Former Merrill CEO May Join Hedge Fund

Sep 26 2008 | 1:04pm ET

With his old firm making a quiet departure from the Wall Street stage, former Merrill Lynch CEO Stan O’Neal may be planning a comeback.

O’Neal, the first CEO casualty of the credit crisis, may join Vision Capital Advisors, a $720 million New York hedge fund and private equity shop, the Financial Times reports. O’Neal is yet to make a decision, and is looking at other options in addition to Vision.

O’Neal was forced out of Merrill last year after four years at the top, taking the blame for billions of dollars in writedowns and losses linked to the subprime mortgage market collapse. He took home a much-criticized $160 million severance package.

Vision focuses on small- and mid-sized growth companies, according to its Web site. It was founded by former Rose Glen Capital head trader Adam Benowitz.

O’Neal’s successor, former NYSE Group CEO John Thain, earlier this month sold the firm to Bank of America for about $50 billion.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...