Charlotte Burkeman, the EMEA head of prime brokerage at Bank of America Merrill Lynch, is leaving the firm, two sources told Reuters.
Andrew Feldstein, the Harvard- educated lawyer who leads BlueMountain Capital Management LLC, has had a good run.
Wesley Wang, a former analyst at SAC Capital Advisors, has given federal agents the names of about 20 people that he said had engaged in insider trading, according to a court filing, DealBook’s Peter Lattman reports.
Google and a New York redevelopment organization are providing a Manhattan neighborhood with free public WiFi Internet access, making it the largest area of coverage in New York City.
Of all the genres of US television advertising, we admit that our favorite is the post-bailout thank you – the PBTY, if you will.
BarclayHedge and TrimTabs Investment Research reported today that the hedge fund industry took in a net $4.7 billion (0.3% of assets) in November, reversing a $10.3 billion outflow in October. The results are based on data from 2,935 funds.
Here are links to last week's top 20 stories.
Time to call it a day ?
UBS is in the process of rooting out 'negative elements' of its corporate culture after the firm was fined $1.5bn by regulators for trying to rig global interest rates, said Andrea Orcel, chief executive officer of the investment bank.
SAC Capital Advisors LP is raising bonuses for its portfolio managers by 3 percentage points to help retain employees as the U.S. government’s insider-trading probe moves closer to Steven A. Cohen’s $14b hedge fund, according to a person familiar with the matter.
Venture capital investments rose to their highest level in nearly 15 years during the second quarter, with the majority of funding going to software and media/entertainment companies, according to a report released Friday.
Second-quarter earnings at Goldman Sachs have been almost cut in half after the bank set aside $1.45bn (£930m) for legal costs connected with the potential mis-selling of mortgage bonds.
Active fund managers may be having their best year since the financial crisis, but investors don't seem to care.