Big Private Equity Funds Gobble Up Most Money
There is a stark division in fundraising between first-time private equity fund managers and their more established counterparts.
Knight Capital Blunder Hastens SEC Rulemaking on Exchange Integrity
After a computer mishap spewed orders through stock exchanges on Wednesday and led to a $440 million loss at market maker Knight Capital Group, the SEC is speeding efforts to require exchanges to ensure the “capacity and integrity of their systems.”
John Bogle on Taxes: Praise for Obama; Raise Capital Gains
Often at odds with the modern fund industry he helped create, Bogle’s comments ran counter to vehement opposition from investment managers and trade organizations over raising taxes on dividends and capital gains.
Greenhill Managing Directors Killed in Plane Crash
Two managing directors from investment bank Greenhill & Co., Inc. were killed on Tuesday when the small plane they were in crashed in New Jersey. Ice on the wings was cited as a possible cause for the plane to come down.
Will European Banks Be Forced to Unload U.S. Assets?
The report's authors cite Dutch banking giant ING Groep’s pending sale of its U.S. banking franchise ING Direct to McLean, Va.-based Capital One Financial Corp as a paradigm for such asset sales, since European regulators forced ING to restructure.
Private Equity Carlyle Group Going Public
Private equity giant The Carlyle Group filed with the SEC to launch an initial public offering of common stock a week after the firm made a minority investment in Avalon Advisors.
Blackstone Stands Out as KBW’s Top Alternative Asset Manager Pick
In an updated earnings estimate, Blackstone Group remained KBW’s top pick among alternative asset managers for estimated fourth-quarter 2010 investment returns.
Numerology: Whither the Wealth?
In a speech March 10 to the Japan Society in New York, the chairman and CEO of the private equity firm Blackstone Group, Stephen Schwarzman,...
Whither Goeth the Wealth?
Reports detail the severity of losses in the U.S.
Independent Broker/Dealers Not on AIG's Keeper List
The new chairman and CEO of AIG, Edward Leddy, disclosed in an analysts conference call on Friday, October 3, that the company has begun a...