months,
Goldman Sachs CEO Lloyd Blankfein was off the hotseat.

As Wall Street’s biggest hedge fund managers and top
bankers flocked to a charity gala in New York Monday night, the
buzz was all about JPMorgan Chase & Co’s disastrous
trading losses and the pressure on CEO Jamie Dimon.

May 11, 2012
via Unstructured Finance

Over dinner in Sin City, Gore and hedge fund honchos talk taxes and Obama

Fund manager Anthony Scaramucci, also known as the “Mooch,” likes to bring big-name politicos to his annual hedge fund convention-cum-carouse, the Skybridge Alternatives Conference, or, as most simply call it: SALT.

Last year, Scaramucci procured former President George W. Bush to be SALT’s keynote speaker. This year, former vice-president Al Gore scored the keynote time-slot.

May 9, 2012

At hedge fund confab, talk of devaluing the euro

LAS VEGAS (Reuters) – Economists gathered in Las Vegas for a hedge fund conference were focused on the crap games going on in Europe.

“Europe is a huge mess,” Jeremy Siegel, professor of finance at the Wharton School of Business in Philadelphia, Pennsylvania said at the annual Skybridge Capital hedge fund conference here.

May 8, 2012

Vets need work: Marine dad, hedge fund boss Cohen

NEW YORK (Reuters) – One of Wall Street’s most successful hedge fund managers, SAC Capital Advisors’ Steven Cohen, told of one of the most terrifying days of his life on Monday.

Speaking at a New York City veterans event, the usually private money manager revealed his personal connection to the war in Afghanistan, and why he has focused on the welfare of U.S. military veterans in his role on the board of a New York charity with deep Wall Street ties.

May 7, 2012

After strong start to year, hedge funds fall in April

NEW YORK (Reuters) – Hedge funds lost some ground in April, after the industry stormed into 2012 with the best first-quarter of performance since 2006.

The HFRI Fund Weighted Composite Index fell 0.36 percent last month, according to data released Monday by Hedge Fund Research, which tracks industry performance and flows.

May 3, 2012

Fortress profit down but beats analysts’ estimates

May 3 (Reuters) – Fortress Investment Group’s profit
sank in the first quarter of 2012 as incentive fees in some of
the firm’s hedge and credit private equity funds declined,
though the results still beat Wall Street expectations and the
firm tightened losses sharply due to reduced compensation
expenses.

New York-based Fortress, one of a small group of publicly
traded investment managers, said on Thursday that pretax
distributable earnings fell about 45 percent to $57 million, or
11 cents per share, from $103 million, or 20 cents per share, a
year earlier.

May 2, 2012

Goldman CEO: support for gay rights ‘not without price’

NEW YORK, May 2 (Reuters) – Goldman Sachs Group Chief
Executive Lloyd Blankfein said on Wednesday his recent very
public support for gay rights had cost the investment bank at
least one client.

At an event discussing Wall Street’s role in pushing for
greater lesbian, gay, bisexual and transgender equality across
corporate America, Blankfein said his stance on the matter was
“not without price.”

Apr 30, 2012

Analysis: U.S. mortgage funds emerge even as housing stays weak

NEW YORK (Reuters) – The U.S. housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street.

A number of hedge funds, asset managers and investment banks have launched vehicles dedicated to investing in the mortgage sector, often in securities backed by those loans, and sometimes focused on scooping up bargain-priced mortgages themselves.

Apr 25, 2012

Trio settles SEC insider trading suit for $33 mln

NEW YORK, April 25 (Reuters) – Three men who pleaded guilty
last year in an elaborate 17-year-long insider trading scheme
agreed on Wednesday to pay a combined $33 million to settle
civil charges filed by U.S. securities regulators.

Former corporate lawyer Matthew Kluger, stock trader Garrett
Bauer and former mortgage broker Kenneth Robinson were charged a
year ago by New Jersey federal prosecutors with trading on
inside information ahead of at least 11 corporate deals.

Apr 19, 2012

Hedge fund assets reach record levels in Q1

NEW YORK, April 19 (Reuters) – Investors poured billions of
dollars into hedge funds in the first quarter, helping to send
total industry assets into record territory, data released
Thursday shows.

Investors allocated a net $16 billion to hedge funds in the
first three months of the year, according to Hedge Fund
Research, which tracks industry flows and performance.

    • About Katya

      "Katya Wachtel is a hedge fund and big money reporter for Reuters. She hails from Melbourne. Australia, not Florida. You can contact her at katya.wachtel@thomsonreuters.com"
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