News
Ex-Trader at Enron to Retire From Hedge Fund
online.wsj.com
[Wall Street Journal] - By JULIET CHUNG John D. Arnold, a former star trader at Enron Corp. who went on become one of the energy markets' biggest speculators, is retiring from his hedge fund at 38 years old to focus on his philanthropic interests, a person familiar with the
Morning Read: Spain's Recession Weighs
blogs.barrons.com
[Barron's (blog)] - Such funds had a median return of % from April 1 through April 13, the WSJ's Juliet Chung reports based on Morgan Stanley (MS) prime-brokerage data, after rising 1.16% in March. In case you missed it: The iShares MSCI Emerging Markets Minimum
Hedge Funds Hurt by Volatility
online.wsj.com
[Wall Street Journal] - By JULIET CHUNG Stock-trading hedge funds looking to extend their first-quarter rebound ran into a familiar adversary this month: a nervous market. Amid renewed concerns over Europe's debt crisis, the strength of the US economy and doubts about China's
JP Morgan Beefs Up Prime-Brokerage Team
online.wsj.com
[Wall Street Journal] - By JULIET CHUNG JP Morgan Chase & Co. said Friday that it has hired former Morgan Stanley executive Michael Fitzgerald to help lure hedge-fund clients to the bank's prime-brokerage arm. Mr. Fitzgerald had served as Morgan Stanley's head of US
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