- Lehman Brothers Examiner Files Sealed Report on Role of Banks
- DE Shaw mobilises team to buy distressed assets of fund rivals
- S.E.C. Enforcers Focus on Avoiding Madoff Repeat
- Ex-Morgan Stanley Banker Zaoui Said to Weigh Own Firm
An examiner probing Lehman Brothers Holdings Inc.’s 2008 failure filed under seal his report investigating whether banks such as JPMorgan Chase & Co. and Barclays Plc triggered or improperly benefitted from Lehman’s $639 billion bankruptcy.Examiner Anton Valukas said yesterday in court filings he would ask a judge for help in making the report public if people he interviewed didn’t consent to lift their demands for confidentiality. The report is about 2,200 pages excluding appendixes, and divulges so much “protected information” that it would be impractical to black out those parts before publication, he said…..
DE Shaw mobilises team to buy distressed assets of fund rivals - Financial Times
DE Shaw, the third largest hedge fund, has established an in-house team to look at buying portfolios of distressed assets and is targeting the holdings of rival hedge funds.The DE Shaw Portfolio Acquisitions Unit, launched last year, aims to capitalise on the discounts at which many illiquid assets are still trading, as well as a desire among many investors to cut loose portfolios that have yet to recover after last year’s rallies…..
It is the job of Robert S. Khuzami, the S.E.C. head of enforcement, to unmask the next Madoff — and, equally daunting, to convince skeptics that the commission can reassert itself and adequately police Wall Street.Since arriving at the S.E.C. a year ago this month, just as the Madoff scandal was grabbing headlines, Mr. Khuzami has cut red tape, created specialized teams to plumb hedge funds and other worrisome areas and tried to make the S.E.C. quicker and more nimble…..
Michael Zaoui, a 21-year Morgan Stanley dealmaker who helped advise Arcelor SA in the takeover by Mittal Steel Co. that created the world’s largest steelmaker, may set up his own firm this year, according to people familiar with the matter.Zaoui, 53, retired from Morgan Stanley in 2008 and maintained ties to major European clients, including Lafarge SA, the people said. He recently worked with Lafarge Chief Executive Officer Bruno Lafont on the Paris-based company’s agreement to sell its 17 percent stake in Cimpor-Cimentos de Portugal SGPS SA to Brazil’s Votorantim Cimentos SA, said one of the people, who declined to be identified because the engagement was private. Morgan Stanley advised Lafarge…..
Tags: Bankruptcy, Bernie Madoff, DE Shaw, Distressed, Hedge funds, Lehman Brothers, Morgan Stanley, SEC
