According to a recent survey undertaken by data provider EuroHedge, over 150 new hedge funds, attracting $13bn in assets, opened for business in the first 6 months of this year. That's up from 133 in the same period in 2004.
After a number of our readers wrote in, we are now publishing the list of 'Trader Monthly' magazine's Top Traders Under 30, which appeared in the August/September issue.
Dick Grasso, the former chairman of The New York Stock Exchange, has been ordered by a New York state supreme judge to pay back at least $36m of the controversial $187m severance and pension package he received when he stepped down in 2003. Grasso immediately confirmed that he will appeal the decision.
Aleksey Vayner, the banking wannabee who sent an 11 page cv and video titled 'Impossible Is Nothing' to UBS Investment Bank in New York in support of a job application, has broken cover and talked to The New York Post.
Financial News reports that Citigroup CEO Chuck Prince has had a pop at his capital markets 'boys', expressing his disappointment at the unit's performance in the third quarter.
Mixed news over at Bank of America. The bank as a whole posted record profits in the third quarter, coming in at $5.42bn. Not so good news, however, at the corporate and investment banking unit.
Century Films is currently developing a new programme for Channel 4, based around the lives of people who work in the City.
Here's a little something sent in by one of our readers:
It was back in February 2004 when the body of 35-year-old Barclays Capital analyst Maria Cruz was found in a suitcase, stuffed in a garbage bag and buried under a layer of concrete at the New Jersey home of her 'doctor'.
The findings of the second annual Financial Markets HR / Complinet Investment Banking HR Survey has now been released.