Here's the 'game up' letter to investors sent by failed hedge fund Sowood Capital Management
MarketWatch reports that Boston-based Sowood Capital Management LP is the latest hedge fund to come out and confirm that it has suffered from the recent difficulties in the credit markets. The once $3bn hedgie has sent a letter to investors confirming that its net asset value had fallen to around $1.5bn, suggesting that up to $1bn was lost in the month of July alone.
Top City Human Resources recruitment firm Financial Markets HR and Complinet have joined forces again to bring you a comprehensive Human Resources compensation survey.
It's about this time of year when bankers head for a beach somewhere and take time out to ponder what they will do with their next bonus. With payouts for some of the bigger US firms now just over 4 months away, the summer break is usually a good time to start thinking about how your next wad will be spent. This year, however, it might be better to wait before you get too carried away.
The global equity markets fell sharply Thursday, on worries about whether higher borrowing costs and a credit squeeze will slow down M&A activity, result in more debt defaults and eat into corporate earnings.
BusinessWeek / Interbrand have just released their Top 100 'Best Global Brands' for 2007.
Clarity, it seems, is the last thing that we should expect from the ABN AMRO sale debacle.
Financial News reports that, according to credit research firm CreditSights, Citi could be exposed to as much as $27bn in high risk private equity-related leveraged loans.
Here's an example of an article which features in our recently launched 'Life' section.
Here's a round-up of three of our most naughty stories (Yes, we've run a few!):