NEW YORK (AP) — Citigroup Inc. is continuing to cut investment banking and trading jobs this year as the bank tries to lower costs while recovering from colossal credit-related losses.Each year we identify the bottom 5% of performers in the Institutional Clients Group, and some number of these people leave the firm, Citigroup spokesman Dan [...]
(OTCBB:RFIVF) is pleased to report results received from the initial drill core on the Hampton property located in Livingston County, Kentucky, USA. The drilling is part of the Shawnee Project zinc and fluorspar exploration program and is being conducted by Dynamex Resources Corporation, a wholly-owned subsidiary. Core hole DXHR-1 encountered thick and high-grade bedded zinc [...]
By Joseph A. Giannone
NEW YORK, March 18 (Reuters) - Goldman Sachs’ (GS.N: Quote, Profile, Research) asset
management division posted record first-quarter results on
Tuesday despite high-profile hedge fund woes and executive
departures last year, but customer money poured out of some
hard-hit funds.
Asset management revenue rose 23 percent to $1.32 billion,
as fund [...]
NEW YORK (AP) — Citigroup Inc. said Monday it appointed John Havens chief executive of its investment banking division, effective immediately.The company named Michael Klein chairman of the division, which is called the institutional clients group (ICG).ICG is made up of the markets and banking and alternative investments groups.Citi said Havens was also appointed [...]
South Africas Rand Snaps Three-Week Decline on Fed Bank Plan
By Garth Theunissen
March 15 (Bloomberg) — South Africas rand snapped a three-
week decline against the dollar after the Federal Reserve said it
will inject funds into the global banking system to ease [...]
The FINANCIAL — Credit Suisse announced on March 11 the formation of a research partnership between its Beta Strategies group and Professors William Fung, David Hsieh and Narayan Naik, academic leaders in the areas of hedge fund and alternative beta research.
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The Beta Strategies group is Credit Suisses fiduciary quantitative index [...]
Citigroup Paid Pandit $165 Million in Old Lane Sale
By Bradley Keoun
March 13 (Bloomberg) — Vikram Pandit received $165.2
million last year when Citigroup Inc. bought Old Lane LP, the
hedge fund he co-founded and led.
Pandit, [...]
LONDON, March 13 (Reuters) - Korea Investment Corp (KIC),
South Korea’s sovereign wealth fund, is to put a third of its
assets this year into alternative assets such as hedge funds,
private equities and real estate to diversify its portfolio.
KIC, which was set up in 2005, has invested in only bonds
and equities, [...]
By Jon Hurdle
PITTSBURGH (Reuters) - Growing U.S. demand for alternative energy is boosting job creation and investment in renewable fuels and energy efficiency technology, experts told a national conference ending on Friday.
Workers are finding jobs building turbines for wind farms, installing solar panels and retrofitting buildings with stronger insulation as businesses [...]
The FINANCIAL — JPMorgan announced on March 13 that it has been selected by London Pensions Fund Authority (LPFA), the largest local government pension scheme in London, to provide portfolio administration and performance reporting for their alternative investment portfolio.Â
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The mandate represents JPMorgan s first Alternative Investment Portfolio Administration outsourcing agreement [...]
