Newsmeme!
Discover News you didn't know existed
Asset allocation, a bedrock of investing for decades, appeared to fail miserably in 2008, sending many investors back to the drawing board.
July 9 (Bloomberg) -- Citadel Investment Group LLC, the $12 billion hedge fund firm founded by Ken Griffin , sued three former executives and the firm they started, Teza Technologies LLC, over claims they violated non-competition agreements.
Irish-American author J.P. Donleavy, in his wonderful book The Unexpurgated Code, details the difficulties of social climbing in England if you are not to the manor born. People who try to invest in hedge funds will find themselves having conversations similar to those in the book:
Liberty is to the collective body, what health is to every individual body. Without health no pleasure can be tasted by man; without liberty, no happiness can be enjoyed by society. - Thomas Jefferson
Cerberus Capital Management is restructuring the fund amid a wave of requests from clients who want their money back.
Fir Tree, a $4 billion firm founded by Jeffrey Tannenbaum, said Thursday that it has received roughly $400 million in capital and commitments for a fund focused on the bombed-out mortgage market.
Citadel Investment Group, one of the world's most successful hedge fund firms, sued a former top executive in its highly successful quantitative trading unit and two others for setting up their own firm.
The commodities marketplace, one of Wall Street's favorite playgrounds for testing new investment ideas, is hardly seeing any product rollouts now as the slow economy delays the pace of innovation.
Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud.
Our view: Hold
Related News Resources:
> HGH News
|
Breaking News
and Top Stories |
Business
Earnings, Economy, Personal Finance, and Stock Markets |
Entertainment
Books, Celebrity, Fashion, Movies, Music, Television, and Theatre |
Health
Aging, Diseases, Medical Conditions, Medications, Sexual Health, and Weight Loss |
Politics
Congress, Supreme Court, and White House |
|
Science
Animals, Astronomy, Biotechnology, Space, and Weather |
Sports
Baseball, Basketball, Boxing, Football, Golf, Hockey, Motor Sports, Soccer, and Tennis |
Technology
Communications, Hardware, Internet, Personal Technology, and Software |
United States
and Crimes and Trials |
World
Africa, Antartica, Asia, Australia, Canada, Europe, Latin America, and Middle East |