Hedge Crunch FinancialGoldman Sachs Asset Management
Lansdowne Partners Sells Goldman Sachs Stake
For a staggering $850m, Lansdowne Partners has sold its stake in Goldman Sachs. According to an article in City AM, this is apparently “amid fears that increased regulation in the US could stunt the investment bank’s proprietary trading arm.” The amount of shares Lansdowne sold in Goldman Sachs (nearly five million) accounts for close to [...]
Hedge Fund Community Contributes to Fight Against Child Abuse
A week ago, the hedge fund community got together in Manhattan in order to raise money to boost the battle against child neglect and abuse. By the end of the evening, over $2 million were collected. More than 1,200 members of the hedge fund industry took part in the 13th Annual Open Your Heart to [...]
Scaling back lending because of Mortgage Crisis
Ballooning losses from the US mortgage market could force the global financial industry to scale back lending by $2 trillion and trigger a substantial recession, according to a bearish analysis. The startling figure was suggested yesterday by the chief US economist at Goldman Sachs, Jan Hatzius, who said that an estimated $400bn (£290bn) in losses [...]