Opalesque – Launching in July 2007 with internal funds and the strength of a single seed donor New York-based MM Capital waded directly into the oncoming financial crisis with $6m in assets under management.

In the midst of historic industry wide asset declines the firm has managed to raise their asset levels to approach $50m (up 700%), and serves as a reminder amidst the asset raising doom and gloom that solid performance does indeed draw investor attention.

Read Complete Article

Tags: 6m, asset levels, assets-under-management, doom and gloom, financial crisis, investor attention, midst, reminder

Grand Forks Herald – From worrying about banks and a financial meltdown, investors are now wondering if they can trust the person investing their money.

In this year of shocks, investors were dealt another a little over a week ago. Someone considered one of the nation’s elite money managers, Bernard Madoff, reportedly confessed that he misled investors for years about the money they were making.

The $50 billion firm collapsed, allegedly wiping out funds of supposedly savvy investors – multimillionaires, colleges, foundations, brokerage firms and hedge funds. The clients, many of whom had done social gymnastics to get into his fund, may have nothing.

The situation serves as a reminder that investors need: Don’t take on a broker, adviser, money manager or hedge fund without thorough checking.

Read Complete Article

Tags: adviser, banks, bernard madoff, brokerage firms, colleges, elite, financial meltdown, foundations, grand forks herald, gymnastics, money manager, money-managers, reminder, savvy investors, shocks