Singapore sovereign fund GIC takes a long view on real-estate plays, eyeing emerging markets despite recent turmoil, its property chief said.» Read More
Barclays Bank accused Bear Stearns on Wednesday of loading one of its hedge funds with about $500 million in troubled assets just weeks before it collapsed with another fund.
As we near the end of the year, the S&P is up a measly 2 percent. If it ends here, it will be the worst year since 2002. One reason for a lackluster year in stocks has been the complete and utter indifference of the Ameican investor to U.S. stocks. To be blunt, U.S. investors are sticking all their cash in overseas funds.
A new Goldman Sachs stock hedge fund could be launched with more than $6 billion, with some investors expecting the fund to attract as much $10 billion, people familiar with the fund said.
When it comes to charitable giving, who gives more--hedge funds or private equity? Turns out the private equity folks are the cheapskates.
U.S. securities regulators sued two former financial advisers at Morgan Stanley Friday for defrauding at least 50 mutual fund companies and their shareholders.
The global economic boom has seen a surge in demand for raw materials, especially in countries like China and Indian. This demand has driven prices of commodities to unprecedented levels with the price of basic metals like lead and copper hitting the roof. This week's A Fund Affair looks at a fund that invests in the just the basics.
Why are financials weak again? Because the Street has come to realize that estimates for 2008 are too high. They have already attacked earnings for the fourth quarter (S&P Financial Sector estimates for Q4 are down 20% compared to the same period last year); now they are attacking 2008.
Hedge-fund investors suffered their worst month of investment performance since the bursting of the dot-com bubble, with intense volatility in global markets tipping every strategy into a loss, London newspaper the Times reported, citing preliminary figures from Hedge Fund Research (HFR).
The likes of Warren Buffett have put corporate philanthropy at the forefront. In 2006, he pledged 85% of his wealth or roughly $37 billion to five foundations. The richest man in Asia, Li Ka-shing, is doing the same. He intends to give away a third of his fortune -- nearly $11 billion. We thought we’d back away from the usual theme this week of investing for monetary returns, and instead, focus on a selfless, non-profit fund for a change. A fund that lets you 'invest' and reap social returns.
Online brokerage E-Trade Financial Corp, which has been pounded by credit woes in the mortgage business, said on Thursday that it was getting a $2.55 billion cash infusion from investors led by Citadel Investment Group.
European shares jumped 2.6 percent on Wednesday, driven by a rally in recently beaten-down banks and tracking strong gains across the Atlantic, where hopes of a U.S. rate cut buoyed equities.
Dutch industrial engineering company Stork said Wednesday its board and major shareholders support a new 1.5 billion euros ($2.2 billion) takeover bid, likely ending a stalemate over the company's future.
The U.S. Federal Reserve and European Central Bank announced plans to pump more funds into troubled money markets to give banks enough cash to tide them through a year-end squeeze.
The board of CSX said Friday it supports the railroad's management and criticized an activist hedge fund that has called for changes at the company.
Delta Air Lines, the No. 3 U.S. carrier, said it has established a special board committee to help management review its strategic options, including mergers.
United Rentals said on Wednesday that Cerberus is not prepared to proceed with the purchase of the company on the terms set forth in its July takeover agreement.
Bear Stearns expects to write down $1.2 billion of assets linked to mortgages in the fourth quarter, but the worst of the bank's mortgage writedowns is over, Bear's chief financial officer said.
Gold fell more than 3.5 percent to a one-week low on Monday, as sliding oil prices and a rising dollar prompted investors to cash in on bullion's recent lightning rally to 28-year highs.
Merrill Lynch said its total exposure to risky debt is $27.2 billion, or about $6.3 billion more than what the company disclosed late last month.
Merrill Lynch's board of directors has alerted BlackRock chairman Larry Fink that he can take over as CEO if he so choses. Fink, according to sources close to the matter, has said he will take the next two weeks to decide.