Citadel Securities Filing Gives Glimpse of Ken Griffin’s Banking Startup Citadel Securities LLC, the brokerage firm started by Ken Griffin, reported earnings of $81.6 million on revenue of $1.01 billion last year, providing a glimpse of the hedge-fund manager’s efforts to build a competitor to Wall Street banks such as Goldman Sachs Group Inc.
Harvard, Dartmouth Took On Risks That Made U.S. Crisis Worse, Study Finds Harvard University, the richest U.S. college, and five of its New England peers succumbed to Wall Street’s influence on investment strategies, took on too much risk and made the financial crisis worse, according to a report.
Weintraub, Ex-Skagen Portfolio Manager, Starts Fund for Global Investments Filip Weintraub, who headed the Skagen Global fund for almost a decade, started the Labrusca Fund to target global investments.
Healthscope’s Private-Equity Suitors Raise Takeover Offer to $1.5 Billion Healthscope Ltd.’s private-equity suitors increased their buyout offer by 4.5 percent to A$1.82 billion ($1.5 billion) to win support from the directors of Australia’s second-largest hospital owner.
Merkel Appeals to Investors on Rules Amid Isolation Over Short-Selling Ban Chancellor Angela Merkel reached out to financial markets ahead of tomorrow’s vote on Germany’s share of a $1 trillion euro bailout, saying she needs “honest” advice as her government presses for tougher global regulation.
Dubai World Creditors Agree to Restructure $23.5 Billion of Debt Payments Dubai World, the state-owned holding company, reached an agreement with its main creditor group to restructure $23.5 billion of liabilities as it seeks to resolve a debt crisis that roiled global markets last year.
Sweet Spot Found in Longest Maturities as Inflation Falls: Credit Markets The first decline in U.S. consumer prices in more than a year is driving investors to the longest- maturity bonds in a bet tame inflation will keep the Federal Reserve from raising interest rates this year.