Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Rogue Trades Rock Common Fund


In Business This Week

ROGUE TRADES ROCK COMMON FUND

ON JUNE 29, COMMON FUND discovered some $128 million in losses from unauthorized trading by money manager First Capital Strategists. On July 3, another shoe dropped: The University of Minnesota, one of 1,420 colleges and universities for which the Common Fund manages endowments, moved a cash-reserve account from Common Fund and stripped its $75 million stock-index account from First Capital. Common Fund shifted its First Capital business to Goldman Sachs.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus