More info…Two traders who recently left Ross Perot’s troubled investment firm Parkcentral Capital Management are seeking money to start their own hedge fund. The two money managers, Michael Presley and John Sawyer, left Parkcentral in January, a few…
Daiwa SMBC May Acquire Close Brothers Investment Banking Unit (Bloomberg)May 18 (Bloomberg) — Daiwa Securities SMBC Co., a [...]
Monthly Archives: May 2009
TWO PEROT FUND ALUMS START INVESTMENT FIRM (New York Post)
May 18, 2009 – 6:17 pm
Scrutiny of managed investment schemes urged (ABC) (Yahoo!7 Australian News)
May 18, 2009 – 6:17 pm
More info…The Independent Senator Nick Xenophon is calling for the abolition of tax concessions for farm-based managed investment schemes.
Shut down managed investment schemes, expert says (ABC via Yahoo!7 News)The Federal Government is being urged to scrap managed investment schemes in the agricultural sector.
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Time Warner investment in CME closes (AP via Yahoo! Finance)
May 18, 2009 – 6:17 pm
More info…Time Warner Inc. on Monday announced the closure of its $241.5 million investment in Central European Media Enterprises Ltd., the Bermuda-based broadcast company founded by cosmetics billionaire Ronald Lauder.
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Shut down managed investment schemes, expert says (ABC via Yahoo!7 News)The Federal Government is being urged to scrap managed investment schemes in the agricultural sector.
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Investment Officer at Stanford Group Is Indicted (New York Times)
May 13, 2009 – 8:06 am
More info…The investment officer, Laura Pendergest-Holt, was indicted for conspiring to obstruct a federal investigation.
Madoff trustee sues another investment fund (Miami Herald)The trustee overseeing the liquidation of disgraced financier Bernard Madoff’s assets sued another investment fund on Tuesday, claiming it owes Madoff’s victims more than $1 billion it withdrew from his firm.
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Regulator issues warning [...]
Dexia Profit Declines 13% on Investment Losses (Update1) (Bloomberg)
May 13, 2009 – 8:06 am
More info…May 13 (Bloomberg) — Dexia SA , the worlds largest lender to local governments, said first-quarter profit fell 13 percent, a smaller decline than analysts estimated, hurt by investment losses and markdowns.
Madoff trustee sues another investment fund (Miami Herald)The trustee overseeing the liquidation of disgraced financier Bernard Madoff’s assets sued another investment fund on [...]
Wall Street puts retail activity front and center - Los Angeles Times
May 11, 2009 – 11:50 pm
More info…After a week when investors were reassured by the governments assessment of the banking industry and its latest reading on the job market, Wall Streets focus turns to the consumer. The coming week features first-quarter earnings reports from Wal …
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UK bank deposits brighten economic outlook - Financial TimesThe amount of cash UK households [...]