Tag Archives: wilbur-ross
Big-name investors, CEOs and hedge funds don’t escape market storm, posting big losses
NewsDay – Here’s something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone. They are still plenty […]
600 jobs likely to go at Goldman
Guardian Unlimited – The threat of further redundancies hung over the City last night as it emerged that the investment bank Goldman Sachs is expected to cut at least 600 jobs in London. A wide-ranging cull of hedge funds in […]
GE to raise $15 billion, Buffett gets preferred stake
Reuters – General Electric Co plans to raise $15 billion through stock sales — including $3 billion from Warren Buffett — to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the […]
Buffett Wannabe Tied to $2 Billion Ponzi Scheme
New York Post – Billionaire Tom Petters fancied himself the next Warren Buffett – that is until his empire starting crashing down like a house of cards. The feds accuse Petters, one of Minneapolis’ fastest rising business stars, of secretly […]
Coca-Cola: A Strong Stock in Shaky Times
BusinessWeek – Not many stocks were left standing when the Dow Jones industrial average crashed by 504 points on Sept. 15—the worst drop since the September 11 terrorist attacks. One stock that did stand firmly was Coca-Cola, the world’s largest […]
Sexism and the city: you dont need men when you run $60bn in assets
The Independant – Susan Solovay, founder of a New York-based fund of hedge funds, explains to Martin Baker why her strategy of investing only with female managers will pay off – and why Warren Buffett is in fact a woman […]
Chinese fund manager wins Warren Buffett lunch
Reuters India- A Chinese fund manager has won a lunch with famed U.S. investor Warren Buffett after bidding $2.11 million for the opportunity in a charity auction, more than three times what the lunch fetched last year. Zhao Danyang, who […]
Buffett bets on the S&P 500 to beat a fund-of-hedge-funds
Los Angeles Times – The hedge fund industry can only exist because investors believe their fund managers will deliver above-average returns over time, despite the portfolios’ hefty fees. Master investor Warren Buffett, who has long derided those fees, now has […]
