Galleon winding down hedge funds

Galleon Group, whose founder has been charged with masterminding the biggest-ever insider-trading scheme involving hedge funds, is shutting down. Less than a week after being arrested at his New York home, Raj Rajaratnam told investors and employee ... [more...]

Date: 2009-10-21 18:53:41

Blog posts (691) | Videos (454)
 

First Up for Google Ventures: Silver Spring’s Smart Grid

The news is out this morning that Google has officially announced its new venture capital arm ( the venture fund has been reported over the last few months ). Which sector is already hot ... response services to energy users. The company is a safe bet for Google, and it is already well funded [more...]

Date: 2009-03-31 14:53:10

UK is urged to print money

The government will have to print money to finance public spending, moving quantitative easing to a new level, the manager of one of London’s biggest hedge funds told the FT. Mike Platt, co-founder and chief executive of BlueCrest, Europe’s fifth-largest hedge fund, had been predicting quantitative easing [more...]

Date: 2009-04-06 04:09:42

Ashesi gets $2.5 million IFC funding

Ashesi University's campus construction project received a big boost today from the International Finance Corp. IFC is providing $2.5 million in financing for the construction project, scheduled to begin later this year. Ashesi is the college started in Ghana by former Microsoft engineer Patrick Awuah and largely funded [more...]

Date: 2009-04-06 22:05:53

Palin pushes for missile defense funds

Palin has requested stimulus funds for an Alaskan launch facility.(CNN) – Alaska Gov ... in the Pacific Theater.”The statement also stressed Palin’s request for stimulus funds for a commercial [more...]

Date: 2009-04-06 23:30:03

Doug Kass’ Possible Improbables

Every year, Doug Kass creates a list of forecasts. But these are not straight predictions; ... of funds industries do not recover in 2009. 10. Mutual fund redemptions from 2008 reverse ... . Large merger of equals deals multiply. 15. Focus shifts for several media darlings. 16 [more...]

Date: 2009-01-04 11:30:59

Murthy sells Infosys shares to fund young entrepreneurs

BANGALORE - Infosys Technologies chief mentor and chairman N.R. Narayana Murthy has sold 800,000 shares, valued at Rs.177 crore (Rs.1.77 billion/$37.9 million), from his holding in the company to fund young entrepreneurs with brilliant ideas. Murthy intimated to the company that the proceeds of the sale will be used as seed capital for the proposed venture [more...]

Date: 2009-10-22 14:49:56

5 April SWJ Roundup

Although the additional resources will be applied in different ways on either side of their mutual border ... has been set aside in a fund to build up and sustain the Afghan army. And, there is an emphasis on funding [more...]

Date: 2009-04-05 12:28:07

Steve Case's PayPal Rival Gets Big Funding

Revolution Money is an online payment company owned by AOL co-founder Steve Case ... , Deutsche Bank, and others (Case is the largest shareholder according to WSJ ). Now the company ... who have previously invested. "In one of the toughest funding environments in history, this investment is a big [more...]

Date: 2009-04-06 15:37:27

ECB warns Brussels on hedge fund rules

Europe's controversial plans to regulate hedge and private equity funds were dealt a fresh blow on Thursday when the European Central Bank warned the proposals would put the industry at a significant competitive disadvantage.The opposition voiced by ... [more...]

Date: 2009-10-22 15:37:53

How'd you like to have this on your resumé?

Fairfield Greenwich Group was the largest "feeder fund" for disgraced financier Bernie Madoff. Its Sentry family of funds is said to have lost around $7 billion to Madoff's alleged Ponzi scheme.And how did Madoff get away with it when probed by Fairfield's officials? He simply "refused to answer or he lied [more...]

Date: 2009-04-06 21:16:00

Summers Got $8M From Hedge Fund, Banks

From the Wall Street Journal: Hedge Fund Paid Summers $5.2 Million in Past YearBy JOHN D. MCKINNON and T.W. FARNAM APRIL 4, 2009WASHINGTON — Top White House economic adviser Lawrence Summers received ... hundreds of thousands of dollars in speaking fees from major financial institutions. A financial [more...]

Date: 2009-04-04 10:01:04

Charles River Ventures Raises $320 Million For Its Fourteenth Fund

At a time when limited partners are being stingy with their venture dollars, ... , the firm now manages $2.1 billion. Raising any capital in this environment is an achievement ... Capital was also able to raise a new fund . Keep an eye on the VCs who are able to raise money post [more...]

Date: 2009-03-30 13:03:48

Entre lo público y lo privado

salió en yahoo: http://news.yahoo.com/s/nm/20090404/pl_nm/us_summers_hedgefund Obama adviser Summers earned millions from hedge fund By ... Lawrence Summers , a top economic adviser to U.S. President Barack Obama , was paid about $5.2 million by hedge fund D.E. Shaw in the past year, financial disclosure forms released by the White [more...]

Date: 2009-04-06 22:55:05

Index Gathers Another €350 Million For Tech Startups, Eyes Social Sites

Big-Five tech VC house Index Ventures , which has backed Last.fm, Skype and Joost amongst others , has raised a €350 million (£314 million) ... - it's a great business model if you can get it working."  In the last year, Index has funded companies ... new venture fund, designed to invest in web and life sciences startups for the next decade [more...]

Date: 2009-03-03 23:13:05

Contrarian

Some misguided people think I’m a gloomy guy. They accuse this blog of being nihilistic. They probably don’t believe I wear boxers with little hearts on them. Ha. Fools. So I’d like to make it clear what this site (and me) are all about. I have nothing to sell but the occasional book. There are no ads here. No pop-ups to knock down. No aggregation or sale of email addys. No offers for insider investment newsletters, fabulous pre-construction condos or no-lose mutual funds. The blog’s free. [more...]

Date: 2009-10-21 01:26:49

HHS A Taxpayer Funded Propaganda Arm Of Obama White House

(Sebelius had a basal cell carcinoma removed from her forehead on Tuesday during a successful standard outpatient procedure, according to HHS spokeswoman Jenny Backus .) HHS : State Your Support Dear Mr. President, We strongly support your commitment to comprehensive health reform. This is not a luxury. The continuing, sharp escalation of health care costs for families, businesses, and government is unsustainable. Reform is imperative. We believe that health reform must be enacted this year. [more...]

Date: 2009-10-21 18:43:50

Brazil Wants ‘Real’ity Check

Brazil is increasingly concerned by the flow of capital pouring into its economy. Why? Isn’t that a good thing? Well, when the money is ‘fast money’ (meaning largely speculative) and it drives a nation’s currency dramatically higher, it can have an extremely negative and potentially destabilizing impact on a nation’s trade flows, primarily its exports. Let’s navigate. There is no doubt the global markets are being driven largely by the cheap funding that is emanating from the United States. [more...]

Date: 2009-10-21 13:04:44

SEC charges “Chinese Warren Buffett” of Ponzi scheme (Reuters)

April 6th, 2009 22:10 Reuters - U.S. securities regulators charged a Toronto-based fund manager, who describes himself as the "Chinese Warren Buffett" and his hedge fund with operating a multimillion dollar investment fraud, the Securities and Exchange Commission said on Monday. Market News [more...]

Date: 2009-04-06 22:10:29

SEC charges “Chinese Warren Buffett” of Ponzi scheme (Reuters)

Reuters - U.S. securities regulators charged a Toronto-based fund manager, who describes himself as the "Chinese Warren Buffett" and his hedge fund with operating a multimillion dollar investment fraud, the Securities and Exchange Commission said on Monday. Read full story [more...]

Date: 2009-04-06 22:10:29

SEC charges "Chinese Warren Buffett" of Ponzi scheme (Reuters)

Apr.07, 2009 in NewsReuters - U.S. securities regulators charged a Toronto-based fund manager, who describes himself as the “Chinese Warren Buffett” and his hedge fund with operating a multimillion dollar investment fraud, the Securities and Exchange Commission said on Monday. [more...]

Date: 2009-04-06 23:49:47

SEC charges "Chinese Warren Buffett" of Ponzi scheme

WASHINGTON (Reuters) - U.S. securities regulators charged a Toronto-based fund manager, who describes himself as the "Chinese Warren Buffett" and his hedge fund with operating a multimillion dollar investment fraud, the Securities and Exchange Commission said on Monday. [more...]

Date: 2009-04-06 22:28:37

No Money? Let’s Tax Per Mile!

‘idiot’ courtesy of ‘Kasabian/’ I hate waking up to stupid moronic ideas. This morning, WUSA reports on a brilliant idea by Washington’s Council of Governments to fund a study of what kind of pay-per-mile plan would be accepted in the area. The reasoning by these smart people is that with gas taxes remaining static and “the transportation system collapsing all around us” they want to find new sources of revenue to pay for roadwork and mass transit. [more...]

Date: 2009-10-22 12:35:41

ScamBuster 234

INVESTMENT ASSISTANCE Greetings, My name is Captain Scott J Wright, I am an American soldier in peace keeping force in Iraq, I am serving in the military of the 1st Armored Division in Iraq,as you know insurgents everyday and car bombs are attacking us. We managed to move funds belonging to Saddam Hussein’s family. The Total amount is US$7.3Million dollars in cash. We want to move this money to you, so that you may keep our share for us till when we will come over to meet you in your country. [more...]

Date: 2009-07-26 07:43:16

Pay Off Your Credit Card Debt? Or Stockpile Cash? [New Rules]

Personal finance guru Suze Orman is changing her tune about credit card debt ... their credit card debt before starting an emergency fund . Now it seems that the advice has changed ... balance, and instead, make it your top priority to build as much of an emergency cash fund [more...]

Date: 2009-04-06 17:58:43

ScamBuster 284

Hello friend, My name is Scott Whittington, I am an American soldier, I am serving in the military with the 1st Armored Division in Iraq , as you know we are being attacked by insurgents everyday and car bombs.We managed to move part of funds belonging to Saddam Hussein’s family in 2003. The total amount is US$12 Million dollars in cash, mostly 100 dollar bills,this money has been kept somewhere outside Baghdad for some time but with the proposed troop in increase by president Barrack Obama, [more...]

Date: 2009-09-27 07:53:34

Angel Fund Looks to Seed Clean Energy Start-Ups

Finding the capital necessary to take what looks like a great product from the 'garage' or university lab to the marketplace is difficult during the ... and providing more substantial amounts of capital," Susan Preston, the angel fund investing 'guru [more...]

Date: 2009-03-03 15:33:20

Is saving really for suckers?

It's hard to disagree with the basic premise of Jon Markman's commentary today over at MSN Money, one that casts a rather dim view on those who are content to settle for paltry returns on their savings accounts while enriching the banking sector in the process. Your bank, with help from Uncle Sam, is making obscene profits at your expense. Instead of funding the fat cats, here's how to join them in the economic recovery. If there's one thing that seems like it has to be a good idea, it is saving money. [more...]

Date: 2009-10-19 18:39:00

China sovereign wealth fund diversifies into a massive loss

5 and yarpp.reference_ID = 7154 AND wp_posts.post_type = 'post'-- We have seen absoultely catastrophic losses at the world’s Sovereign Wealth funds ... markets collapsed last year. The State Administration of Foreign Exchange, the opaque manager of nearly [more...]

Date: 2009-03-17 16:55:46

Asset Allocation Project Basics

OK … I started to go down a path and I did not really stop to explain much about it. I am putting together a model portfolios and am going to study how they would have performed over time. I basically am doing a little Asset Allocation experiment. I’m a dork, I know this. I stated that I was going to look into what sort of percentages of yours and my portfolio ought to be placed into what mutual funds – or asset classes if you prefer. I did not give you much more information than that. [more...]

Date: 2009-10-09 20:01:44

Puh-lease, No Bailout for the VC Industry

No bailout for venture capitalists Two weeks ago, ... and economic engine of America are not the companies that are funded by the top 20 venture funds ... while talking with a friend who has a venture-backed business that is having trouble getting [more...]

Date: 2009-02-23 15:00:12

How to Choose A Business Opportunity from Home - Be Strategic

Our global economy is failing due to companies, both large and small shutting down due to lack of funds. Some have slashed workers salaries, fired employees and reduced benefits, all in hopes of surviving the chaos. President Obama and his social security plan does not seem to be working for the average American as evidenced through the social media channels online. Common people are feeling left out of the mix and that they have nothing to look forward to after retirement. [more...]

Date: 2009-10-18 07:54:50

U.S. unemployment claims spike

Flashback: The Economy is a Lie, too | Unemployed to reach postwar high: OECD | US credit shrinks at Great Depression rate prompting fears of double-dip recession | Nassim Taleb on the economy: ‘We still have the same disease’ | Flaherty sees deficit, debt, and timetable to return to surplus all expanding | Investors dump money market funds | Scotiabank: Global economy set to recover, China and developing nations to lead | More US Bank Failures and The Coming Deposit Insurance [more...]

Date: 2009-10-01 17:20:26

Environmental Alpha

Oct 14th, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post Like Bo Jackson and others, Angelo Calvello is a “multi-sport athlete”.  The early and outspoken advocate of portable alpha and originator of the term “alpha-centric” has now established his thought leadership credentials in the emerging field of green investing.  He is the author of the forthcoming book “Environmental Alpha” (Wiley: 2009).Calvello was one of several speakers addressing a standing room only crowd of [more...]

Date: 2009-10-15 00:50:55

Angelsoft Lets Startups Find Funding Through New Investor Filtering Tool

Angel and VC funding platform Angelsoft has launched an investor filtering tool , allowing entrepreneurs the ability to access detailed profiles on over 1,000 venture capital firms ... profiles of investors. For the 450 investment groups that use Angelsoft’s VC and Angel dealflow management [more...]

Date: 2009-03-08 20:03:55

Tax Competitiveness 2009: Flogging a Dead Horse

Should we care that the marginal effective tax rate on capital is higher in Prince Edward Island than in Serbia? Of course, this question is a joke. But the C. D. Howe Institute actually did put out a press release ( PDF ) last week singling out PEI for its allegedly high business taxes compared to an average of 80 countries, among which Serbia is the star. This Institute, which is governed and funded by corporate Canada, has been extremely influential in shaping Canadian tax policy. [more...]

Date: 2009-09-10 21:25:49

Where’s My Economic Recovery?

By Karl Denninger, The Market Ticker We were promised one, you know. Dennis Kneale, Larry Kudlow, hell, name a “mouthpiece” on ToutTV or in the sell-side of Fraud Street and you’ll find someone claiming that “the recession is over.” But if it is, how can this be true? Lockyer’s spoke before Controller John Chiang said state general fund revenue fell $1.1 billion below estimates during the first three months of the fiscal year that began July 1. [more...]

Date: 2009-10-11 21:05:08

Galleon case a warning to corp dev leaders

You could go to a lot of conferences on best practices in corporate development in recent years without hearing much about how to stay out of trouble with the Securities and Exchange Commission. That may change given that a couple of corporate executives involved in deals were among those charged by the SEC on Friday in connection with a major insider-trading case. At the center of the case is Raj Rajaratnam, co-founder of the tech-focused hedge fund Galleon Group. [more...]

Date: 2009-10-19 15:54:19

Reaction to the Geithner Plan: Celebrate the Bullet

• Obama meets with Vikram Pandit of Citigroup, Jamie Dimon of JP Morgan, Lloyd Blankfein of Goldman Sachs, ... to leverage). • Lelo Kolivakis : "Pension funds for companies in Standard & Poor's 1500 Index met 74 ... to TARP watchdogs: "Using bailout funds, AIG in turn paid various debts to the counterparties [more...]

Date: 2009-03-27 16:30:16

Abu Dhabi calling

Oct 5th, 2009 | print |  email  | Post a comment  |  Listen to the Article - Aarti NagrajLast week, the International Monetary Fund (IMF) said that the global economy seems to be recovering faster than expected from the financial crisis, and that it may prove less devastating than predicted.“The recovery has started, financial markets are healing and in most countries growth will be positive for the rest of the year as well as in 2010,” Olivier [more...]

Date: 2009-10-05 11:07:03

CA Jobs Mumbai | Credence Logistics requires Chartered Accountant in Mumbai

About Credence Logistics :An ISO certified Total Supply Chain Solution provider having pan India presence and expertise in multi mode operations offers encouraging work environment and scope for career growth under professional & dynamic management.Job Description of the Credence Logistics Job Candidate would be responsible to prepare Budget, Forecasting, Allocation of Funds, Projection, P&L Analysis, Liaise with Banks, Monthly & Annual Reports, MIS, Data Analysis etc and Development of Systems [more...]

Date: 2009-10-06 14:31:35

Pace of Reserve Shift Quickening

According to the International Monetary Fund, the U.S. dollar's share of global foreign exchange reserves fell by nearly 10 percentage points from its 2001 peak through the second quarter of this year.While some of the decline no doubt reflects the fact that a steadily weakening dollar has boosted the relative value of euro, pound, and yen holdings, the downtrend is consistent with reports indicating that countries around the world have been diversifying away from the U.S. [more...]

Date: 2009-10-12 20:53:00

Kaptur & Johnson on Bill Moyers

Just over a year after economic calamity brought promises of reform from Washington, has Wall Street really changed? Former International Monetary Fund chief economist Simon Johnson and US Rep. Marcy Kaptur (D-OH) report on the state of the economy. > click for video In Michael Moore’s new film Capitalism: A Love Story, Congresswoman Kaptur says there has been a financial coup d’etat, and that Wall Street – rather than Congress – is in charge. [more...]

Date: 2009-10-11 12:57:24

Liveblogging OnDC ‘09: Mergers and Acquisitions Panel

Moderator: Bob Kipps, Managing Director Kipps DeSanto & Co. Panelists: Chris Hagan, Goodwin Procter; Frank Finelli, The Carlyle Group; Wes Husted, CFO Abraxas Corporation Wes. About two years ago there was a steady flow of acquisition candidates, then it shut down completely. It has started up again in the last few months. Bob. There is potential regulation of private equity, as well as funding challenges. How will that affect small and medium sized technology companies? Chris. [more...]

Date: 2009-10-21 18:48:07

ECB says EU hedge fund plans could spark exodus

The European Central Bank has warned that EU plans to tighten regulation of hedge funds and other alternative investors risk creating a two-tier playing field that could drive the industry out of Europe. European governments and the European Parliam ... [more...]

Date: 2009-10-22 11:45:54

The Rich Have Stolen the Economy

Paul Craig Roberts Infowars October 19, 2009 Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers. [more...]

Date: 2009-10-19 16:50:26

Business Opportunity from Home- Strategic like any other Business

The world economy has failed miserably; companies have shut down due to lack of funds. There are several others who have learnt to make some profits by cutting down salaries, releasing people from their jobs and reducing other fringe benefits. Along with this the rise in prices for basic food grains and necessities is not helping.President Obama and his social security plan does not seem to be working for the average American as evidenced through the social media channels online. [more...]

Date: 2009-10-21 14:52:02

So Who Sold Jefferson County This Bill of Goods?

One of the horrorshows that has been moving along in the background is the disaster of the funding of a sewer project in Birmingham, Alabama, which looks pretty likely to produce the biggest municipal bankruptcy since Orange County back in the mid 1990s. Orange County did have one Robert Citron to blame for its woes. By all accounts (Frank Partnoy in Infectious Greed is particularly good here) Citron was WAAAY over his head, and not the brightest bulb to begin with. [more...]

Date: 2009-10-20 04:36:11

Citibank (NYSE: C) Brokerage to Move to Fee-Only Business Model

Citibank (NYSE: C) has sold a significant portion of its brokerage businesses across the world and now plans on reforming what’s left of its North American brokerage business. Citibank’s reform will involve making it so that financial advisers will charge service-fees for advice rather than earning commissions from sales on stocks, bonds, mutual funds and other investments. In a recent statement, Citibank said that their goal is to “eliminate commission-based compensation” by 2011. [more...]

Date: 2009-10-06 14:00:39

Important News - Oct. 20 update 1

1) “Homes: About to get much cheaper” Let housing prices collapse. Don’t get in the way of it or you’ll be crushed. 2) “Niall Ferguson: U.S. Empire in Decline, on Collision Course with China” 3) U.S. poised to bring more insider trading cases BOSTON/WASHINGTON (Reuters) – Fresh from laying charges in the largest hedge fund insider trading case in history, U.S. federal investigators are poised to bring further “significant” cases. [more...]

Date: 2009-10-20 16:00:45

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