The Nobel Foundation, which this year lopped 20 percent off its cash prizes, is planning to invest more money through hedge funds to boost its returns and restore the award to its previous size.
Hedge funds increased bullish bets on commodities by the most since August as evidence that China is accelerating outweighed concerns about the so-called U.S. "fiscal cliff."
The items were part of a cache of pop and movie memorabilia auctioned off by Christie's.
Hedge funds cut bullish commodity bets for a sixth straight week, extending a prolonged slump.
by Michael S. Fischer
Wealthy Americans used to low taxes are facing a sobering reality, according to one analyst.
John McAfee,
founder of the popular anti-virus software maker, is wanted for
questioning in the murder investigation of a U.S. citizen in Belize,
according to the National Security Ministry.
Nordstrom Inc., the Seattle-based retailer whose shares have surged 17 percent since June, has produced a new billionaire.
by
Karen DeMasters
Tiger 21's ultra-high-net worth members increasingly are selecting
public equities as their favorite investment option, according to a new
survey.
U.S. millionaires would rather
match the stock market through an exchange-traded index fund than try to
beat it using higher-fee hedge funds or Warren Buffett's Berkshire Hathaway.
One of the biggest oil deals in history has made Viktor Vekselberg the richest man in Russia.
Billionaire John
Paulson and the Paulson Family Foundation are donating $100 million to
the Central Park Conservancy, the largest parks donation ever.
Thomas Steyer, the founder of $20 billion hedge fund Farallon Capital
Management LLC, will exit the firm after more than a quarter century to
focus on public service.
Albert Ueltschi, a
pilot who founded aviation-training company FlightSafety in 1951,
expanded it into an international powerhouse and sold it to Warren
Buffett for $1.5 billion, has died...
John Mack is going into business
with a 77-year-old tax lawyer who oversees more than $15 billion in
investment assets for clients such as ex-basketball star Magic Johnson.
Single-family offices are shifting from outside funds into direct investments because of declining fund returns and high manager fees.
Hedge funds are
cutting trading costs amid a decline in volumes and muted performance
for the $2.1 trillion industry, a survey found.
John Paulson, the
billionaire hedge-fund manager coming off record losses in 2011,
further pared declines in his Gold and Advantage funds last month,
according to sources.
by
Karen DeMasters
Real estate may be a booming market for ultra-high-net-worth investors in Asia, according to a new study.
Private-equity
firms that are diverse or minority-owned achieved higher gains than the
broader industry, according to a report today by the National
Association of Investment Companies.
Irene Tse, the former Goldman Sachs Group Inc. partner hired by JPMorgan
Chase & Co. to help manage the bank's
balance sheet while it boosted risk, is leaving to start a hedge fund.
