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Second Half Of Brazilian Hedge Fund Proves Pricey For Credit Suisse

July 29, 2011 by FINalternatives   Comments (0)

Performance escalator in acquisition agreements can come back to bite the buyer, as Credit Suisse Group appears to be learning about its Brazilian hedge fund. read more

Goldman Unveils UCITS Platform With GLC Funds

July 29, 2011 by FINalternatives   Comments (0)

Goldman Sachs is leveraging its prime brokerage capacities with a new UCITS platform for third-party managers. read more

Nomos Chief Wins 'Dumb Blonde' Lawsuit

July 29, 2011 by FINalternatives   Comments (0)

Nomos Capital boss Mark Lowe may lack for taste, but he's no serial sexual harasser, a London employment tribunal has ruled. read more

Lombard Odier To Move Funds Of Funds To Managed Account Platform

July 29, 2011 by FINalternatives   Comments (0)

Lombard Odier Investment Management is ditching funds of hedge funds for funds of managed accounts, hiring a former Eddington Capital Management and EFG Asset Management manager to handle its new platform. read more

BEA: Gross Domestic Product: Second Quarter 2011 (Advance Estimate), Great Recession Substantially Worse Than Previously Thought

July 29, 2011 by Asymptotix   Comments (0)

The 2007-2009 recession, already in the record books as the worst in the 66 years since the end of World War II, was even worse than previously thought. From the start of the recession at the end of 2007 to the end in June of 2009, the U.S. economy shrank 5.1 percent. That is 1 percentage point worse than the previous estimate that the recession reduced total output during that period by 4.1 percent. The new estimates emerged from the annual revision of economic data prepared by the Commerce...