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The fall in asset prices brought on by the financial crisis has shrunk the size of sovereign wealth funds belonging to oil-rich countries and Asian exporters, the World Street Journal reported on Wednesday on its Web site.
The Carlyle Group, one of the nation's largest private equity funds, has agreed to pay $20 million and make other reforms to resolve its role in an influence-peddling scandal at New York's public pension fund.
The move, which the dealers can appeal, is likely to cause devastating affects in cities and towns across the country as thousands of jobs are lost and taxes are not paid.
The Obama administration wants government to have a say in how financial institutions pay their employees and is working to change Wall Street practices so that compensation is more closely tied to performance over time.
The Robin Hood Foundation’s spring fund-raising event has long set the pace for charity benefits, raising tens of millions of dollars from publicity-averse hedge fund moguls who engaged in raucous bidding wars. That was then, this is now.
The Treasury will likely notify a group of asset managers later on Wednesday that they were chosen to take part in the first wave of the Public-Private Investment Program funds, CNBC has learned.
Sometimes the technical case for buying a stock is just too good to ignore.
A handful of other financiers are being blamed for precipitating the bankruptcy of an American icon. As Chrysler’s fate hung in the balance Wednesday night, this group refused to bend to the Obama administration and accept steep losses on their investments while more junior investors, including the United Automobile Workers union, were offered favorable terms.
We should get an update at this weekend's Berkshire Hathaway shareholders meeting on Warren Buffett's long-term bet against Wall Street. Last June, we learned that Buffett had agreed to a 10-year, $1 million wager to back his long-held argument that "experts", specifically hedge fund managers, don't do better than the stock market as a whole, especially when you factor in the big fees those experts collect from investors.
Mutual funds and hedge funds hold two opposing views of the market right now. Cramer tells you who is right.
New York-based hedge fund D.E. Shaw has decided not to place its bid to buy Madoff Securities, CNBC has learned.
Pershing Square Capital Management tells CNBC it is not short the stocks of any banks.
From New York to California, public pension funds staked billions in good times on the highest of Wall Street high rollers: hedge fund managers and corporate buyout specialists. But for many of these pension funds — and the millions of people who are relying on them for their retirements — that gamble is not paying off as hoped.
You don’t have to work on Wall Street to play in the major leagues.
Global stocks were up Thursday, ahead of the long Easter weekend, with banks and commodities leading the gains. Experts tell CNBC that while caution should reign when investing in banking stocks, commodities have potential over the long term.
Global stocks were down Wednesday, after poor results from U.S. aluminum producer Alcoa dragged Wall Street lower and sparked fears of a disappointing earnings season. Experts tell CNBC they see value in banks in China and Singapore, but stress caution when approaching markets.
The markets could see a 1938-type recovery this year, said Barton Biggs, Traxis Partners managing partner.
Global stocks were mixed Tuesday with the banks dragging the most after noted analysts Meredith Whitney and Mike Mayo warned on the sector ahead of U.S. earnings season. Experts tell CNBC that more pain is ahead for financials and as a result, investors should avoid them.
Global stocks started the week in positive territory Monday, with banks and oils leading the gain, as investors became more reassured that the global economic slowdown has bottomed. Experts tell CNBC how to make money at this time.
Global stocks slipped Friday as the positive sentiment stemming from the G20 summit's coordinated action and united front diminished and was replaced by caution ahead of the U.S. nonfarm payrolls report.
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