Mack Leaving Morgan Stanley; Gorman Takes Over in 2012
Morgan Stanley said Thursday that John Mack will step down as chairman and leave the board at year-end, with CEO James Gorman succeeding him on Jan. 1.
Consortium Unveils Trade Idea Forum in U.S.
NEW YORK (HedgeWorld.com)--U.K. hedge funds were early adopters of youDevise Ltd.'s Trade Idea Monitor system last fall, and now officials are hoping for similar interest in the United States as the online trading idea service is rolled out here this week. Trade Idea Monitor is a free service to buy-side...
Tremont Index Up in November
NEW YORK (HedgeWorld.com)--More proof that October's poor returns were a blip on the hedge fund radar arrived [on December 15] when Credit Suisse First Boston/Tremont released figures showing its hedge fund index was up 1.48% in November, totally reversing October's 1.46% loss. Emerging markets and long/short equity managers led the...
Hedge Fund Indexes Grow Up
Mirroring the growth of the hedge fund industry, hedge fund indexing has taken off in recent years, driven by investor demand for transparent benchmarks and...
Brain Drain Continues, Speaker Says
Former chairman of DLJ says hedge funds attracting best and brightest
'Mack the Knife' Joins Pequot
NEW YORK (HedgeWorld.com)--John Mack, whose cost cutting and streamlining skills earned him the Wall Street nickname "Mack the Knife," has joined Pequot Capital Management Inc. as the hedge fund firm's chairman. Arthur J. Samberg will remain as chief executive and continue to oversee management of the firm and its investment...
Beauchamp Teams Up with CSFB's Trading Services Division
LONDON (HedgeWorld.com)--Beauchamp Financial Technology's flagship hedge fund portfolio management system will now have the added benefit of access to Credit Suisse First Boston's Advanced Execution Services, according to officials. All trades executed via CSFB will automatically be booked into the Beauchamp portfolio database for mutual clients of the two companies....
Pink Fallout: Some See Wider Threat in October Ruling
WILMINGTON, Del. (HedgeWorld.com)--Lawyers for the bank debtors in the Owens-Corning bankruptcy want to expedite the appeal of a recent U.S. District Court decision that went against the interests of their clients. They have asked the 3rd U.S. Circuit Court of Appeals to hear oral arguments in early January 2005. ...
CSFB Inks Deals with Imagine Software and FutureTrade
NEW YORK (HedgeWorld.com)--Credit Suisse First Boston signed two agreements that aim to offer improved trading capabilities for investors, including hedge funds. CSFB's Prime Services group entered a strategic alliance with Imagine Software Inc. that will allow Imagine's risk management and trading services system to be offered to CSFB prime brokerage...
CSFB/Tremont Index Down in May
NEW YORK (HedgeWorld.com)--May wasn't a stellar month for hedge fund managers. Still, managers in five of the nine Credit Suisse First Boston/Tremont* Hedge Fund Index...