Tag:
net worth
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Latest Headlines
Hedge funds eye mutual funds and vice versa
Despite a lot of negative publicity, it looks like traditional fund companies are still sold on the marketing benefits of hedge fund-like products. Fidelity just announced its IQ ALPHA Hedge Strategy Fund, as the "first no-load, open-end mutual fund to bring hedge fund-style investing to retai
Should more bank execs buy their own stocks?
We've suggested that executives in TARP banks could build some credibility by investing their own money in their own stock. At Citigroup, four top executives have done just that. Bloomberg reports that these executives last week generated a $2.2 million paper profit within nine days of buying
Joe who? Takes a stake in Bear Stearns
The news that a British billionaire had acquired a 7.0% stake in Bear Stearns had a lot of people asking, who? Few people can afford to plop down $860.4 million to buy 8 million shares. Lewis has a net worth of $2.5 billion according to Forbes and is known as an art collector. He is a resident of
Secret of JPMorgan's hedge fund success: Highbridge
By dint of savvy acquisitions, JPMorgan is now the world's largest hedge fund manager , as we've noted before. It manages some $42 billion, good enough to put Goldman Sachs in second place. According to Financial News Online, it seems that JPMorgan's purchase of Highbridge Capital Manageme
BlackRock acquires fund of funds
Despite the hedge fund woes we're now seeing, it's fair to say that asset managers of all stripes are bent on getting into alternative investments. The conventional wisdom is that that is what
More on Merrill Lynch's deal for GSO
We've seen a lot of the top investment banks take minority stakes in hedge funds. There are a lot of reasons for doing so. High net worth investors may want access. The fund may do more trading
Goldman Sachs closes on a $20 billion fund
Goldman Sachs is without a doubt a powerhouse in the private equity, perhaps to the chagrin of top private equity firms. But it is not going away, and all would be wise to play well with the firm.
Advisors to rely more on alternative investments?
A MarketWatch columnist notes Rydex's new "National Survey of Registered Investment Advisers," has found that 43 percent of advisers have "moderately" boosted their use of alternatives
ALSO NOTED: JPMorgan to buy funds services unit; More on Citigroup's new CFO; and much more...
Company News: > JPMorgan to buy funds services unit. Article > More on TXU deal.
Public criticism of SEC's new hedge fund standards
No doubt the SEC meant well when it raised the net worth requirements for individuals who want
