Private Equity Has Been Hot, But Blackstone Not Despite AUM Increases
Capital is awash everywhere, in private equity, venture capital, in traditional investments like the stock market, which creates a great environment for Blackstone. However, Blackstone hasn't been able to turn both of these positive factors into significant free cash flow.
Private Equity Firms Race to Hire Young Investment Bankers
They are only in their early to mid-20s, but some young bankers on Wall Street are the most sought-after financiers around, with lucrative pay packages dangling before them....
Hedge Fund Manager Warns: 'Stay Away' From Alibaba
Lemelson Capital Management Chief Investment Officer Rev. Emmanuel Lemelson warned investors to “stay away from new issues” including Alibaba Group Holding Ltd...
Wall Street Analyst Hintz Leaves Bernstein to Teach
Brad Hintz, a Sanford C. Bernstein &
Co. analyst who covered investment banks including Goldman Sachs
Group Inc. for more than a decade, is leaving Wall Street to
become a professor at New York Unive...
Duke Alumni round-up: Shinseki resigns from VA, Steel takes C.E.O. position
Eric Shinseki, Graduate School '76 and Secretary of Veterans Affairs, resigned Friday amid a growing scandal regarding veterans' treatment at VA hospitals. Meanwhile, Robert Steel—Trinity '73 and former chair of the Board of Trustees—announced that he will become C.E.O. of boutique investment bank Perella Weinberg Partners.
T. Rowe Price chairman to give up portfolio management role
The chief investment officer and chairman of T. Rowe Price will step down next year as portfolio manager of one of the company’s biggest investment funds.
Credit Suisse Pleads Guilty to US Tax Evasion; Shares Rise 3%
The bank agreed yesterday to the largest penalty in an offshore tax case after using secret Swiss accounts to help Americans hide money from the Internal Revenue Service, and its main banking unit pled guilty to a criminal charge.
JP Morgan China's CEO, a Key Figure in Cronyism Investigation, Resigns
The memo gave no reason for his resignation. The Wall Street Journal, which first reported Fang's departure, said he had emerged as a key figure for U.S. authorities as they investigate whether the investment bank violated bribery laws by improperly hiring the relatives of well-connected Chinese officials.
Major US Investment Banks and Hedge Funds Under DOJ Bribery Investigation
American financial players implicated in scheme to garner favorable deals with Libya’s government-run investment fund....
Heard on the Street: UBS Finds Wealth Pays Off
UBS's emphasis on wealth management rather than investment banking has won plenty of investor support. For now, though, the good news looks priced in.UBS's emphasis on wealth management rather than in...