Maureen Farrell - Aug 15, 2012 3:26 PM ET
Wall Street has been playing a game of musical chairs, and the tempo is picking up.
From UBS to Deutsche Bank to JPMorgan Chase to Citigroup, executives are hopping to rival banks at a rapid clip. With low trading volume and tough market conditions, many chairs are also vanishing when the music stops.
Among the lost chairs so far: Mitch Moore, the global head of UBS's (UBS) prime brokerage unit, resigned last MOREMaureen Farrell - Jun 18, 2012 1:50 PM ET
After six months of losing to the broader market, hedge funds finally beat the S&P 500's performance in April, slipping only 0.6% compared to the index's 0.8% decline. But that wasn't enough to lure in investors.
Hedge funds, which have an estimated $1.7 trillion in assets combined, saw investors sell off an estimated $5.1 billion worth in April, reversing two consecutive months of inflows, according to a monthly report from investment research MOREHibah Yousuf - Jun 12, 2012 4:59 PM ET
There's no doubt that hedge funds have had a tough time beating the broader stock market in recent years, but they've still got an edge over individual investors when it comes to stock picking. And if that's your thing, investing like a hedge fund all-star just got easier.
The Top Guru Holdings Index ETF (GURU), which began trading Tuesday, invests in the single biggest holding of 68 top hedge funds, including MOREHibah Yousuf - Jun 5, 2012 4:14 PM ET
There are more changes afoot at JPMorgan Chase (JPM), and this time, they are spreading beyond the bank's chief investment office, the unit responsible for a multi-billion dollar loss.
Lou Lebedin, the head of JPMorgan's prime brokerage unit, is out, according to a source close to the company. The prime brokerage unit executes and clears trades for hedge fund clients. JPMorgan is one of the giants in the space.
JPMorgan declined to MOREMaureen Farrell - May 29, 2012 1:23 PM ET
Not a member yet?Sign up now for a free account
|Glenn Beck walks off CNN interview over questions about his media company|
|Fox News commentator apologizes for racist remark|
|The weird reason that mighty Amazon isn't in the Dow|
|Can Starbucks be fixed?|
|Chinese tech investment in US is next target in Trump's crackdown|