Investing

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Goldman Sachs Alum's Hedge Fund Said To Return 8%

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Azentus Capital Management Ltd., led by former Goldman Sachs trader Morgan Sze, returned 8 percent before fees this year through yesterday, according to a person with knowledge of the matter.

Hedge Fund Gold Wagers Defy Worst Slump In 33 Years

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Hedge funds increased bets on gold rallying after prices plunged the most in 33 years, underscoring billionaire John Paulson’s view that bullion will rebound.

Goldman Contrarian Foresaw Gold Collapse Paulson Missed

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Goldman Sachs Group Inc.’s Jeffrey Currie got ahead of gold’s biggest collapse since 1980 last week because he saw two signals most others missed.

A Roosevelt Strikes Oil

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A grandson of FDR may become one of the rich tycoons born of a revitalized U.S. oil-drilling industry.

Tiger 21 Investors High On Private Equity

by PW Staff

Tiger 21's ultra-high-net-worth investors have hti a seven-year high in their private equity allocations.

London Push To Tame Foreign Oligarchs May Trim IPO Appeal

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U.K. financial regulators are trying to reign in the power of foreign resources oligarchs without driving their companies away.

Art Trumps Equities, Index Says

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The co-founder of the Mei Moses Fine Art Index says investors can exceed equity performance with even low-priced artwork.

Angel Investors Sacrifice Ownership Stake For Profits

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Angel and impact investors are increasingly looking for a cut of profits instead of equity shares in return for their direct investments in small and fledgling companies.

Paulson Pitching Fund Designed To Cut Tax Bills

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Billionaire hedge-fund manager John Paulson, who last month considered a move to Puerto Rico to lower his tax bill, is starting a fund to help investors reduce the amount they owe to the U.S...

Obama Leans On High Earners for More Taxes

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President Barack Obama wants to again rely on the top-earning U.S. households for most of the tax increases he’s proposing.

Hedge Funds Wagering On Fannie-Freddie Reincarnation

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Investors including hedge funds are buying the preferred stock of government-controlled mortgage firms Fannie Mae and Freddie Mac in a long-shot bet they will have a future as private companies.

Soros: China Shadow-Banking A Looming Threat

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Billionaire investor George Soros said China has a “couple of years” to control risks from nontraditional financing whose expansion has parallels with the cause of the global financial crisis.

Startup Investing Gets 'Crowded'

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When the SEC implements rules for the Crowdfund Act later this year, the world of startup investing may never be the same, according to experts.

HNW Wealth WIll Rise 25% By 2016, Study Says

by PW Staff

The wealth of U.S. high-net-worth individuals should rise by 25 percent over the next three years, according to a new study.

Billionaire Koch Says Consigner Sold Him Bogus Vintages

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Billionaire wine collector William Koch told jurors in Manhattan federal court that he was promised the “best of the best” of rare French vintages from a 2005 auction and instead wound up with...

Gold ‘Bubble’ Will Become Bear Market, SocGen Says

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Gold is in a “bubble” after the best annual run in at least nine decades and will head into a so-called bear market as a stronger U.S...

Fund Offers Gains By The Bottle

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The Oracle Paradis Wine Fund was launched by the Oracle Capital Group in December, at a time when wine demand is being propped up by burgeoning emerging market wealth.

Hunt Becomes Billionaire On Oil After Silver Bankruptcy

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William Herbert Hunt, who decades ago made and then lost billions in silver investments, is once again a billionaire—this time with oil.

Falkland Oil Claimed by Argentina Sees Islanders Join 1%

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The Falklands’ first commercial oil discovery will make the islands in the South Atlantic rich, bringing the British territory of 2,563 people $10.5 billion in tax revenue over 25 years.

Missing Tycoon Mars Overseas Push of China Private Business

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The disappearance of billionaire Liu Han is a warning of the risks investors take when dealing with opaque private businesses in China, where fortunes depend on political ties and the favors of state...

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