Four former Cantor Fitzgerald managing directors, Jason Boyer, Brett McGonegal, Bradford Ainslie and Uwe Parpart, left to become senior managers at a boutique investment bank Reorient Financial Markets, which is backed by China Chengtong Holdings Group.Pimco’s Balls doesn’t see buy signal for European sovereigns.
Dexia, which received a bailout in 2008, operated as a hedge fund at that time, according to its chairman.
Renaissance Capital has hired John Hyman as co-head of investment banking and financing at the firm.
Man announced the launch of Man Long Short Fund, a new long/short equity fund of hedge funds available only to the high net worth clients of the top-tier broker dealers and advisers with an investment minimum of $50,000.
The Guardian has started a banking blog series about what it’s like to date a banker.
Sallie Krawcheck, who left Bank of America Merrill Lynch in September, has now quietly stepped down from her post with the Financial Industry Regulatory Authority.
Bloomberg Television has hired Stephanie Ruhle, a former Deutsche Bank managing director, as a correspondent.
In London, bankers are expected to hold their Christmas parties in Trinity Gardens –the memorial gardens for the thousands of merchant seamen who died in two world wars and the Falklands conflict, which is making some people angry.
Italian Prime Minister Silvio Berlusconi’s Undersecretary, Carlo Giovanardi has blamed the market volatility on cocaine use amongst traders.
Rapper Kanye West made an appearance at Occupy Wall Street.
Emanuel Goffer, convicted alongside his brother Zvi of participating in the Galleon Group insider-trading scheme, has been sentenced to three years in prison.
Disgraced Galleon chief Raj Rajaratnam could get a prison sentence equivalent to that of a murderer or kidnapper.
New York City Mayor Michael Bloomberg said the Occupy Wall Street protests could continue indefinitely as long as the demonstrators obey the law.
John Paulson’s main fund is down 47% YTD.
Hedge fund bonuses are expected to be much better than bank bonuses this year.