by Bruce W. Fraser
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.
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.
Wealthy investors aren't clamoring for a piece of Facebook Inc...
Some of the richest participants in this year's World Economic Forum in Davos, Switzerland, say economic disparity needs to be addressed.
Investors are being invited to join a European-based group that plans to
buy about $80 million worth of art and forecasts annual returns of 12
percent.
Greenlight Capital Inc., bought
shares of Dell Inc. and Xerox Corp. in the fourth quarter as part of a
bet on undervalued U.S. stocks, according to a letter to investors.
Most high-net-worth individuals feel it is important for their advisors
to know all their goals and financial wishes, but only a small
percentage actually provide that information, according to a...
Mortgage securities are drawing buyers after tumbling last year and
handing billionaire hedge fund manager John Paulson his first loss in
the bond market.
John Paulson, the billionaire money manager who's vowed to restore his
hedge fund to profitability after the worst year of his career, may have
to take a cue from rival Ken Griffin.
A New Jersey judge has dismissed a multi-billion-dollar
lawsuit against Daniel Loeb of Third Point LLC and James Chanos of
Kynikos Associates LP that had been filed by a Canadian insurer that...
Wealthy investors plan to increase their allocations to commodities and
private companies while decreasing their cash holdings this year,
according to a new survey.
by Russ Alan Prince
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.'
by Matthew G. Biller and Peter Newcomb
NJ Nets owner Mikhail Prokhorov touts gold, Donald Trump embraces foreclosures.
by Jeremy Kahn
Nicolas Berggruen trots the globe in a Gulfstream jet, looking to change the world with his $2.5 billion fortune.
Huang Nubo, the Chinese billionaire whose proposed $200 million investment in Iceland was
rejected, said he's looking for similar tourism projects in Finland and
Denmark.
The co-founder of a hedge fund that made $2.7 billion in 2007 and 2008 plans
to open his personal farmland portfolio to investors and start a fund
that will trade life-sciences companies.
A penthouse apartment in London's Knightsbridge neighborhood was purchased
for about 100 million pounds ($157 million), a person with knowledge of
the transaction said.
by
Ray Fazzi
John Paulson, the hedge-fund manager enduring the worst year in his
career, may be facing a final blow from this month's selloff in gold.
Gold, in the 11th year of its longest winning streak in at least nine
decades, is poised to enter a bear market, according to Dennis Gartman,
who correctly predicted the slump in commodities in...
by
Karen DeMasters
Advisors are looking to a wide range of providers to satisfy their
clients' growing interest in alternative investments rather than
sticking with big-name firms, according to a recent study.
