Which artist formerly known as an investment bank is raising margins on managers due to cash needs? The firm is pushing out hedge fund clients that are not long/short equity or one of the elite members of the hedge fund harem (with a non long/short equity strategy). Apparently “every wire going out is being scrutinized for fears that cash going out will increase leverage of the fund.”
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
MS
Well, we know Barclays is doing this, but I imagine you’re talking about Morgan Stanley.
Bear Stearns?
goldman
Is credit really trading better today?
Is the rumor really true?
Anyone with insight??
has to be goldman. they are hurting, big time. ms was doing this a few weeks back but now that they have lost a boatload of pb clients, it is goldman’s turn. had to happen to them sooner or later.
Prince?
it’s goldman
@5
Swaps are slightly better across the board. Still a bit painful for us, but not as bad as it was overnight.
-mrp
I hate blind items. prince?
I hate blind items. prince?
#5 counterparty risk has ticked down. not really material change
goldman
who the fuck is it Bess??c’mon now!!
great idea! lets make home prices even lower!! http://www.coldwellbanker.com/event
Gizzle to the Sizzle.
now see bess has it figured out finally. the proper way to report rumors like citadel etc. is to report it without the name and then put it in the comments anonymously.
@5,9 I’ll add that curr cpn mbs are flat to swaps, i.e. slightly tighter to ust on a newsless credit day and no news is good news.
MS for sure
Well i don’t know much about these head honchos but the phrase is “the artist formerly known as prince” do I guess that is a clue.
whereever chuck prince is bingo!!!!!
Its Goldman, they are cowering in the corner right now. From the Penthouse to the outhouse, kinda sweet.
ms or gs both have had there day. Hopefully GS. LMFAO. hehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehe.
@20 and @21: No, they key is “formerly known as an investment bank” which would imply MS or GS.
“in November, trying “to de-leverage a bit,” as he put it, he has taken a job with Washington-based consulting firm Stonebridge International. “I’m going to have fun,” he told The Wall Street Journal. “It’s been a long time since I’ve had fun.” [WSJ]‘
http://nymag.com/daily/intel/2008/09/chuck_prince_gets_his_groove_b.html
MS is dead by Jan. 1 – MUFG will swallow the rest by then…
Its Goldman, they are cowering in the corner right now. From the Penthouse to the outhouse, kinda sweet.
@22 – absolutely right.
it’s absolutely goldman.
masters of the universe. what a joke.
“Last month alone panicked investors took $43 billion out of the asset class. Things could easily go from bad to worse for the industry, as it’s unclear how much exposure independent hedge funds (the ones not owned by struggling investment banks) have to mortgage-backed securities, but there definitely are a number of them that have invested in the class. – George White and Ron Orol
“http://www.thedeal.com/dealscape/2008/10/hedge_funds_shouldnt_expect_to.php
GS securities services group kinda panicky right now
can anyone explain what is going on with INBEV?
masters of the universe. what a joke.
mrp – it’s been a while! hope all is well in chi-town. what’s going on with swaps in insurance land? those guys are all going to have to raise cap soon, I would imagine the debt markets have to putting a squeeze on them.
The guys in the White Hats appear to have formed a posse:
“Jeffrey C. Sullivan, U.S. attorney in Seattle, said in a statement he has formed a task force with investigators from the Securities and Exchange Commission, the Federal Bureau of Investigation, the Internal Revenue Service and the Federal Deposit Insurance Corp.’s inspector general.”
http://tinyurl.com/5yson4
this is pure financial karma
pink: Chicago? Lincoln Park, no doubt. Don’t be too distracted by those beefy blondish midwest plow boys. Yum. And so friendly compared with the harsh and unforgiving NY crowd. I want a full report. GAnalYst
GAnalYst do you always have to be so focused on hot young tail? We get it. You’re gay. You like hot guys. Join the club. Talking about it is superfluous.
Is Bartiromo pregnant, or does fatty just love snacks?
39 Sorry. It just one of the things that helps get me through days that have lately been otherwise painful. GAnalYst
@40…tube steak
41 – It’s ok. I hear you. I will admit that beefy midwesterners are a good distraction.
@ GAnalYst,
You are an equity driver in the international – emerging markets area correct?
How much cash have you guys raised in % terms?
This market is a long vol junkies market, it sure is not a fundi long market. I have had to bury my funi instincts and ignore value at this stage. Cash is King, and even another rally tomorrow won’t change that…
Best of luck, and be safe out there,
~SEG
@40 – have been wondering about that for weeks. Looking much bigger than when she was interviewing guests during the summer across from the exchange.
@40: I bet after the Todd Thompson affair, it was “put up or shut up” with hubbie – have a kid and save the marriage. She’s 40 and they’ve been married for a while with no kids.
@46 – Ha ha ha
Having kids makes things so much less stressful at home.
Does her husband actually work?
SEG Correct. Mostly developed though. EM is more of a dabble – you probably recall an EM trip that I mentioned in early summer. And institutional long only, so always fully invested. Its usually fun, but not lately. I appeciate the encouragement. GAnalYst
I know a lot of “house husbands” they work hard.
Deutsche Bank. They are in horrible shape. We had been clients of theirs for 8 years and they showed us the door last month because they “want to concentrate on billion $ funds”. As we all know there are more of those every day now.