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New York sues UBS over auction rate securities
UBS has once again found it the target of federal charges. This time, New York Attorney General Andrew Cuomo has charged the Swiss bank with illegally promoting auction rate securities as safe Read more...
Dividends, the best source of capital right now?
We've noted that most banks big banks have fewer options when it comes to capital raising. Public offerings are increasingly hard, given concerns about dilution among other things. Outside investors Read more...
Merrill Lynch was serious about BlackRock sale
The Financial Times reports that Merrill Lynch was serious about selling its 49 percent stake in BlackRock back to the asset manager, revealing that Merrill CEO John Thain and BlackRock CEO Larry Read more...
Institutions betting on 'core satellite on steroids'
The notion of core-satellite investing seems to be regaining some of its old popularity, according to Pensions & Investments. More institutions, ever mindful of costs and ever in need of enhanced Read more...
And the biggest investors in hedge funds are...
So here's a question for you. Who provides hedge funds with the most investment money? Most of us would answer in knee-jerk fashion: institutions, of course. We Read more...
Blackstone to make real estate play?
Recall that just before the credit crisis really hit home, the Blackstone Group was raising brows for its aggressive forays into commercial Read more...
Pandit's hedge fund not faring well
The news that Citigroup will essentially wind down Old Lane, the hedge fund firm that Citigroup bought for $800 million, may stand as an omen. The fund--which was Read more...
What's up at CalPERS?
When Fred Buenrostro, CEO of the California Public Employees' Retirement System, said he would step down after more than six years, he joined some other top executives in leaving the giant pension. Read more...
SPOTLIGHT: Private equity and wineries
It sounds like one of those vanity investments. But a private equity firm called Vinum Capital has started a fund that will focus on wineries. A lot of deals are expected in California. Read more...
Will banks unload Asia investments?
Not too long ago, top Western banks were falling all over themselves to invest in big banks in China and elsewhere in Asia. The middle market was one of those "rare opportunities" not to Read more...