John Authers, senior investment columnist for the Financial Times, recently discussed the conclusion of the U.S. banking’s earning season, as well as the most recent proceedings on Wall Street with investment banking correspondent Daniel Schaefer. Authers asked Schaefer whether the negativity towards investment banks (shown in the above chart) has been overdone. “There’s not a…
Tag Archive: Goldman Sachs
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…
Maverick Makes Mega Monies
There is the potential that with the latest plans by Maverick Capital Management LP, it will become even more financially successful. The firm – that already stands at $11bn – is set to make an investment in start-up hedge fund managers. CEO Lee Ainslie, 47-years-old, established Maverick back in 1993. Prior to that, he worked…
Hedge Funds Moving East
Hedge funds based in New York and beyond, such as those associated with Corey Ribotsky, have shifted their focus to Asia over the past several months. Firms both old and new are quickly recognizing the potential and incomparable benefits of China and Hong Kong, and the results are quite apparent. Just last year, Morgan Sze…
Financial Crisis: Good News for Citigroup?
Hedge Funds Helping Banks Just because on one side of the coin things can look disastrous, does not mean that this will be the case for the other side of the coin. In fact, just by looking at various big name banks, one can see how the financial crisis may have in some way been…
Mumbai Investments
Mumbai government-owned Oman Investment Fund is working on an agreement to purchase part of stake owned by National Stock Exchange. Together with hedge fund NSE, the OIF will soon be part-owners of the National Commodity & Derivatives Exchange (NCDEX). According to a report, this deal will “value the bourse at Rs 700 crore.” The split…
Azentus Capital to Manage $1.8 Billion By Next Month
Azentus Capital Management, the hedge fund managed by a former executive of Goldman Sachs, is said to be well on its way to managing $1.8 billion by the beginning of next month. The Hong Kong-based firm began its trading only on April 1st, following an initial collection of $1.06 billion. Currently, Azentus manages $1.4 billion,…
Masaru Mastsumoto’s Hayate Atom Investment Returns 0.9%
Former Goldman Sachs trader Masaru Matsumoto’s Japan-focused hedge fund Hayate Atom Investment Co. has returned 0.9% since its start four days after the earthquake and tsunami. According to Matsumoto, the fund began with around $4 million from both domestic and overseas investors on March 15th. The fund has a maximum capacity of 20 billion yen,…
Senrigan Capital Group Passes $1 Billion Mark
Hong-Kong’s Senrigan Capital Group has just passed the $1 billion dollar mark, making it one of the more successful firms in Asia. Senrigan was founded a little over a year ago by Nick Taylor, former Citadel Investment Group Asia investment chief. The firm debuted with around $220 million, $150 of which came from the Blackstone…
Asian Hedge Funds Sky-Rocket
China Heading Up or Down? Although China-based hedge funds didn’t do so great last year compared with peers around the world, interestingly they still “took in money almost twice as fast,” netting inflows of US$3.5 billion (marking a 23 percent growth), significantly higher than the entire global hedge fund industry (which was 14 percent). In…