Reuters reports that in a filing in Manhattan bankruptcy court last week, Lehman and a committee of its unsecured creditors said months of disclosures about the trader, Bruno Iksil, suggest that he played a "greater role" than previously thought in the events underlying the May 2010 lawsuit.
In the meantime, Bloomberg reports that Peter Fisher, head of fixed income at BlackRock Inc., will leave his post to join the company’s group that provides market research and analysis, according to a memo sent to employees.
Fisher, 56, will become senior director of the BlackRock Investment Institute following the completion last year of a restructuring of the bond team. Rick Rieder and Kevin Holt will become co-heads of Americas fixed income, according to the memo.
And The New York Post reports that Blackstone Group’s Stephen Schwarzman gave SAC Capital Advisors’ Steve Cohen a little Valentine’s Day kiss last week.
Blackstone, which has $550m invested with Cohen’s $14bn hedge-fund empire, cut a deal to keep the 'vast majority' of its money with Cohen’s SAC for at least another three months, The Post has learned.
Under his deal, Schwarzman’s $210bn investment powerhouse now has until mid-May to decide whether it wants to redeem its investment in SAC by December 31st.
Finally, The Financial Times reports that finance chiefs better beware: accountancy’s answer to RoboCop will soon be watching you.
The Securities and Exchange Commission is deploying an innovative computerised tool designed to automatically trigger alerts concerning suspicious accounting at publicly traded companies.
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