Tag Archives: miami-herald


Bill omits Guantánamo closure funds

Miami Herald – The Obama administration’s bid for $50 million to move prisoners from the Guantánamo Bay detention facility was left out of the Democratic-authored emergency war spending bill unveiled Monday. Defense Secretary Robert Gates had sought the funds in […]

Former hedge fund manager remains held

Miami Herald – A former hedge fund manager accused of swindling investors of nearly $200 million will remain held in federal custody. An attorney for Won Sok Lee sought a continuance for his arraignment Friday so Lee can obtain a […]

Miami CEO Dishes Out $60 Million to Thank Employees

New York (HedgeCo.Net) – While some top banking execs choose to blow millions on lavish area rugs or fancy, non functional commodes, Leonard Abess Jr. of Miami-based City National Bank had a better idea; give back to the people who […]

Asia’s bull run ends in 2008 with record falls

Miami Herald – Nearly two-thirds said they had lost 70 percent of their investments or more, according to the survey by the Shanghai Securities News, a newspaper affiliated with the stock exchange. Many Asian hedge funds, meanwhile, took a drubbing […]

Neuberger Berman to buy Lehman Holdings

West Palm Beach (HedgeCo.net) –  Due to their recent share decrease, Lehman Brothers Holdings Inc. has agreed to sell majority interest to asset manager Neuberger Berman. The transaction will create a new, independent investment management company to be called Neuberger […]