Tuesday, 30 September 2014
Last updated 12 min ago
Dec 22 2009 | 9:45am ET
A bank owned by a consortium of hedge and private equity funds has made its first acquisition, buying one of the seven banks closed by U.S. regulators last week.
OneWest Bank, formerly the failed lender IndyMac, has acquired First Federal Bank for $6.1 billion. OneWest, which is owned by Paulson & Co., Soros Fund Management, J.C. Flowers & Co. and Dune Capital Management, among others, reopened the 39 First Federal branches on Saturday.
First Federal had $4.5 billion in total deposits.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...