A newly formed asset-management shop wants to purchase lower- rated asset-backed securities and package them into collateralized debt obligations. The firm, StoneCastle Partners, was founded by Citigroup alumnus Joshua Siegel and two undisclosed partners. Its plan is to buy asset- […]

Waiting for the ‘All Clear’? We try to make sense of the past to identify good investment behavior for the future. We’re cautious because of the beating stocks have taken after the bubble. We fear that unforeseen political events or […]

It looks like returns on asset-backed securities will fluctuate this month, as investors move in and out of various segments of the bond market. Although asset-backed spreads appear on track to remain relatively stable for the next few weeks, prices […]

Models for Investors in Real World Markets, by James R. THOMPSON, Edward E. WILLIAMS, and M. Chapman FINDLAY, III, Hoboken, NJ: Wiley, 2003, ISBN 0-471-35628-X, xxi + 372 pp., $84.95. The most common cocktail party comment that I receive, when […]

Nigeria’s debt at 31 billion US dollars: official LAGOS, Aug. 1 (Xinhua) — Nigeria’s debt profile has been put at 31 billion US dollars, local newspaper This Day on Friday quoted Charles Soludo, economic adviser to President Olusegun Obasanjo, as […]

Great entrepreneurial regions aren’t created. They’re born. And fortunately we’re in one of the nation’s best places to start a company. That’s apparent from new research published by the Cambridge- based National Bureau of Economic Research. The study, by authors […]

Jul. 31–There’s no excuse for the University of California to continue keeping data on its venture capital investments under wraps. In a strong, sound and thorough decision, a Superior Court judge last week ordered the university to open the books […]

Jul. 31–SWANSEA, Mass.–There’s nothing particularly impressive about Swansea Mall Drive. It’s your typical suburban commercial strip, featuring national chain stores, local mom-and-pops andleft-hand turning lanes. But to some on Wall Street and to many local investors, Swansea Mall Drive may […]

WINDSOR, Conn.–(BUSINESS WIRE)–July 31, 2003–SS&C Technologies, Inc. (Nasdaq: SSNC) today announced that its Board of Directors has declared its first-ever, semi-annual cash dividend of $0.10per share, to be payable September 12, 2003 to shareholders of record at the close of […]

Jul. 31–Still enjoying the thrill of the hunt, legendary corporate raider Carl Icahn has a Dallas-based real estate company in his cross hairs. Mr. Icahn unveiled his intent to take over Dallas-based Hallwood Realty Partners LP on March 3, with […]

Jul. 31–Venture capital investments in Utah plummeted in 2002, and a new survey suggests businesses eager to augment their bank accounts with such outside financing continue to struggle this year. During the first six months of 2003, venture capitalists funded […]

Confidence recovering, SEC chief says Donaldson says new rules are also improving corporate integrity By KATHERINE M. SKIBA [email protected], Journal Sentinel Thursday, July 31, 2003 Washington — The year-old federal laws cracking down on corporate crime and accounting abuses may […]