Wed, Jun 19, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

Avenue Capital said to be in talks with Goldman Sachs traders, JP Morgan starts moving proprietary traders to asset management unit

Tuesday, September 28, 2010

Avenue Capital said to be in talks with Goldman Sachs traders From Bloomberg.com: Avenue Capital Group, the hedge fund-firm run by Marc Lasry, is in talks to hire members of Goldman Sachs Group Inc.’s proprietary-trading business in the U.S., according to two people briefed on the discussions.

Lasry is pursuing the Goldman Sachs team run by Bob Howard to expand New York-based Avenue Capital beyond its focus on distressed and credit investing, said the people, who asked not to be named because the talks are private. KKR & Co., the New York-based buyout firm, and investment bank Perella Weinberg Partners LP also are negotiating with the group, people with knowledge of the matter said Sept. 8… Full article: Source

JP Morgan starts moving proprietary traders to asset management unit From Bloomberg.com: JPMorgan Chase & Co. began moving proprietary traders to its asset-management unit from the firm’s investment bank to comply with laws that restrict a bank’s ability to trade for its own account.

Proprietary traders in the equity, emerging markets and structured credit divisions will report to Mary Erdoes, asset management’s chief executive officer, in a new alternative investment management group for clients, according to a memo sent to employees today by Erdoes and investment bank CEO Jes Staley… Full ar......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. GAIM delegates hear fund of funds fees are increasingly discounted[more]

    Beverly Chandler, Opalesque London: Reporting from the GAIM conference in Monaco, CooConnect finds that funds of funds are taking action over their fees. The site writes: "Funds of funds have insist

  2. A bad week for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: - The Japanese stock market got inflated by 80% in six months following Shinzo Abe’s appointment as Prime Minister in December 2012. Indeed, Abe almost immediately launched monetary policy, fiscal policy and economic growth strategies (two points of a three-poin

  3. Are we rotating yet? If we do, will it matter?[more]

    Bailey McCann, Opalesque New York: Market participants have long been looking for the "great rotation," out of fixed income, which has been in the works for several months according to some forecasters. Yet, inflows to both fixed income and equities have largely remained unchanged in any real way.

  4. Opalesque Roundtable: Intimate understanding of a company’s structure allows Akanthos’s Kao to be opportunistic[more]

    By Beverly Chandler, Opalesque London: The Opalesque 2013 West Coast Roundtable, sponsored by Sunrise Capital,

  5. A SQUARE 12 Sep 2011: Industry analysts expect a regional shift in demand for timber products, offering opportunities for investors in Asia specifically. The Africasia Sustainable Forestry Fund is a private equity vehicle aiming at acquiring standing plantations with a focus on South East Asia. The fund, the first out