Allison Bisbey Colter

Douglas Decker will be responsible for all aspects of marketing and executing equity-linked solutions for Nomura's clients.

But there were also fewer hedge-fund launches, as investors continued to shun startups and smaller firms in favor of large, established players.

The U.K. hedge-fund giant made four hires as it looks to ramp up its U.S. institutional and private client businesses.

The Financial Services Authority said Thursday it fined Goldman Sachs $31 million for failing to notify the U.K. regulator that trader Fabrice Tourre was being investigated by the U.S. Securities and Exchange Commission.

No one knows what housing market reform — especially the reshaping of the government-sponsored enterprises — will look like, but Wall Street certainly is paying close attention to its impact on a kee source of fee income.

Initially, at least, the firm is staking out a niche in the secondary, rather than primary U.S. market. David Puritz, hired in March as U.S. head of convertible bonds, did just that in his former post at Deutsche Bank.

The Securities and Exchange Commission said Thursday that Goldman Sachs agreed to pay $550 million and reform its business practices to settle charges that the securities firm misled investors in a subprime mortgage product

Hedge funds finished the volatile first half with modest declines. The HFRI Fund Weighted Composite Index lost 0.81% in June, more than offsetting the gains in the first five months of the year to leave the index down 0.18% for the first half of 2010.

Jefferies Group said Tuesday its fiscal second-quarter earnings rose 37% on the back of record investment banking revenue.

The Securities and Exchange Commission said Monday it charged ICP Asset Management LLC and its founder and president, Thomas Priore, with defrauding investors four multi-billion-dollar collateralized debt obligations

Jefferies & Co. said Monday it hired Andrew M. Barish as a managing director and senior equity research analyst covering restaurant companies. Barish has over 20 years of industry experience, most recently at Cowen & Co., where he was a managing director for cosumer investment banking.

Kelleher was previously a managing partner and one of three founders of Sowood Capital Management, a multi-strategy hedge fund seeded by Harvard Management Company in 2004.Prior to founding Sowood, Kelleher spent eight years at Harvard Management.

Citi Capital Advisors, Citigroup’s alternative asset management platform, may seek $1.5 billion for private equity this year and $750 million for hedge funds, and an additional $1 billion of fundraising for hedge funds is targeted next year, this person said.

The Royal Bank of Canada, the country’s largest bank, plans to boost its presence in Europe by acquiring an investment banking boutique in London, according to a report in the Financial Times.

James Cassel and Scott Salpeter sold their firm, Capitalink, to Ladenburg Thalmann just over three years ago. Now, they are leaving the investment bank to start a new venture that will serve public and privately-held middle market companies.

Morgan Stanley said Friday that Stephen Roach, chairman of Morgan Stanley Asia and one of Wall Street’s most influential economists, will relocate from Hong Kong to New York, in part to take up a teaching post at Yale University.