Tag Archives: warren-buffett


Salida ‘back from the abyss’

Globe and Mail – When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back. Salida, the once […]

CIT may sell aviation-finance, rail-finance ops: report

Reuters – CIT Group Inc (CIT.N), which is looking at selling off some assets, is most likely to sell its aviation-finance and rail-finance operations, the Wall Street Journal said, citing sources familiar with the matter. The people, who said evaluations […]

Chinese hedge fund manager eats up Warren Buffett

Daily News – Lunch with Warren Buffett? $2.11 million. Firsthand insight from the world’s second-richest man? Priceless. A Chinese hedge fund manager who won a high-priced charity auction for the right to break bread with Buffett on Wednesday said he […]

Billionaire Buffett auctions off another lunch

Sioux City Journal – Last year’s winning bid for lunch with legendary investor Warren Buffett topped $2.1 million, but given the economic turmoil, who knows if this year’s bidding will approach that level. Yet Buffett has built a devoted following […]

Hedge fund Yorkville spies gap in loans market

Reuters – Yorkville Advisors, a $1 billion hedge fund, said it is stepping into the lending vacuum left by banks as it provides struggling firms with loans for up to two years, typically in the $5 million to $40 million […]

Goldman’s Hedge Funds Business A Bright Spot In Down Year

CNN Money – Hedge funds may be struggling and closing up shop in the current market environment, but Goldman Sachs Group Inc. (GS) was able to make more money tending to the funds’ needs this year than last. The company, […]

Hedge Fund Dalton to Start $550 Million Distressed Asset Fund

Bloomberg – Dalton Investments LLC, the Los Angeles-based hedge fund with 70 percent of its assets in Japan, is starting a 50 billion yen ($550 million) fund that will invest in U.S. distressed assets, taking advantage of low prices. The […]

Hedge Fund Adviser Tozai to Close After Redemptions

Bloomberg – Tozai Investment Advisory Ltd., a Tokyo-based hedge fund adviser, is closing its business after market losses and investor redemptions cut its funds’ assets to zero from a peak of $70 million, a senior partner said. The Cayman Island-based […]

Satellite Halts Hedge Fund Withdrawals, Fires 30 After Losses

Bloomberg – Satellite Asset Management LP, founded by former employees of billionaire George Soros, stopped client withdrawals from its three largest hedge funds and eliminated more than 30 jobs after losses reduced the firm’s assets to about $4 billion this […]

Hedge Funds Have Another $200 Billion to go to Complete Their ‘De-leveraging’

Money Morning – Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion in assets to reach their objectives, a new study found, though a Money Morning expert believes the exit door could […]

Hedge Funds May Fall to $1 Trillion by Mid-2009, Citigroup Says

Bloomberg – Hedge-fund assets may fall to about $1 trillion by the middle of next year, a decline of almost 50 percent from their peak in June, because of market losses and client withdrawals, Citigroup Inc. said in a report. […]

Soros, Falcone Defend Hedge Funds at House Hearing

Bloomberg – Hedge-fund managers including George Soros and Philip Falcone, in an unprecedented appearance before Congress, defended their practices and profits while splitting over whether the U.S. should impose stricter regulations. "This is not a case where management takes huge […]

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