Hedge funds' problems could push markets over the brink

Article Abstract:

A reorganization is to take place among top management at George Soros' flagship Quantum hedge fund following almost three years of poor performance. This news follows concern about the financial strength of Julian Robertson's Tiger Fund. It comes at a time when conventional fund managers have been performing well, as have other hedge fund managers. It is rumoured that Tiger's problems are worse than it is revealing, and some observers are even suggesting covert G7 central bank hedge fund bail-outs.

Organizational history, Investment Companies, Open-End Investment Funds, Management, Hedge funds, Quantum Fund N.V., Tiger Fund

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Goldman's to float up to 15% in autumn

Article Abstract:

Investment bank Goldman Sachs believes that going public will allow ownership benefits and responsibilities to be shared more widely among all its employees. It is likely that between 10% and 15% of the bank will be sold in autumn 1998, with its 190 partners possibly receiving a paper windfall of $80 million each. Some observers believe that the decision has been motivated by greed, while the bank itself states that it must increase its ability to raise capital.

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Goldman Sachs gives the go-ahead for $25bn float

Article Abstract:

It is likely that US investment bank Goldman Sachs will be valued at around $20 billion to $25 billion when it attempts to float in May 1999. This is around a third lower than the valuation anticipated when the bank first began seeking a flotation in Jun 1998. It is expected that between 10% and 15% of Goldman Sachs will be sold to investors, with the 220 working partners receiving paper worth $45 million on average.

Comment:

Has reported that it will be valued at about $20-25 bn for May 1999 float

Securities Dealers, Securities issued, listed, Securities industry, Securities

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