United States/Americas

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SandRidge CEO Tom Ward Ousted, Bennett Takes Job
By Reuters
06/19/2013 5:25:02 PM ET
EDITOR'S NOTE: This story has been updated throughout.
OKLAHOMA CITY, Okla. (Reuters)—The board of directors of SandRidge Energy Inc. on Wednesday [June 19] said it removed Tom Ward as chief executive, and named its president, James Bennett, to replace him, citing a need for new leadership at the U.

Icahn Reiterates Commitment For Dell Buy
By Reuters
06/19/2013 3:37:19 PM ET
NEW YORK (Reuters)—Carl Icahn reiterated his interest in owning Dell Inc. and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned.

U.S. Judge Limits Tourre's Defense in Fraud Case
By Reuters
06/19/2013 2:40:56 PM ET
NEW YORK (Reuters)—A federal judge on Wednesday [June 19] limited the extent to which former Goldman Sachs Group Inc. vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against charges that he misled investors.


Harvard Hires Morgan Stanley's Xia as Chief Risk Officer
By Reuters
06/19/2013 3:46:31 PM ET
BOSTON (Reuters)—Harvard University said on Wednesday [June 19] that it had hired Wall Street veteran Jake Xia as its chief risk officer to analyze and monitor investment exposure in its $30.7 billion endowment.

Goldman's Gilday Becomes Head of CLO Origination
By Reuters
06/18/2013 12:42:40 PM ET
LONDON (IFR)—Ian Gilday, Goldman Sachs' former head of EMEA syndicate and leveraged capital markets, has assumed a new role as head of origination for collateralized loan obligations (CLOs) in the EMEA region, according to an internal memo obtained by IFR.
According to the memo, confirmed by Goldman Sachs, Mr.


Buy Side Steps Up, and Streamlines: TABB Group Study
By Rich Blake, HedgeWorld
05/04/2010 10:02:17 AM ET
NEW YORK (HedgeWorld.com)—As money managers engage in increasingly sophisticated trading methods while encountering more compliance pressures, the push to invest in technologically advanced Order Management Systems (OMS), and separate Execution Management Systems (EMS), has never been greater, according to a soon to be released TABB Group study which surveyed 118 buy-side trading desks.

Technology Briefs
By HedgeWorld Staff
08/20/2008 3:59:29 PM ET
Penserra, BIDS Trading in Agreement
NEW YORK (HedgeWorld.com)—Agency broker Penserra Securities and BIDS Trading on Wednesday [Aug. 20] announced an agreement whereby Penserra's institutional investor client base will get direct access to the BIDS Trading crossing system.


European Hedge Funds Struggle to Break Into U.S. Market
By Reuters
06/19/2013 2:54:32 PM ET
MONACO (Reuters)—European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate.

Brevan Howard Fund Hit By Emerging Market Slide
By Reuters
06/19/2013 12:57:03 PM ET
LONDON (Reuters)—Brevan Howard's emerging market hedge fund, one of the world's largest, is nursing big losses after the recent sell-off in developing market stocks, bonds and currencies, two sources who have seen the numbers said.
The $2.


U.S. SEC Settlement Policy May Pressure Other Agencies to Toughen Up
By Reuters
06/19/2013 5:49:38 PM ET
WASHINGTON (Reuters)—The decision by the U.S. Securities and Exchange Commission to seek admissions of wrongdoing in select enforcement cases is expected to put pressure on other federal financial regulators to get tougher with their own Wall Street settlements.

E.U. Nears Agreement on Commodities Insider Trading Rules
By Reuters
06/14/2013 11:44:14 AM ET
LONDON/GENEVA (Reuters)—European authorities are close to agreeing on the final draft of markets abuse rules that will make the standard commodities market practice of trading on inside information illegal.
Commodities market players say the draft regulation, which will lay the ground work for jail terms for insider trading, could force them to reveal their trading strategies and undermine their businesses.


Lipper Hedge Fund Risk-Adjusted Performance - April 2013 - Multi-Strategy (U.S. Funds)
By HedgeWorld
06/19/2013 3:52:34 PM ET
CHICAGO (HedgeWorld.com)—The table below contains performance data from the Lipper Hedge Fund Database. Performance listed is risk-adjusted performance for U.

Lipper Hedge Fund Risk-Adjusted Performance - April 2013 - Multi-Strategy (All Funds)
By HedgeWorld
06/19/2013 3:51:31 PM ET
CHICAGO (HedgeWorld.com)—The table below contain performance data from the Lipper Hedge Fund Database. Performance listed is risk-adjusted performance for all funds of any currency denomination.


Opinion: Market Turmoil Could Re-Ignite Euro Zone Risk
By James Saft, Reuters
06/14/2013 2:06:53 PM ET
James Saft is a Reuters columnist. The views expressed are his own.
Right about now might be a good time to start worrying again about European peripheral debt.

Opinion: Halfway to an Emerging Bear Market
By Reuters
06/11/2013 4:42:09 PM ET
James Saft is a Reuters columnist. The opinions expressed are his own.
Already halfway to a bear market, emerging market stocks face slumping commodities prices and what looks very much like a global trade slowdown.


Fund to Redeem AIG Commodities Notes by Wednesday
By Reuters
09/16/2008 5:29:52 PM ET
NEW YORK (Reuters)—A small Canadian fund holding index-linked commodity notes issued by a unit of troubled insurer American International Group said Tuesday [Sept. 16] it expected to redeem by Wednesday [Sept.

Big Oil Price Swings Caused by Speculators: Report
By Reuters
09/10/2008 2:59:31 PM ET
WASHINGTON (Reuters)—Institutional investors caused the rapid rise and subsequent steep fall in oil prices in 2008, according to an independent report released by U.S.


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