Tag Archives: new york times
Bank of America’s $35 Billion Headache
Reuters – Bank of America CEO Kenneth Lewis is facing a $35 billion headache this morning after financial regulators informed the bank that was the figure it need to find now to pass the so-called stress test for viable financial […]
In State Pension Inquiry, a Scandal Snowballs
New York Times Blogs – The inquiry into corruption at the New York State pension fund started simply enough. Alan G. Hevesi, the former comptroller, was accused of using state workers as chauffeurs for his ailing wife. But by the […]
A Fund Manager Wins, and Moves On
New York Times – William A. Ackman makes a lot of noise for someone in the hush-hush business of hedge funds. He harangues executives, goads boards, talks this stock up and that one down — all in search of profit. […]
State of Oregon Sues OppenheimerFunds
New York Times Blogs – Officials in Oregon are seeking $36.2 million in damages from OppenheimerFunds, which managed an account responsible for steep losses in the state’s college savings plan. Officials said in a statement on Monday that risky “hedge-fund […]
UBP Makes Offer to Madoff Victims
New York Times Blogs – Swiss private bank Union Bancaire Privée, one of the largest European hedge-fund investors, offered Thursday to buy back $700 million of its clients’ Bernard L. Madoff-related investments at half what they originally paid. The bank, […]
Icahn Puts Another $250 Million Into His Fund
New York Times – The billionaire financier Carl C. Icahn put another $250 million into his hedge fund at the beginning of the year after suffering further losses in the fourth quarter on investments in Motorola and Yahoo, according to […]
Breakingviews.com Europeans Favor Regulating ‘Shadow Banks’
New York Times – Hedge funds and the rest of the so-called shadow banking system are almost certainly going to face more regulation. But governments should not try to supervise them directly; instead, it would be far more productive for […]
Invest In The New York Times?
Forbes – Billionaire Carlos Slim Helu believes enough in The New York Times that he loaned it $250 million for an eventual 17% stake. The Forbes.com Investor Team says don’t copy him. Last summer in the Turnaround Newsletter, George Putnam […]
Hedge Fund Lets Investors Withdraw What Is Left
New York Times – In a move that could force similar changes at other money-losing hedge funds, the well-known fund manager William A. Ackman is cutting his fees and allowing investors to take what is left of their money from […]
John Paulson Defies Market and Posts Huge Gains
New York Times – While his counterparts at other big hedge funds are trying to figure out whether they can stay in business, the fund manager John Paulson continues to rack up enormous profits. DealBook has obtained Mr. Paulson’s confidential […]
