Tag:
Money Manager
Latest Headlines
Latest Headlines
Money manager charged with threatening to kill 47 regulators
In light of the Rep. Gabrielle Gifford's tragedy, threats against government officials must be taken seriously. This raises the stakes for money manager Vincent McCrudden of Long Island. After he had been charged with running unregistered commodity pools, he allegedly sent out vulgarity-laced emai
Pension outsources for top advisor talent
The San Diego County Employees Retirement Association board wants to attract top talent to become its top investment advisor. But despite three searches and many resumes, it simply wasn't satisfied with the candidates. The board was hampered in part by salary caps imposed by the county. So it deci
Modest proposal? Ban hedge funds
Not too long ago, hedge funds were the public scourge of the financial system, and many believed that heightened regulation was certain. Now that we've had a glimpse at the Obama Administration's regulatory proposals, it's clear that some of that hand-wringing was unnecessary. Hedge funds fare
Madoff trustee seeks unusual powers
The New York Times reports that the trustee charged with making sense of the Bernard Madoff scam has asked a court for unusual subpoena powers. There's a sense of urgency attached to the request; allegedly Madoff was making plans to accept large amounts of money very near the time he was confe
Is Citi too big to fail?
"Clearly the solvency issue is back on the table," said a money manager to Business Week magazine about Citi--even after receiving a $25 billion injection from the TARP. My sense is that Citi's tier one capital ratio is in a decent position, allowing it to weather the big writedowns that seem
Lehman's latest worry: Neuberger Berman execs
Lehman Brothers already has a lot to worry about, so what's one more thing? CNBC reports that Neuberger Berman executives, led by long-money manager Marvin Schwartz, are starting to agitate for a spinoff of the wealth management firm. If Lehman can't sell the unit--and it looks like it can
