Tag Archives: europe


High-flying fundraisers who saw nothing wrong

March 13, 2009 : Permalink

Guardian Unlimited – Andres Piedrahita, a London-based fundraiser for Bernie Madoff’s fraudulent empire, is among high society figures facing increasing pressure to explain how they missed warning signs around the disgraced hedge fund manager. Piedrahita, who has homes in Belgravia, […]

JPMorgan tips drugmakers and non-life insurers

February 4, 2009 : Permalink

Reuters UK – JPMorgan Europe Dynamic fund favours defensive drugmakers and non-life insurers and has no plans to move into cyclicals until company newsflow, employment and money supply improve. John Baker, portfolio manager of the 260 million euro (233.52 million […]

Worries over hedge funds send LSE to four-year low

January 21, 2009 : Permalink

Times Online – Shares in the London Stock Exchange dropped nearly 10 per cent or 50½p to a four-year low of 463½p amid fears that its trading update tomorrow will show another dramatic slump in the value of equities traded […]

Inspector General investigating Boston and New York SEC offices in in wake of Markopolos allegations

January 14, 2009 : Permalink

Examiner.com – David Kotz, Securities and Exchange Commission Inspector General, told the U.S. House Committee on Financial Services last week he was determined to learn "the reasons for the SEC’s apparent failure to act" on repeated warnings about Bernard Madoff’s massive […]

Blackstone’s GSO hedge fund shuts Asia desk

January 13, 2009 : Permalink

Reuters – GSO Capital Partners LP, Blackstone Group’s $25 billion credit hedge fund, is closing its Asia investment desk after failing to find attractive investments in the region, sources familiar with the matter said on Tuesday. The four-member team, led […]

Adolf Merckle, German tycoon who lost millions on VW shares, commits suicide

January 7, 2009 : Permalink

Times Online – One of Europe’s most influential industry magnates has thrown himself in front of a train after his business empire began to crumble. Adolf Merckle, the 74-year-old head of a conglomerate that employs thousands in Britain and elsewhere […]