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Russia
Latest Headlines
Latest Headlines
Some perspective on the Lehman implosion
TheDeal.com offers an interesting take on the Lehman Brothers failure. Lehman's liabilities totaled $613 billion at the time of its bankruptcy filing. Unsecured claims of the top 30 claimants show credit of approximately $150 billion. Here are some benchmarks: WorldCom, the previous corporate
Hedge fund thriller unfolds in Russia
Think Russian-style capitalism has been tamed recently? Think again. Hermitage Capital Management sent a letter, obtained by the New York Post , to clients that details an elaborately brazen attempt to steal the company's assets. The note "describes police raids, fake companies and at least one
Wild tale of hedge fund in Russia
You might have thought the days of the Wild East were over. Apparently not. Business Week Online  offers a rather shocking story of how one hedge fund --the largest Western fund in Russia, no less--was the target of an elaborate ruse that was aided and abetted by government officials. In o
Sovereign wealth funds too big now?
Sovereign wealth funds have stormed into the headlines for obvious reasons as of late. Here's a stunning prediction: A Morgan Stanley economist says that the wealth these funds control just might exceed official country reserves. Clearly, they are a force to be reckoned with in the financial
