Bank of America’s Merrill Lynch Wealth Management group was relaunched last fall as a more touchy-feely brokerage. Think…
New York-based Optima Fund Management, a $6 billion fund of hedge funds, thinks farming is a growing business.
While executives of The Goldman Sachs Group Inc. were getting grilled on Capitol Hill about deals involving mortgage-related securities, another division of the company quietly made headlines of a different sort.
The SEC aims to add more enforcement agents and examiners to its hedge fund speciality unit. With 700 hedge shops closing in 2009, there should be shortage of applicants.
Did you hear? The credit crisis is officially over — at least according to the handful of hedge fund managers who have shut down their “credit crisis funds” over the past few weeks.
The hedge fund industry may be roundly celebrating 2009 as a comeback—19% returns are always exciting—but it was still a tough year to get into the business, according to a survey just released by Absolute Return + Alpha magazine.
Former Goldman Sachs technology-chief-turned-hedge-fund-manager Michael Dubno will join Bank of America Corp. Tuesday, according to the Charlotte-based bank.
Hedge funds are losing talent to university endowments, sovereign wealth funds and even to the Securities and Exchange Commission, of all places, according to a survey released this week by executive search firm Heidrick & Struggles.
A December study of Justice Department records showed that federal prosecutions of financial crimes have dropped dramatically nationwide over the past six years, despite the recent media frenzy over big-time Ponzi schemes and insider trading scandals.
The scent of money that drew many professionals to jobs on Wall Street has been dissipating, according to a survey of out-of-work finance folk.
