Tag Archives: financier
Hedge fund guru George Soros claims bonus anger is justified
City AM – Billionaire investor George Soros at the weekend became the latest high-profile financier to wade into the bonus debate as he claimed the backlash against banking fat cats on lucrative pay deals is justified. Speaking in an interview […]
Bad News Bears: The Travails of Journalists Turned Financiers
New York Times Blogs – Sure, it’s tough being a journalist these days. But if you think the news business is in trouble, try being a journalist turned financier. Some of the reporters who have left their ink-stained professions for […]
Kuwait financier facing U.S. fraud suit found dead
Reuters – A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector. A security source told Reuters that Hazem Al-Braikan appeared to […]
Hedge fund manager Chris Hohn donates £500m to his wife’s charity
Guardian.co.uk – The secretive hedge fund manager and philanthropist Chris Hohn last year donated almost half a billion pounds to the children’s charity run by his wife, it emerged yesterday. The £486m gift follows hefty profits at Hohn’s hedge fund […]
Judge Names Receiver in Madoff Feeder Fund Suit
Law.com – Goodwin Procter partner David B. Pitofsky was appointed Monday as receiver of the $1.7 billion Ascot fund put together by financier J. Ezra Merkin, almost all of which was invested with Bernard L. Madoff and lost. Justice Richard […]
Facing suits, Merkin sells art trove
Boston Globe – It’s been a bad few months for New York financier J. Ezra Merkin. First, his hedge funds lost $2.4 billion in the Bernard Madoff swindle. Then, he lost his post as chairman of GMAC Financial Services. Now, […]
Ark aims to rise above recession with charity extravaganza
Telegraph.co.uk – Mayor Boris Johnson will welcome guests, thought to include Tony Blair, Elton John and Jemima Khan, who have paid up to £100,000-a-table to be at the event at the former Eurostar terminal at Waterloo. Despite being dubbed Britain’s […]
Man eyes switch to independent valuation
Reuters – Man Group, the world’s largest listed hedge fund firm, is likely to extend the independent valuation of its flagship AHL strategy to calm investors spooked by Madoff, sources familiar with the matter said. AHL, a $25 billion (16 […]
Another Madoff linked hedge fund sued
NineMSN – The trustee overseeing the liquidation of disgraced financier Bernard Madoff’s assets sued another investment fund on Tuesday, claiming it owes Madoff’s victims more than $US1 billion ($A1.32 billion) it withdrew from his firm. The complaint in Manhattan bankruptcy […]
Demand for Hedge Fund Separate Accounts ‘a Knee-Jerk Reaction’
Bloomberg – Hedge fund investors’ growing demands for separate accounts may be an overreaction to increasing redemptions and fraud, participants said at an industry conference in Hong Kong this week. Investors are demanding accounts that allow them to tailor investments, […]
Bay State firm is sued in Madoff scandal
Boston Globe – Investors of disgraced financier Bernard Madoff have filed 18 lawsuits against Massachusetts Mutual Life Insurance Co. in an effort to recoup $3.3 billion that its hedge fund group lost in the scandal. But the Springfield insurer is […]
Stanford Receiver, SEC Ask Judge to Bar Investors From Lawsuit
Bloomberg – Stanford Group Co.’s court-appointed receiver and securities regulators asked a U.S. judge to deny requests by hundreds of investors to join the regulatory lawsuit at the heart of an $8 billion fraud investigation. The receiver, Ralph Janvey, and […]
