Discover your dream Career
For Recruiters

Thursday's Headlines: Hedge Funds are Healthy and Small Guys are Making Ground

While hedge fund headlines may have seemed dire, "the industry as a whole has seen capital levels rebound from the lows of a few years ago," writes DealBook. While big-name funds have shuttered, smaller funds have benefited from an inflow of funds. Case-in-point: Vector Commodity Management, run by ex-Goldman trader Gilbert Saiz, is said to have gained 8.2 percent in February on its $258 million, beating much bigger rivals.

Other News

U.S. Libor probe now includes BofA, Citi, and UBS. [WSJ]

Equity derivatives exchange operator CBOE will offer options on a crude oil ETF. [Bloomberg]

BofA named India's billionaire chairman of Reliance Industries to its board as it grows its overseas operations. [BusinessWeek]

KKR seeks capital sources for its new buyout fund. [Reuters]

BlackRock is launching wrap programs for both large broker-dealers and independent advisers. [Investment News]

FDIC's tab paid to 165 failed banks nears $9 billion. [WSJ]

Four Houston banks miss their quarterly TARP payments, joining 138 other institutions. [Houston Business Journal]

Minkow to plead guilty in Lennar insider-trading case. [WSJ]

The Federal Reserve will grant banks including JPMorgan Chase and Capital One permission to pay higher dividends which will benefit CEOs. [NYTimes]

Brokerages going app crazy. [Bloomberg]

AUTHOREmma Johnson Insider Comment
  • cj
    21 March 2011

    good read. on the money. timely. thx

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
State Street Corporation
Technology Solutions Architect / Delivery Lead
State Street Corporation
Quincy, United States
State Street Corporation
Application Development / Maintenance, AVP
State Street Corporation
Princeton, United States
Standard Chartered Bank
Director, Debt Capital Markets
Standard Chartered Bank
New York, United States
Standard Chartered Bank
Global Implementation Manager
Standard Chartered Bank
New York, United States
Standard Chartered Bank
Executive Director, Financing and Investment Solutions
Standard Chartered Bank
New York, United States