Hedge funds have reversed the heavy losses they suffered in June, as some 70% of reporting funds delivered positive returns in July, with Japanese hedge funds outperforming.
Blackstone, the money-management firm seeking to attract more individual investors, raised almost $1bn from Fidelity Investments for its mutual fund that will invest in hedge funds, Fidelity said.
Wall Street’s self-regulator is looking into whether research analysts are participating in pitches to win business underwriting initial public offerings, according to a person familiar with the matter.
Inflation fell in July but remains well in excess of pay rises for the average British worker, leaving many households struggling with falling incomes.
Goldman Sachs has been subpoenaed by federal regulators investigating complaints that the financial giant’s metals warehouses have intentionally created delays and inflated the price of aluminum.
Federal investigators arrested former Charleston banker Chris Latham last Tuesday (6th) evening in connection with a sealed indictment while he was vacationing in the Upstate, his attorney said.
Despite a spate of upbeat economic data for the U.K. over recent weeks, wages in the country have seen one of the steepest falls in Europe, according to new data.
As SAC Capital fights an insider trading indictment and braces for investor withdrawals, the giant hedge fund has quietly shuttered one of its stock trading units, people briefed on the matter said.
Deutsche Asset & Wealth Management announced that Felipe Godard will join the Firm as a Managing Director and Head of Wealth Management, Latin America, effective October 1, 2013.
Bruno Iksil, the former JP Morgan trader whose bets caused more than $6.2bn in losses last year, is now central to any US charges against his former colleagues.
Benjamin Solomon, Deutsche Bank’s former global head of securitized-product trading, accused the company in a lawsuit of firing him on frivolous and unjust grounds amid an industry focus on supervisors’ responsibilities.
As Lloyd Blankfein embarks on a battle with lymphoma, investors and colleagues are taking comfort in his resilience, the recent example of Jamie Dimon and Goldman Sachs’s roster of veteran leaders.
The shortlist for the 2015 European Diversity Awards has been announced and paved the way for a big business battle at the glittering awards ceremony at London's Natural History Museum next Wednesday (30th September).