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Hedge Funds

Moelis Grows Australian Platform

March 17, 2010 - Moelis & Co. added to its new Australian office by hiring two managing directors. The firm's team down under originally consisted of only corporate finance professionals, but the two appointments bring expertise in equity capital markets and equities research, sales and trading.

Jefferies Hires CMBS Cap Markets Chief

March 17, 2010 - Jefferies & Co. appointed Mark Green as a managing director and head of commercial mortgage-backed securities capital markets.

New Investments in Hedge Funds Seen Topping $220B

March 16, 2010 - Hedge fund inflows are expected to top $220 billion this year as asset levels return to near pre-crisis levels.

Credit Suisse Builds Russian Fixed-Income Team

March 16, 2010 - Credit Suisse said on Tuesday it expanded its fixed-income business in Russia with hires in sales and trading as part of an effort to build its foreign exchange, rates and local securities businesses in Moscow.

Dodd Releases Details of Reform Bill

March 15, 2010 - Senate Banking Committee Chairman Chris Dodd on Monday released a broad outline of his regulatory reform bill, which heavily reflects input from Republicans who still say they oppose the bill.

Jackson Rejoins Wells to Trade Specified Pools

March 12, 2010 - Kevin Jackson, previously a director in the convexity products group at Bank of America Merrill Lynch, will be rejoining Wells Fargo as part of the firm's efforts to bolster its residential financing, origination and trading activities.

HY Fund Inflows Set Record

March 12, 2010 - High-yield bond funds took in more than $1 billion for the week ended March 10, research firm EPFR Global announced today. The total marks the highest weekly inflow since the firm began tracking fund flows.

Interdealer Broker Tullett Prebon on the Block

March 10, 2010 - London-based interdealer broker Tullett Prebon confirmed Wednesday that it is in talks about a possible sale of the firm.

Senators to Introduce Bill to Enact Volcker Rule

March 10, 2010 - Two Senate Democrats announced Wednesday they will introduce legislation that would restrict commercial banks' ability to engage in proprietary trading, the first step by lawmakers to implement the Obama administration's so-called "Volcker Rule."

Carlyle Taps New Cap Markets Chief

March 9, 2010 - The Carlyle Group has nabbed former Morgan Stanley sales and trading chief Michael "Mitch" Petrick as its first global head of credit alternatives and capital markets.

Bank Books Reveal Depth of Problems

March 9, 2010 - Investors have been heartened to see troubled banks replace leadership or repay bailout money, but they still are finding hard numbers deep in the books that are reinforcing their more surface perceptions of the industry's "haves" and "have-nots."

Nomura Rotates Management, Including Americas Leadership

March 8, 2010 - Nomura Holdings publicized a series of amendments to its organizational and managerial structures today, including the appointment of a new Americas division CEO.

Arriving in Familiar Territory

March 8, 2010 - Shannon Lowry Nagle’s first day as a partner in Fried, Frank, Harris, Shriver & Jacobson’s bankruptcy and restructuring practice may have been last week, but she’s no stranger to Fried Frank partners such as Gary Kaplan and Brad Eric Scheler.

Pandit Sees a New Citi, But Others Aren't Convinced

March 5, 2010 - Just over a year after the height of the financial crisis, Citigroup is a fundamentally different company than it was when it needed billions to stave off a collapse. That, at least, was the message from Vikram Pandit, the company's CEO, and Herbert Allison, Treasury assistant secretary for financial stability, who testified Thursday in front of the Congressional Oversight Panel.

B of A Merrill Promotes Four on Global Cap Markets Team

March 5, 2010 - Bank of America Merrill Lynch has made four appointments on its global capital markets team, according to an internal memo obtained by IDD.