Archive for February, 2008

PE Firms Drawn to Infrastructure, Alternative Energy - PART 2

Friday, February 29th, 2008

Rising energy prices and concerns over climate change have led to increasing investment focus on alternative energies.  A new survey conducted by Private Equity News shows they are going after alternative energy and infrastructure investment - sectors in which they have not traditionally been active - in order to bolster returns threatened by the credit [...]

PE Firms Drawn to Infrastructure, Alternative Energy - PART 1

Thursday, February 28th, 2008

Private equity firms are expanding their hunt for deals.  A new survey conducted by Private Equity News shows they are going after alternative energy and infrastructure investment - sectors in which they have not traditionally been active - in order to bolster returns threatened by the credit crunch, according to a report Dow Jones Financial [...]

Hedge Funds Need Back & Middle Office Staff

Wednesday, February 27th, 2008

Institutional investors will account for an increasing percentage of the client base of hedge funds over the next three years.  That’s according to a Pensions & Investments report, which cites a Lipper Hedge Fund Survey.  That means the hedge fund industry must adapt to grow its institution business.  Hedge Week reports that a separate study [...]

Major Financial Institutions Seeking Counterparty Credit Risk Managers

Tuesday, February 26th, 2008

Hedge funds pose a “systemic risk” to the economy, according to a report just released by the General Accountability Office (GAO).  Despite industry efforts to improve management and transparency, Pennsylvania Democrat, Rep. Paul Kanjorski, Head of the House Capital Markets Subcommittee, says, “We need to ensure that we have adequate knowledge of this sector of [...]

U.S. To Create Massive Carbon Market

Monday, February 25th, 2008

The next American President will most likely see the emergence of a colossal U.S. carbon trading market, worth $1 trillion a year by 2020, according to new research complied by New Carbon Finance.  Another new report issued by Point Carbon estimates the U.S. could be trading $600 billion in pollution credits annually by 2015.
Carbon trading [...]

Firms Desperate for Sarbanes-Oxley Expertise

Friday, February 22nd, 2008

Demand for experienced accountants has skyrocketed thanks to an increase in corporate governance regulations, particularly Sarbanes-Oxley.  Although technology has simplified communication, business and tax issues have become increasingly complex.  In the current environment of increased scrutiny and risk, companies must be prepared to support tax provision computations, positions, tax reserves, and disclosures.  But as greater [...]

Top Law Firms Expanding in Middle East, Asia

Thursday, February 21st, 2008

Top law firms are ramping up their practices in emerging markets, particularly the Middle East.  Meanwhile, growth in Asia continues to create opportunities for U.S. attorneys seeking positions at home and overseas.  Executive search firm, A.E. Feldman says attorney opportunities in these regions are growing.  The recruiting firm also notes that candidates with experience in the formation [...]

Demand for Skilled Anti-Money Laundering Professionals Rising

Wednesday, February 20th, 2008

Professionals within the financial services sector will focus on subprime market issues and managing anti-money laundering in 2008, according to global survey conducted by Bankersalmanac.com.  Apart from immediate concerns stemming from the credit crunch, the research finds that battling money laundering (AML) remains a top priority for financial institutions as new regulation continues to be [...]

Risk Management Opportunities Continue to Expand

Tuesday, February 19th, 2008

Societe Generale just had its debt downgraded by Standard & Poor’s.  This comes as the bank announced that bets by a rogue trader led to a $7.2 billion trading loss.  Societe Generale junior trader, Jerome Kerviel, started building up large positions in 2007. As his losses accumulated, he covered up his positions by hacking into [...]

Banks on the Hunt for Senior-Level Risk Managers

Monday, February 18th, 2008

Societe Generale, France’s second biggest bank, announced it plans to sell $8 billion of shares at a whopping 40% discount to shore up its balance sheet after huge trading losses, according to BBC News.  The financial behemoth is in the process of rebuilding its balance sheet to offset losses from unauthorized trades, which cost the [...]