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Failure of a Fail-Safe Strategy Sends Investors Scrambling

Published July 9, 2009, 6:03 pm, WallStreet Journal via Yahoo! Finance

Asset allocation, a bedrock of investing for decades, appeared to fail miserably in 2008, sending many investors back to the drawing board.

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Citadel Group Sues Ex-Executives for Contract Breach (Update4)

Published July 9, 2009, 6:00 pm, Bloomberg

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.

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Hedge funds for Average Joes? Yes, they do exist

Published July 9, 2009, 5:34 pm, USA Today

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:

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Top Scoops

Published July 9, 2009, 5:27 pm, Scoop.co.nz

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

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Cerberus Partners Fund Being Restructured

Published July 9, 2009, 5:25 pm, New York Times

Cerberus Capital Management is restructuring the fund amid a wave of requests from clients who want their money back.

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Fir Tree Gets $400 Million For Mortgage Investment

Published July 9, 2009, 5:22 pm, Nasdaq

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.

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Citadel sues former employees who set up Teza Tech

Published July 9, 2009, 5:22 pm, Boston Globe

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.

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Fewer commodity products as recovery drags

Published July 9, 2009, 5:07 pm, Stuff

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.

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Madoff won't appeal sentence

Published July 9, 2009, 5:05 pm, Marlborough Express

Arch swindler Bernard Madoff will not appeal the 150-year prison sentence he received for masterminding a global multibillion-dollar investment fraud.

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Investment Column: Wait for weakness before buying ABF

Published July 9, 2009, 4:52 pm, Independent

Our view: Hold

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