Category Archives: Syndicated
Lawyer in $700M fraud to plead guilty
New York Daily News – Marc Dreier will plead guilty to all charges stemming from the $700 million investment fraud he is accused of carrying out, his lawyer said Monday. Defense lawyer Gerald Shargel said Dreier will enter the plea […]
UK’s biz tycoons to flee high-taxed Britain
Indopia – Britain’s leading entrepreneurs are considering to leave the country as a mark of protest against UK Chancellor Alistair Darling’s new 50 per cent tax rate, a media report says. " Hugh Osmond, the pubs to insurance entrepreneur, is […]
HudBay stokes interest of Indian mining giant
Globe and Mail – An Indian mining giant has quietly amassed a near 10-per-cent stake in HudBay Minerals Inc., securing a major advantage over potential rival suitors for the Canadian zinc and copper producer that has hired advisers to explore […]
French economy minister criticises EU hedge fund plan
Guardian Unlimited – Aspects of a planned European Commission directive to regulate hedge funds do not go far enough and must change to protect investors, French Economy Minister Christine Lagarde said in remarks published on Monday. The commission is […]
Nearly 20 pct of Asia hedge funds close since ’08
Forbes – Almost 20 percent of Asia’s hedge funds closed shop since the start of 2008 as a wave of investor redemptions and sharp losses amid the financial crisis took a heavy toll on the region’s once high-flying industry, a […]
HudBay stokes interest of Indian mining giant
Globe and Mail – An Indian mining giant has quietly amassed a near 10-per-cent stake in HudBay Minerals Inc., HBM securing a major advantage over potential rival suitors for the Canadian zinc and copper producer that has hired advisers to […]
Goldman Sachs Boosts Risk-Taking at Fastest Pace on Wall Street
Bloomberg – Goldman Sachs Group Inc., unbowed by the securities industry’s worst year since the Great Depression, increased its trading bets at the fastest rate on Wall Street. Goldman Sachs’s so-called value-at-risk, the amount the New York-based bank estimates it […]
The last, frantic days of Perot family hedge fund
Dallas Morning News – To bank employees monitoring the hedge fund’s collapse, the e-mailed instructions were emphatic. "No securities, or cash, FOR ANY REASON are allowed to be sent out from JP Morgan." At issue that morning last November were […]
Hedge-Fund Divorcee Dives Into Art, Sex, Brooklyn: Book Review
Bloomberg – If there’s anything tougher than being married to a hedge-fund guy, it’s being divorced from one. That’s the lesson of Jill Kargman’s new novel, “The Ex-Mrs. Hedgefund.” Kargman specializes in the wealthy residents of Manhattan’s Upper East Side. […]
Citi Shareholders Show Rage at Annual Meeting
BusinessWeek – The anger was evident at Citigroup’s annual meeting on Apr. 21, where shareholders took turns at the microphone to object to how the bank has been operating. The meeting is usually a well-attended affair lasting many hours as […]