Tag Archives: fortune

Hedge-Fund Harpies Crave Birkins, Steal Husbands; Psycho Critic

Bloomberg – It is a truth universally acknowledged that a hedge-fund wife whose fortune takes a dive will be looking for a wealthier husband. Tatiana Boncompagni, after all, says it’s so in her frothy novel “Hedge Fund Wives.” Her Upper […]

Another Madoff linked hedge fund sued

NineMSN – The trustee overseeing the liquidation of disgraced financier Bernard Madoff’s assets sued another investment fund on Tuesday, claiming it owes Madoff’s victims more than $US1 billion ($A1.32 billion) it withdrew from his firm. The complaint in Manhattan bankruptcy […]

Guinness family firm takes stake in hedge fund group

Forbes – The investment office of the Guinness family, which made its fortune in brewing, has taken a stake in 47 Degrees North and will back future fund launches, the fund of hedge funds firm said on Monday. Under the […]

Hedge Fund, Private Equity Titans Crowd Billionaire List

FINalternatives – The richest hedge fund manager in the world, clocking in as the 29th richest person in the world, is George Soros, whose $11 billion fortune actually increased during the difficult 2008. Joining him among the top 100 are […]

Atlantis Seeks Vote to Shut China Fund, Open New One

Bloomberg – Atlantis Investment Management Ltd., a London-based firm that oversees $1.8 billion, is seeking unitholders’ approval to liquidate the China Fortune Fund from which redemptions have been frozen since October. China Fortune Fund unitholders may choose to exchange their […]

U.K.’s Prince Charles Targeted by Madoff Marketer, Witness Says

Bloomberg – Britain’s Prince Charles, among other royalty and wealthy Europeans, were targeted through Bernard Madoff’s use of high-profile recruiters, said whistleblower Harry Markopolos in documents given U.S. lawmakers. Prince Michael of Yugoslavia was an executive of a so- called […]

Hedge fund made millions short-selling on Barclays as its share price plummeted

Daily Mail – One of Britain’s most successful hedge funds made a fortune betting on a plunge in Barclays shares on the day the short-selling ban was lifted, it has emerged. Lansdowne Partners sold shares in the high street banking […]

Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff

New York Daily News – Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies. Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a […]

Waxman backs more regulation of hedge funds, rating companies

Tehran Times – "We do have to have much more government oversight and involvement than we’ve seen in the last decade or so,” said Waxman, a California Democrat. “A lot of people didn’t either know what they were getting into […]

Delphi judge moves ahead in Appaloosa fraud case

Vindicator – A bankruptcy judge said Wednesday he may let Delphi pursue wider fraud claims against the Appaloosa Management hedge fund, which backed out of a deal to invest $2.55 billion in the auto supplier. Appaloosa had led a group […]