Photo: By ║Dd║ on flickr
Stephen Jen, a former Morgan Stanley executive and a globally renowned forex strategist and trader, is leaving BlueGold hedge fund launch his own firm.Last quarter was David Einhorn’s worst since 2007.
Kay Haigh, who’s been with Deutsche Bank since 1994, is leaving the firm with seven of his traders in tow to start his own hedge fund, Avantium Investment Management.
A Wall Street trader fell to his death from his Upper East Side apartment, in a shock accident. He was opening a window to let out smoke from a cigarette and slipped.
Today in the Raj Rajaratnam insider trading trial, lawyers disputed whether certain “colourful” wiretapped calls could be played in court. The judge came down on the side of the prosecutors.
Citigroup “may invest as much as $2 billion in its Asian consumer banking unit in the next three years as the U.S. lender overhauls branches and boosts service offerings to the region’s growing middle class.”
Together, the top 25 most profitable hedge fund managers earned a total of $22.07 billion in 2010.
Goldman Sachs will pay its top five executives just under $70 million for their work in 2010, and four orders of catholic nuns are demanding that the firm launch a review over whether the pay is excessive.
The head of Goldman’s investment banking unit, Julian Metherell, is leaving the firm to work with former BP head Tony Hayward.
Wachovia played a central role in money laundering for Mexico’s lucrative drug trade. The bank moved $378.4 billion from powerful drug cartels into currency exchange houses in Mexico.
Non-Wall Street Bonus
The women who are starring in NBC’s new series, “The Playboy Club,” are “contractually committed to baring all — if necessary. This stipulation is unheard-of for a network show — where nudity is verboten — but it’s believed that the clause… is intended for the show’s release on DVD and in domestic and foreign cable syndication.”