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February 09, 2012
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Phil Falcone’s hedge fund is paying a 15 percent interest
rate for a $190 million loan, almost triple what the riskiest corporate
borrowers pay, said two people with knowledge of the loan.
February 08, 2012
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Wilmington Trust gave a sobering assessment of the U.S. economy and
in particular investment grade bonds whose stability has been comforting
to investors lately.
February 03, 2012
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Phil Falcone’s Harbinger Capital Partners LLC lost 47 percent for
investors in his main hedge fund last year, according to a
person familiar with the results.
February 03, 2012
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Wegelin & Co., the 270-year-old private bank, became the first Swiss
lender to face criminal charges in a broadening U.S. crackdown on
offshore firms suspected of helping Americans evade taxes.
More PW News
CURRENT ISSUE
| • | | The Wall Street Journal’s Robert Frank says the boom-and-bust nature of modern wealth has turned the rich into the ‘binge drinkers of the economy.’
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| • | | NJ Nets owner Mikhail Prokhorov touts gold, Donald Trump embraces foreclosures.
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| • | | Nicolas Berggruen trots the globe in a Gulfstream jet, looking to change the world with his $2.5 billion fortune.
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| • | | The Heritage Institute teaches families that it is possible to remain wealthy through multiple generations.
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| • | | Family offices have only until March 30 to determine if they qualify for regulatory exemption under new rules created by the Dodd-Frank act.
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