163 articles found within the last year.
Displaying results 141 - 160
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Swiss bank UBP takes US hedge funds to task
Swiss bank Union Bancaire Privée, which faces hefty ... The effort by Union Bancaire Privée, or UBP, ... The list of managers UBP plans to withdraw ... The Madoff case has rattled many investors, and ... Administrators perform day-to-day duties associated with running a...
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US millionaires nurse wounds as assets slide
Millionaires in the US each lost nearly a ... The value of assets at US households worth ... Almost one fifth of the 750 respondents to ... US stocks plummeted last year and by the ... The study found that 36% of millionaires polled ... Catherine McBreen, a managing director at Spectrem, added:...
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Study uncovers large inconsistencies in Madoff investments
Documents showing details of Bernard Madoff's funds highlighted ... A study of the documents by New York ... The report said the "small steady consistent returns" ... Madoff bought shares in about 50 large US ... Infovest said: "It is implausible that the S&P...
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Pellegrini to leave Paulson & Co to start own fund
The man who helped John Paulson pull off ... Paolo Pellegrini, who played a crucial role in ... While Paulson is the visionary within the firm ... Pellegrini put together data showing that even stabilizing ... Pellegrini, who had a background in derivatives before ... The move paid off when the housing market...
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Donald Trump sues Californian village for $100m
Donald Trump, the US billionaire entrepreneur, is suing ... The property magnate has launched a lawsuit demanding ... The sum of $100m is more than five ... According to local residents and court documents, Trump ... They are now holding up plans for 20 ... Trump told the LA Times the town is...
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Madoff fund outlined extensive potential risks
Documents from a US fund that invested in ... Many investors have blamed US regulators for failing ... However, the offering document for a fund managed ... The Tremont fund's documents cautioned it might also ... Tremont said: "The managers are not likely to ... Tremont added: "underlying funds may not be subject...
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Fairfield extended Madoff's reach
An investment fund with ties to Bernard Madoff ... The Securities and Exchange Commission, as part of ... Since then, Fairfield Greenwich has in marketing documents ... There is no suggestion that Fairfield knew of ... The spotlight on Fairfield comes as prosecutors and ... Fairfield Greenwich -- run by financier Walter Noel...
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A 10-point checklist for avoiding a Ponzi fund
Some of the world's largest and most sophisticated ... (1) Does the fund have an independent agency ... Christopher Miller, chief executive of hedge fund ratings ... "When returns are good there is a tendency ... (2) Are other service providers to the ... John Godden, founder of investment consultant IGS Group,...
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Who has exposure to Madoff?
Some of the world's largest money managers are ... Asset managers and hedge funds ... Man Group - $360m (€266.7m) in two funds ... Pioneer – indirectly exposed via feeder-funds ... Fairfield Greenwich Group - $7.5bn ... Access International Advisers - $1.8bn ... Tremont Capital - reportedly $1bn (Financial Times)...
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US multi-family office eyes European expansion
A US-based multi-family advisory boutique, launched by a ... Shelterwood Financial Services, launched from Huber Corp, a ... At the moment Shelterwood serves five family groups ... Bill Rankin, president and chief executive of the ... He said: "While there will always be role...
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Hedge funds face 'massive' loss as Madoff arrested
Beleaguered investors face a "complete loss" from a ... A number of prominent funds of hedge funds ... US authorities claimed Madoff told employees at Madoff ... Christopher Miller, chief executive of London hedge fund ... "Some investors in Madoff's funds face 100% write-downs...
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Americans call on Wall Street to ditch bonuses
Three-quarters of Americans believe Wall Street firms and ... Top executives at several banks including Merrill Lynch, ... However, a poll of 1,000 Americans jointly conducted ... Seventy-six percent of those polled said banks that ... A majority of respondents also said the US...
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Two third of investors expect to reach private equity allocations
Fears over fundraising and commitment defaults look set ... A survey of 107 investors by secondaries firm ... The study showed 28% of North American investors ... In 2004 Coller conducted the same survey and ... Jeremy Coller, founder of Coller Capital, said private ... In the boom period before last summer's credit...
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Evercore Wealth CEO eyes HNW growth
Jeff Maurer, chief executive of US broker Evercore's ... The head of Evercore Partners’ wealth management arm ... Evercore’s new unit, headed by Jeffrey Maurer, will ... The Evercore unit will have 12 investment professionals ... Maurer likened the transition to a boutique format...
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Row over advisers’ bonuses erupts at Merrill Lynch
Global wealth advisers working for Merrill Lynch are ... Bank of America’s rescue of Merrill Lynch was ... Some of them have been given nothing. Average ... Bank of America appears to have taken the ... Non-US assets of $142m account for 10.7% of ... But headhunters say global advisers feel they have...
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US faces worst quarter for listings in 30 years
The final three months of this year are ... The $145m (€115m) flotation on November 19 by ... That puts it on track to be the ... The Grand Canyon float was the first in ... The picture has been similar in Europe, where ... This is the longest spell without a new ... There have also been no financial sponsor-backed floats...
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Currency hedge funds make large October gains
The average return from hedge funds investing in ... Currency hedge funds made an average 2.5% return ... Parker said in a report quoted by Bloomberg ... This trend benefited many hedge funds. Slightly more ... As an example, Adrian Owens, hedge fund manager ... Owens, who manages one of two FX hedge...
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Emerging markets drive investor optimism
A 46% plunge in the value of world ... Only 22% of the fund managers viewed equities ... He said: "Fund managers remain bearish overall towards ... HSBC's results chimed with other recent indicators that ... Three-quarters predicted corporate earnings will deteriorate next year....
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Goldman faces loss of $2bn for quarter
Goldman Sachs, known for avoiding many of the ... The loss, equal to about $5 a share, ... Though analysts and investors already were bracing for ... On a day when financial stocks fell sharply, ... Beyond the damage caused by day-to-day market turmoil, ... One area that is thought to have given...
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Carlyle portfolio company files for bankruptcy
Hawaiian Telcom Communications filed for bankruptcy protection Monday, ... Carlyle bought Hawaii's largest telephone carrier from Verizon ... But the Washington, D.C.-based private equity firm faced ... In the third quarter, Hawaiian Telcom's revenue declined ... Of the 109 US companies that have filed...
