Hedge Funds

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Moral Bankruptcy

As the economy slows, investigation of corporate malfeasance becomes a big business.

Hedge Funds Bounce Back In April

Returns were higher in April for hedge funds than March, with the Greenwich Global Hedge Fund index returning 1.68%, rebounding from a 2.05% loss in March.

Victoire Hires Former Goldman Vet

Twenty-three-year financial services veteran Matthew Maslow has joined Victoire Financial Capital as president of the global asset management firm. Maslow most recently worked at Goldman Sachs, advising many of the largest hedge funds.

FTI's 1Q Revenue Jumps 35%

FTI Consulting said Wednesday its first-quarter earnings rose 63.9%, to 59 cents a share from 36 cents in the first quarter of 2007. The company's first-quarter revenues increased 34.9% to a record $307.1 million.

Lenrock Lands Former BofA Healthcare Analyst

Joseph France, a 25-year veteran healthcare analyst, joined New York-based hedge fund Lenrock Capital Management this week, sources say.

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Cash Is King For Hedge Fund Crowd

As global market turmoil continues, investors are holding more cash and placing more emphasis on risk management when picking a hedge fund manager, a Deutsche Bank alternative investment survey found.

Morgan Stanley's Barnett Joins BofA

As first reported by IDD, Phil Barnett is joining Bank of America after a 20-year career at Morgan Stanley, most recently as managing director and head of the firm's global insurance business.

Say What?

If I understand it right, the crux of George Soros' new book is this: we've all been led down the wrong path if we believe that markets tend to return to their mean over time, and that deviations from that are random. It's not so, he says. 'Only by exploring a new conceptual framework for how markets really work can we avoid disaster and economic ruin.' Oh, so that's all?

The Great Escape?

Sentiment about US credit markets has improved in recent weeks, thanks in part to a March bailout of Bear Stearns orchestrated by the Federal Reserve as well as a steady campaign by the US central bank to improve liquidity of fragile capital markets. The slight uptick in confidence is reflected in narrower yield premiums in a variety of debt markets, as well as a pickup in the issuance of a variety of debt and equity securities.

Asset Management M&A Rolls On

M&A deal flow has slowed in many sectors, but not in asset management. According to data from Jefferies Putnam Lovell, 54 deals in the asset management industry were announced in the first quarter of this year, a record high for that period.

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