Word: fund
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...principal investments in the financial crisis is getting new scrutiny. On Thursday, Feb. 4, the Senate Banking Committee held its second hearing in a week on President Obama's proposal to keep banks, which hold federally insured deposits, from engaging in such risky businesses as proprietary trading and hedge-fund and private-equity-fund investing (all three activities contain some element of trading or investing for the firm's own account, possibly employing leverage). Many have dismissed the so-called Volcker rule, which Obama named for former Federal Reserve chairman and current presidential adviser Paul Volcker (who has championed...
...Lehman wasn't alone. Merrill Lynch lost nearly $20 billion on investments in collateralized debt obligations (CDOs). Morgan Stanley had a nearly $4 billion loss in proprietary trading in the fourth quarter of 2007. Goldman Sachs spent $3 billion to bail out one of its hedge funds. And Citigroup has poured more than $3 billion into fixing its problems with structured investment vehicles, investments the bank set up with its own capital. Like Merrill, Citi lost big - as much as $15 billion, on the CDOs it decided to hold rather than sell off. In fact, nearly every large financial firm...
...Pandit said that unlike with other financial crises, proprietary trading played a much bigger role than underwriting in the recent credit crunch that nearly brought down his firm. "It makes sense to me that you don't take deposits as an institution and turn around and run a hedge fund," he told students...
...Harvard Financial Analysts Club is in the final stages of negotiation for a contract that would grant the club $100,000 dollars to use in its new Cleantech Investment Fund...
Despite these concerns, we are pleased that Dean Hammonds chose to devote a portion of her discretionary budget to the Student Life Fund this semester, and hope she continues to reaffirm this choice in the future...