The Credit Risk Management and Advisory Dept is seeking candidates to join its Risk Analytics Group (RAG). RAG is responsible for developing quantitative pricing and risk management models for credit risk and hedge fund risk.[...]
The New York Post reports that Hedge fund manager Ralph DellaCamera has joined a campaign against the NYSE's offer to buy the American Stock Exchange for about $260 million. He told Amex members that the NYSE bid was too low because it assigned zero value to the Amex's 20 percent [...]
As financial markets of all flavours convulsed on Thursday, a scary suggestion was doing the rounds - namely that the Fed's emergency action this week could have the (presumably) unintended consequence of encouraging wholesale liquidations across the hedge fund industry. As Robert Peston, discussing the collapse of Carlyle Capital Corporation,[...]
Another three big hedge funds have been forced to close down or to suspend investor withdrawals as the credit squeeze persists. Drake Management, a $12bn New York manager, wrote to investors in its three hedge funds on Wednesday offering them the choice of winding up the funds after about half [...]
The insane volatility in the options market revolving around Bear Stearns finally calmed down today, after a day when those playing in the market started to bet on catastrophic news out of the Wall Street giant. Some in the market were buying put options at the March $25, $30 and [...]
There's all sorts of talk about ways for Washington to buy mortgages. Myron Scholes, chairman of his own hedge fund, is seeking ways to leave the assets in the private sector and get capital flowing into the banking system.[...]
