Posts Tagged ‘

eddie lampert

Lamped

Several interesting themes on hedge funds around this week.

Robert Peston at the BBC, notes that the conversion of Morgan Stanley and Goldman into commercial banks will inevitably have led to a massive squeeze on their prime brokerage lending operations: More…

Citi rises on Lampert stakebuilding

Citigroup shares rose sharply on Wednesday after Edward Lampert, the hedge fund manager who controls Sears Holdings, disclosed that he had built an $800m stake in the world’s largest financial services group. More…

Citigroup’s worst nightmare?

Oh dear. Just a couple of weeks after senior Citigroup executives were revealed to have concerns that the bank could become the target of activist hedge funds, look what happens…

Shares in Citi rose sharply in after hours trading in New York following news that Edward Lampert, More…

Lampert fund discloses Citi stake

An affiliate of Edward Lampert’s hedge fund on Tuesday disclosed a 15.24m share stake in Citigroup, raising speculation that the billionaire might push for changes at the largest US bank. RBS Partners, More…