Mindich Hedge Fund Counts on Film Department IPO to Recover Defaulted Debt Hedge-fund manager Eric Mindich has as much as $36 million riding on the initial public offering of Film Department Holdings Inc., the movie-studio startup that defaulted on debt held by his Eton Park Capital Management LP.
Soros Fund Management Buys $38 Million in Lehman Claims From Goldman Sachs Soros Fund Management LLC bought $38 million in claims on bankrupt Lehman Brothers Holdings Inc. from Goldman Sachs Group Inc., according to court filings.
Corzine to Make MF Global Into Treasuries Primary Dealer as Earnings Slump Jon Corzine, the former New Jersey Governor who ran Goldman, Sachs & Co. from 1994 to 1999, plans to expand MF Global Holdings Inc. beyond its futures brokerage by putting its money on the line for the first time.
World’s Biggest Pension Fund May Reduce Money Managers, Change Key Indexes Japan’s public pension fund, the world’s largest, said it may cut money managers to simplify operations and adopt new benchmark indexes to reduce market impact and lower trading costs.
Citigroup Loses U.S. Court Bid to Get Terra Firma EMI Lawsuit Thrown Out Citigroup Inc. must face Terra Firma Capital Partners Ltd.’s lawsuit in New York accusing it of tricking the private-equity firm into buying EMI Group Ltd., a judge said.
Dai-ichi Raises $11 Billion in World’s Biggest IPO Since Visa Sale in 2008 Dai-ichi Mutual Life Insurance Co. will raise 1.01 trillion yen ($11 billion) in the world’s biggest initial public offering in two years after pricing the IPO at the middle of its forecast range.
Man Group Sees Drop in Full-Year Profit as Largest Fund Posts Annual Loss Man Group Plc, the largest publicly traded hedge-fund firm, said it expects to post a drop in full- year profit after its largest fund posted its first annual loss, cutting performance fees by three-quarters.