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.
Regis Metro Associates Inc. has launched a fund for high-net-worth investors that provides
access to customized portfolios of direct real estate investments.
Donald Yacktman, whose Yacktman Focused Fund has won $1.5 billion in net
deposits this year, is doing something rivals Bruce Berkowitz and Bill
Miller aren't: making money for his clients.
Raj Rajaratnam, the Galleon Group LLC co-founder whom prosecutors called
"the modern face of illegal insider trading," was sentenced to 11 years
in prison, one of the longest terms ever for insider...
Partners David Alexander and Tony Peyser were early adopters of funds of hedge funds, first using the strategy for their multifamily office clients 20 years ago.
