Monthly Archives: August 2009
Hedge Fund Managers Split Over Strategy
New York Times – Russell Herman, the chief executive of the hedge fund firm Dawson-Herman Capital Management, is the latest manager to shutter his fund after heavy losses last year and differences with the firm’s founder, Jonathan Dawson. Mr. Herman […]
Funds: Behind Bob Olstein’s Comeback
BusinessWeek – The collapse of Lehman Brothers on Sept. 15, 2008, and the ensuing stock market crash forced Bob Olstein, who has been analyzing companies’ financial statements and managing money for 41 years, to change the way he evaluates and […]
Oregon wins first round against college fund manager
Oregon Live – Oregon won the first round in a $36 million court battle against the former investment manager of its college fund by keeping the lawsuit out of federal court. U.S. District Judge Michael Hogan ruled that the case […]
U.S. Companies Play the Recovery
Overseas – Some of the best news for U.S. companies and investors has been coming from overseas. At home, the news remains bleak. In July, for example, U.S. retail sales slipped 0.1%—not the increase many economists were expecting. Heavily indebted […]
Cuomo likely to file suit against Schwab: report
Reuters – New York Attorney General Andrew Cuomo, probing illegal marketing and sales of auction rate securities (ARS), is likely to file a lawsuit on Monday against Charles Schwab Corp (SCHW.O) for civil fraud, the Wall Street Journal said, citing […]
U.S. pay czar says he can “claw back” exec compensation
Reuters – Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that […]
Sterling falls as bears raise pressure over stimulus cash
This is London – It also led many in the City to believe the Bank favours a weak currency, prompting a series of downbeat forecasts today. “I’m super bearish on the pound,” said Hans-Guenter Redeker, the London-based head of foreign […]
Selector hails rise of Ucits III hedge funds
Citywire.co.uk – Fund selector Christian Lundström, from Independent Investment Group in Sweden, is welcoming the evolution of the Ucits III space which is seeing more and more hedge fund groups entering the area. Last week, HSBC Asset Management’s Farley Thomas warned […]
The Second Wave of The Depression: Hyperinflation is Likely
Center for Research on Globalization – The second wave of the world economic depression is coming soon. Larry Summers, the economics czar of the Wall Street puppet regime currently in power in Washington, recently confessed to the Financial Times in […]
Alternative Investments Report: Identify Demand for Hedge Funds
West Palm Beach (HedgeCo.net) – Research and Markets has announced the addition of the "High Net Worth Alternative Investments" report to their offering. The report identifies demand for hedge funds, capital protected funds, private equity funds and real estate funds […]