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Hedge Funds

News

HY Fund Inflows Set Record

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.

Jackson Rejoins Wells to Trade Specified Pools

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.

Interdealer Broker Tullett Prebon on the Block

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

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

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.

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Articles

Wall and Main Streets Talk Past Each Other

Two groups gathered in the San Francisco Bay Area this week to discuss municipal bonds, public budgets and interest rate swaps.

Banking on a Growing Deficit

New broker-dealer Pierpont brings together a trio that has worked on and off together for the better part of three decades.

C.P. Eaton Expands Ranks

C.P. Eaton Partners hired Loren Boston, a fundraising veteran and former global head of origination for Bank of America Merrill Lynch's private-equity funds group, as part of the advisory firm's efforts to grab market share from larger rivals.

Funds Seek Alpha in Main Street Banking

FDIC-assisted deals, attractive valuations, improving economy provide a potential windfall for holders of equity.

Capital Gem May Lie in Crisis Rubble

Tarp warrants could spawn a new source of funding for banks. But it may be years before this becomes a regular font of capital.

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