37 articles found within the last year.
Displaying results 21 - 37
-
Charities fear their funding crisis can only get worse
The three virtues – faith, hope and charity ... If past recessions are anything to go by, ... Renu Mehta, founder of Fortune Forum, a charity ... Nearly a thousand charities in the UK shut ... Sixty one per cent said they were concerned ... A spokeswoman from Oxfam said: “Each pound that...
-
Goldman loses key hedge fund managers
Mark Carhart and Raymond Iwanowski, who ran what ... The two executives, both in their early 40s, ... Although the exits were planned separately, Messrs. Carhart ... The moves, announced in an internal memo Tuesday, ... A Goldman spokeswoman confirmed the departures but declined...
-
Fitch cuts Berkshire Hathaway credit rating
Fitch Ratings cut its credit ratings on Berkshire ... The rating agency has been reviewing ratings of ... Fitch said Berkshire's potential earnings and capital volatility ... Shares of Berkshire, owned by billionaire investor Warren ... The firm does consider the diversity of Berkshire's...
-
Trillions wiped off billionaires' wealth
The combined wealth of the world's super rich ... The total wealth of the world's billionaires now ... Microsoft founder Bill Gates reclaimed the title as ... Michael Bloomberg, Mayor of New York City, was ... Russia, hit heavily by the market volatility of ... For the full list, see below....
-
Boutique founder calls for re-entry into global equities
The founder of boutique Edinburgh Partners, Sandy Nairn, ... Nairn, whose boutique now manages £4bn (€4.3bn) of ... He said: "I have never caught a bus ... He declined to call a bottom for the ... Nairn's stance is a dramatic turnaround from his ... In his latest newsletter to investors, he said:...
-
Comment: Could Rupert's action suggest financial renaissance is on the way?
If we are ever going to get out ... Confirmation has emerged that the managers of Lehman ... Rupert is a South African billionaire, and former ... Rupert has agreed to take Lehman off the ... Rupert told the Financial Times yesterday: "They are ... It goes without saying that Rupert is not...
-
Secrets of Succession
There are some simple steps parents can take ... When Warren Buffett said he didn’t believe in ... Should they start passing on their wealth before ... Getting the answers wrong can lead to disturbing ... Juliette Johnson, senior family business adviser at Coutts, ... “The worst thing to do is to tell...
-
Buffett says states face staggering pension liabilities
Warren Buffett, the chief executive of Berkshire Hathaway, ... Average funding ratios for public plans with more ... States faced with spending constraints due to budget ... In New York, Thomas DiNapoli, the state's comptroller, ... One official with a state pension fund expected...
-
Buffett slams derivatives and talks of government bond bubble
Warren Buffett has attacked derivatives, calling them dangerous, ... His concerns were vented in the annual letter ... The world’s most iconic investor believes derivates dramatically ... Buffett said in the letter: “They (derivatives) have ... He added: “Indeed, recent events demonstrate that certain...
-
Comment: CDS market draws unjust fire
Warren Buffett called derivatives weapons of mass destruction, ... A barely regulated market that swelled to notional ... To be sure, some fine-tuning is necessary. Limits ... But the CDS mayhem predicted after the collapse ... The signs are not encouraging. Draft US legislation...
-
T-Bone with T. Boone whets the appetite
A charity auction for a steakhouse lunch with ... The auction ran for 10 days until 23:00 ... The winning bid of $125,000 was placed 25 ... Charlies Pierson, chief executive of Big Brothers Big ... Only one bid had been placed until the ... Pickens founded oil firm Mesa Petroleum in 1956,...
-
Buffett retains richest chief executive ranking
Warren Buffett has topped Forbes magazine’s annual list ... The Oracle of Omaha overwhelmed the competition, with...
-
Slim Pickens for T. Boone power lunch
An online auction for lunch in a Dallas ... The auction, which will run to Thursday February ... Pickens founded oil firm Mesa Petroleum in 1956, ... The lunch will be for the winning bidder ... Main courses on the menu include a 26 ... One restaurant critic from local newspaper Dallas Observer...
-
US wealthy lose $20 trillion, says strategist
Renowned strategist Jeremy Grantham, founder of US asset ... This illusion was worth $50 trillion at the ... He says the situation has led to a ... Grantham points out that personal wealth following write ... Credit standards have tightened up but more illusory ... He says: "We will certainly take some painful...
-
Buffett gains $224m from Florida weather bet
Warren Buffett's Berkshire Hathaway fund earned $224m (€159m) ... The amount represented an upfront payment the state...
-
Highlights of '08: The changing of the Praetorian Guard at Goldman Sachs
The elevation of 100 or so mere mortals ... The details of this year’s partners, the equivalent ... The changing of the guard at Goldman Sachs ... This year, only 94 have been elected to ... Second, the new guard highlight how the structure ... This in turn raises the question of the...
-
Buffett to disclose pricing details on derivative bets
Warren Buffett, acknowledging investor worries, has agreed to ... The report will reveal "all aspects of valuation"...
12
