- Goldman Sachs Bonuses May Get Boost as Obama Plan Hammers Stock
- Funds sue Porsche over VW debacle
- Jabre to ‘hard close’ its flagship hedge fund
President Barack Obama’s call last week to curb bank risk-taking and crack down on “obscene” Wall Street bonuses may help boost those very payouts at Goldman Sachs Group Inc.Goldman Sachs, like many banks, is awarding more of its bonuses in stock to tie them more closely to performance. The firm priced those shares at $154.12, the closing level on Jan. 22, a person familiar with the matter said, after a two-day, 8.1 percent slide prompted by Obama’s plan…..
Funds sue Porsche over VW debacle – Financial Times
Four large hedge funds yesterday launched lawsuits against Porsche and two former executives, seeking damages of more than $1bn for losses arising from the sports car maker’s failed takeover attempt of Volkswagen.In what could turn out to be one of corporate Germany’s largest battles for damages, the hedge funds – Elliott, Glenhill, Glenview and Perry Capital – filed a lawsuit at a federal court in New York. They are trying to recoup massive losses suffered after a VW share price surge in 2008 triggered by the attempt to take over Europe’s largest carmaker……
Jabre to ‘hard close’ its flagship hedge fund – Financial Times
Jabre Capital, the Geneva-based hedge fund run by the former GLG Partners star trader Philippe Jabre, is to shut its flagship fund to new investments in a bid to ensure its returns are not curtailed by its size.The fund – the $2bn Jabcap Multi Strategy – is to “hard close” for two years when it reaches $2.5bn in size……
Tags: Barack Obama, Bonuses, Compensation, Goldman Sachs, Hedge funds, lawsuits, Philippe Jabre, Porsche, Short squeezes
