Tuesday, 30 September 2014
Last updated 3 hours ago
Dec 6 2011 | 11:10am ET
A former hedge fund manager will serve as one of the final directors of Lehman Brothers Holdings.
Thomas Knott, the founder of Akasha Capital, was one of seven members of the slate that will oversee the final liquidation of the bankrupt investment bank and its disappearance. The group, which also includes a pair of Goldman Sachs veterans, the former chief restructuring officer of Refco Inc. and the former CEO of Morgan Stanley's Asia business, will take office when Lehman's latest liquidation plan is approved by a judge, possibly today.
New York hedge fund Fir Tree Capital, one of the Lehman creditors that will split about $65 billion, was among the group that helped pick the new board, and said in a statement that it sought to "attract best-in-class director who will work to maximize value." The hedge fund said it interviewed individuals "highly respected in a range of critical areas, including real estate, derivatives, private equity and restructuring."
Lehman is expected to sputter along for between three and five years as it waits for real-estate and other markets to rebound before selling its remaining assets.
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...