Funds
Lampert, Wood Reveal Failings of `Concentrated' Stock Hedge Fund Strategy When Jon Wood opened his Monaco-based
hedge fund, the former UBS AG trader told investors he'd beat
the market by buying stakes in no more than 40 companies -- the
same way he made $2.4 billion in six years for his old employer.
Calpers, 5 Foreign Funds Seek Reforms in Japanese Companies, Nikkei Says The California Public Employees'
Retirement System, or Calpers, and five other U.S. and European
funds will jointly ask Japanese companies to change corporate
governance practices, the Nikkei English News reported, without
saying where it got the information.
AIG Private Equity, Hedge Fund Returns Plunge 84% in Quarter, Ending Trend American International Group Inc., the
world's largest insurer by assets, said private equity and hedge
fund returns fell 84 percent in the first quarter because of the
gridlock in credit markets.
Pimco, Templeton Load Up on Malaysian Bonds, Lured by Rise in Ringgit, Oil Malaysian bonds are attracting a record
amount of foreign investment as rising prices for the nation's
fuel and food exports swell its surplus and send the ringgit to
the highest in a decade.
Templeton's Mobius Says Korean Stocks to Outperform, Won Is Undervalued South Korea's won, the world's worst
performing major currency this year, is undervalued by about 8
percent and the nation's stocks should outperform, said Mark
Mobius, who manages emerging-market shares at Templeton Asset
Management Ltd.
Sprott Shares May Rise After Hedge Fund Raises $197 Million in Canada IPO Sprott Inc. may rise when it begins
trading on the Toronto Stock Exchange after the mining and
energy hedge fund run by investor Eric Sprott raised C$200
million ($197 million) in the biggest Canadian initial public
offering in five months.
Centro Properties Shares Jump as Lenders Extend $6.2 Billion Debt Deadline Centro Properties Group, Australia's
second-biggest shopping-mall owner by assets, rose as much as 17
percent in Sydney trading after winning a seven-month refinancing
extension on as much as A$6.6 billion ($6.2 billion) in debt.
Citigroup Leads Wall Street Drive to Punish Taxpayers in Auction-Rate Debt Taxpayers from Massachusetts to
California are paying Wall Street banks to end derivative
contracts gone bad as they exit the collapsing auction-rate bond
market, with penalties in some cases topping $10 million and
compounding the pain of rising borrowing costs.
What Recession? Wal-Mart, Hasbro, Ford, Consumer Share Gains Beat S&P 500 What recession?