Archive for January, 2008

Banks Expanding Risk Management Teams

Thursday, January 31st, 2008

In the wake of the credit crisis, the role of Chief Risk Officer at large financial institutions has come under increased scrutiny.  Wall Street firms have traditionally viewed risk managers as advisers, not decision makers.  Today, that is changing.  Bloomberg quotes CEO of New York-based Bear Stearns, as saying,  ”It’s not just risk management but [...]

The Bar Has Been Raised For CFOs

Wednesday, January 30th, 2008

Bank Chief Financial Officers are becoming increasingly valuable commodities following the subprime meltdown.  But finance chiefs must go beyond merely crunching numbers.  Now more than ever, CFOs are also under intense pressure to keep pace with a rapidly changing global market, according to the McKinsey Quarterly.  And as banks continue to grapple with complex loans [...]

Venture Capital Investing Hits Six-Year High

Wednesday, January 30th, 2008

Venture capital investing hit a six-year high in 2007 at $29.4 billion, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Financial.  Tracy Lefteroff, Global Managing Partner of the Venture Capital Practice at PricewaterhouseCoopers LLP, concludes, “Four straight $7 billion plus quarters is a clear indicator [...]

Infrastructure Finance Jobs Heating Up

Monday, January 28th, 2008

The push to rebuild America’s decaying infrastructure is gaining momentum. California Governor Arnold Schwarzenegger, Pennsylvania Governor Edward Rendell and New York Mayor Michael Bloomberg recently announce the formation of a non-partisan national coalition that will lobby for at least $1.6 trillion over the next five years to invest in the country’s rotting infrastructure.  ”America needs [...]

Hedge Funds Are Hiring

Friday, January 25th, 2008

The outlook appears bright for hedge funds in 2008.  The Hennessee Group estimates that its Hennessee Hedge Fund Index advanced 11.6% in 2007.  Looking ahead, interest in the asset class by institutional investors is expected to grow.  The Lipper Hedge Fund Survey shows that institutional investors will account for an increasing percentage of hedge fund [...]

Opportunities Abound for IFRS-Trained Accountants

Thursday, January 24th, 2008

Business has become global.  But in order to conduct cross-border business, there must be a common set of regulations throughout the world.  And industry leaders around the world are pushing for just that.  A recent survey of accounting executives conducted by the International Federation of Accountants (IFAC) shows that there is overwhelming support for the [...]

Demand Intensifies for Experts in Loan Workouts

Wednesday, January 23rd, 2008

Lenders are intensifying their efforts to help troubled borrowers, according to a new report issued by the Mortgage Bankers Association (MBA).  The group’s research shows that the mortgage industry, facing a total of 384,000 new foreclosures, modified about 54,000 loans and established formal repayment plans with another 183,000 borrowers during the third quarter of 2007. [...]

Need for Bankruptcy Attorneys Escalates

Tuesday, January 22nd, 2008

The domino effect of the subprime mess has resulted in a growing need for attorneys specializing in litigation, securities, restructuring, real estate,and bankruptcy.  In fact a recent report in Legal Times states, “A litigation army is massing at major law firms to fight the wave of investigations, class actions, and bankruptcies that are expected in [...]

Demand for 130/30 Managers Remains Strong

Monday, January 21st, 2008

The U.S.130/30 market could reach $500 billion in the next three years.  That’s according to a recent survey released by Merrill Lynch reports Hedge World.  Globally, the 130/30 market could hit $1 trillion by 2011.  The survey confirms significant growth of 130/30 funds, or active extension strategies, thanks to the interest of institutional investors. 
 
A Merrill [...]

Investment in Renewable Energy Surging

Friday, January 18th, 2008

Around the world, investment in renewable energy projects is skyrocketing.  Last year, a slew of funds and venture capital firms targeting green technology emerged.  The trend appears to be continuing in 2008.  Executive recruiting firm, A.E. Feldman, says there continues to be a big rush of people and money into this area.  Investment professionals who [...]