TABLE OF CONTENTS
October 2005
|
Insider Info
Put 'Em Up
Aspiring boxers should start training now for the inaugural Hedge Fund Fight Nite
> read more
Niederhoffer: Don't Blame Me for Refco Mess
Victor Niederhoffer denies that his 1997 dealings with Refco started the fire that has burned it to the ground
> read more
Bundle of Joy
Sources tell us the SEC is NOT considering unbundling research from true execution
> read more
Keywords:
Insider Info
Oversize Load
A New York floor broker disappoints a taunting Shea Stadium crowd by failing to climb the park's eight-foot chain-link fence
> read more
Keywords:
Insider Info
Weinsteins Hitting Up Hedgies
The former Miramax moguls are reportedly seeking financing from hedge-fund buddies like Paul Tudor Jones
> read more
Sacked Trader Vows Revenge
Former head of European equities at HSBC says he was fired because he's gay
> read more
Trading Katrina
"Even guys who you know are fearless, you could see the fear in their eyes."
> read more
Keywords:
Insider Info
Dittmer to the Rescue?
The former Refco CEO is reportedly building a $2.5 billion war chest to bid on the company's futures brokerage business
> read more
Greenshields Heads Out to Pasture
The cofounding partner of U.K.-based hedge fund Rubicon Fund Management will retire at the end of this year
> read more
Keywords:
Insider Info
Calling All Computer Geeks
Techno trading talent could win $400,000 in the first annual IB Collegiate Electronic Trading Olympiad
> read more
Vilar's Manhattan Palace For Sale
By
AnnaMaria Andriotis
The embattled founder of Amerindo Investment Investors is selling his oppulent duplex for $14.5 million
> read more
Champagne Supernova
London trader sprays Soho bar with Cristal and Dom... just because he can
> read more
Daily News
West Coast Bayou?
Lehman Brothers recently filed suit against Wood River Capital, a California hedge fund suspected of fraudulent stock transfers
> read more
Holiday Blues?
Trading slumped yesterday as investors sniffed inflation trouble and reacted to disparaging retail news
> read more
Gutfreund: Sexual Harasser?
The former head of Salomon Brothers' trading firm is accused of commented on a colleague's breasts
> read more
Ohio Fund Hid Losses
The former CIO of the Ohio Bureau of Workers' Compensation says the department misled auditors and undermined state officials
> read more
Refco Talks to J.C. Flowers
The company is in "advanced negotiations" to sell its futures brokerage business
> read more
New Fed Chairman Named
White House advisor Ben Bernanke will succeed Alan Greenspan
> read more
Lee to the Rescue?
Investors hope Thomas H. Lee Partners will step in to save Refco -- and its own 49 million shares in the company
> read more
Refco Bidders Pile Up
Four additional firms expressed Refco interest in bankruptcy court filings today
> read more
Hedge Fund Sues Refco
When Refco failed to hand over the hedge fund's collateral, AQR sought a court ruling to ensure its swap agreements
> read more
Kickback Brokerages Fined
The NASD has fined eight brokerages for steering its clients into preferred funds in return for payment
> read more
CME Slashes Fees
The Chicago Mercantile Exchange counters the Eurex threat by lowering fees for hedge funds and CTAs
> read more
Chevron Warns of Greater Losses
The oil giant missed third-quarter expectations and expects more significant carryover effects from Katrina, Rita and Wilma
> read more
Refco May Sell Off Pieces
Contrary to speculation, the Man Group says it's not in discussions with Refco, but others are
> read more
Nasdaq Plan Takes Shape
The S.E.C. yesterday proposed granting exchange status to the Nasdaq stock market
> read more
Stocks Tiptoe Ahead
Crude oil prices dipped Tuesday as the government announced it would release heating oil reserves
> read more
Bayou: Common Criminals
The overriding lesson here: small investors should diversify with established companies; thieves happen
> read more
Poll: Fed To Stay Aggressive
The top Wall Street banks expect at least three more increases in short-term rates from the inflation-conscious Fed
> read more
The Refco Mystery
How one persistent employee uncovered the accounting scandal of the year... in just a few weeks
> read more
Putnam Dumps Stock
CEO Gerry Putnam sold $3.8 million in Archipelago stock to buy a Big Board seat after the merger
> read more
Buffett Book Sparks Bidding War
The Berkshire Hathaway leader won't even be writing the book that's getting bid into the $7 million range
> read more
Higgins Amasses Supporters
Eleven NYSE seatholders have now joined a lawsuit trying to block the Archipelago merger
> read more
No Nymex Fireworks
Management and members met peacefully Thursday to discuss selling 10 percent of the exchange for $135 million
> read more
September Payrolls Down By 35,000
The Labor Department announced today that the economy lost 35,000 jobs in September - the worst performance in two years
> read more
Hedge Fund Manager to Sue SEC
A manager at Opportunity Partners LLC will sue over the SEC's impending registration rule for hedge fund managers
> read more
Jobs Fear Looms
The unemployment rate is expected to increase from 4.9 to 5.1 percent tomorrow
> read more
Refco Capital Markets Halts Trading
The brokerage unit of Refco Inc. will stop all activities for 15 days, analysts fear it may not survive
> read more
Hedgies Pull Ahead
Hedge funds outperformed the equity and bond markets in September
> read more
Refco Fallout
Thomas H. Lee Partners has taken a $721 million beating as Refco shares have plummeted this week
> read more
Hedgies Adopt New Rules
Beginning today, several banks will refuse certain trades with customers who don't abide by new rules
> read more
Refco CFO Took $46 Million Bonus
Robert Trosten has approached the high-profile securities defense lawyer Robert Morvillo
> read more
Consumer Spending Stays Strong
The October recovery compensates for September's post-hurricane dip
> read more
Hedge Fund Halt?
Growth is projected to slow as fund managers have trouble attracting new money from wealthy private investors
> read more
Study Blasts NYSE Merger
A report prepared by HSBC investment banker says the overstaffed exchange has a bloated compensation structure
> read more
Archipelago CEO Under Scrutiny
Jerry Putnam has a history of investments in and close relationships with companies that do business with his firm
> read more
Wall Street Hits Five-Month Low
Inflation worries, plus fresh data about import prices, contributed to a poor trading day Thursday
> read more
Refco Shares Plummet
Refco put its CEO and chairman on leave today after discovering he controlled a firm that owed the company $430 million
> read more
NYSE "Bomber" Charged With Coercion
Edward Reiss, an NYSE member since '73, is accused of threatening fellow seatholder William Higgins with bodily harm
> read more
Competition Hurts Amazon's Numbers
Virtual book stores slips 8% on Tuesday after disappointing third quarter earnings
> read more
Keywords:
News
Ford to Close Plants
The auto giant reported significant third-quarter losses and warned of future plant closings
> read more
Keywords:
News
Wanted: 'Quick' Refco Buyer
Money manager Jim Rogers calls for a fast takeover of Refco, which will auction off its assets Oct. 24
> read more
Refco Sparks Accounting Reform
Regulators consider strengthening rules the require auditors to check what money is owed to companies by customers
> read more
J.C. Flowers Wilts Away
The hedge fund says it is "not prepared to commit at this time" to buying Refco's futures division
> read more
Google To Sail Past eBay?
Google looks to launch new, potentially free classified service
> read more
How Flowers Got Involved
The investment group headed by J. Christopher Flowers wants to buy Refco's core brokerage business; find out why
> read more
Hedge Fund Exec Admits Guilt
COO of a Connecticut hedge fund admitted to filing false statements with regulators to drive up stock prices
> read more
Bernanke's Numbers Game
The new Fed chairman loves his economic models, but does the rest of the industry?
> read more
Overstock Goes After "Sith Lord"
The online retailer amended its complaint against a major hedge fund and research firm to include five additional counts of libel and unfair business practices
> read more
S.E.C. Investigates Refco
New disclosures suggest the company's CEO began inflating reported profits years ago
> read more
Top UK Trader Quits
Daryn Soards, head of Marshall Wace's special situations fund, resigned after losing 20 percent despite an M&A boom
> read more
Stocks Reawake Wednesday Morning
Alcoa, DuPont, General Motors and Caterpillar aid market comeback
> read more
ConocoPhillips Tops Off At 89 Percent
The oil and gas company beats Wall Street's estimate for the third quarter
> read more
Refco Bidding Begins
The Interactive Brokers Group topped J. Christopher Flowers' bid for Refco's futures business
> read more
Dollar Rallies on Fed Inflation Concerns
Fed meeting notes leave foreign exchange dealers certain of future interest-rate hikes
> read more
Dow Slouches On Consumer Confidence
Wall Street worries one month prior to the holiday shopping season
> read more
Keywords:
News
Bennett Bail: $5 Million
The former Refco chief was charged by federal authorities last night in New York
> read more
NYSE Wants to Change Capital Rules
NYSE chief economist: Federal securities regulators should relax rules about calculating net capital for derivatives brokers
> read more
Boeing's Net Takes Off
Tax benefit helps aircraft company double third quarter profits
> read more
NYSE Won't Settle
Eleven members have filed suit against the exchange, whic says it won't settle
> read more
Economy Grows 3.8 Percent
The newest Commerce Department release suggests that consumers continued to spend in the third quarter
> read more
Who's the "Former Shareholder?"
Refco filing don't indicate the identity of the former shareholder who received $861 million
> read more
Cash Instead Of Stocks?
JP Morgan predicts that stocks may fall in coming months due to higher rates on cash investments
> read more
Rogue Traders Under Investigation
The SEC reportedly wants to know whether Fidelity Investments trades were manipulated to enhance performance
> read more
Consumer Confidence Wanes
The Conference Board research group says consumer confidence has hit its lowest level in two years
> read more
Refco Accomplice
The New Jersey hedge fund that allegedly helped Phillip Bennett hide Refco debt has a checkered past
> read more
Sihpol Bows to Fine
Eliot Spitzer dropped criminal charges against the former Bank of American borker after he agreed to pay $200,000
> read more
Hedge Fund Aided Refco?
Liberty Corner allegedly helped Phillip Bennett shift around money to hide debt totaling as much as $545 million
> read more
Refco Insiders Got $1 Billion?
Financial records show that, in the year before its IPO, Refco insiders received more than $1 billion in case
> read more
Wholesale Inflation Soars
The Labor Department reported a 0.3 percent increase in the core rate of inflation
> read more
Refco Death Toll
Underwriters on Refco's August 11 IPO could be on the hook for more than $200 million
> read more
That's a Wrap!
The Weinstein brothers stop fundraising after rallying $490 million in equity for their new film venture
> read more
Mortgage Rates Head North
The fixed-rate mortgage jumped above 6 percent virtually overnight; many blame fuel costs, inflation and Refco
> read more
Consumer Prices Surge
Inflation jumped 1.2 percent in September, sparked by a 12 percent increase in energy prices
> read more
Economy Resilient
The Commerce Department report shows growth in September's new housing market, despite rising energy costs and inflation
> read more
Harvard Picks Surprise Manager
Mohamed A. El-Erian, an emerging markets bond specialist, will oversee Harvard's $26 billion in assets
> read more
Refco Sells Futures Unit
J. Christopher Flowers has signed an initial agreement to buy Refco L.L.C., Refco Overseas and Refco Singapore for $768 million
> read more
Short Sellers Love Refco
Following the NYSE de-listing of Refco yesterday, a market surfaced in broker-to-broker "Pink Sheets"
> read more
The NYSE's Vague Reply
The Exchange evaded Senate questions about postponing Life Sciences' listing on Sept. 7
> read more
eBay Fire Sale
eBay's earnings forecast comes in under expectations, sparking a 6 percent drop in the share price
> read more
Rogers Vs. Refco
"Investment Biker" Jim Rogers filed a lawsuit Monday demanding that Refco hand over $362 million to his Beeland Management
> read more
Hedge Fund Assets Top $1.3 Trillion
Hedge Fund Manager Magazine reports that assets overseen by single managers rose to more than $1.3 trillion in 2005
> read more
Scan
Previously » September 2005
More recently » November 2005
Current » Morning Call: July 3
