US Lawmakers Probe Alleged Multi-Billion Dollar Ponzi Scheme

A U.S. congressional committee on Monday held the first of what is expected to be numerous hearings on an alleged massive financial fraud by New ... who invested with his Wall Street asset management firm since the 1990s. According to the Securities ... York asset manager Bernard Madoff. bernard-madoff-265x300 US Lawmakers Probe Alleged Multi [more...]

Date: 2009-01-06 02:27:09

Blog posts (115) | Videos (103)
 

More Hedge Funds Expected to Succumb

This has been the toughest year on record for hedge funds. Several factors suggest it could get even worse ... chairman of Balyasny Asset Management, a New York hedge fund.The market continues to pummel many funds ... a torrent of withdrawal requests.Instead, a number of firms, including Platinum Grove Asset Management [more...]

Date: 2008-11-22 03:52:00

IP Jobs Opening Up as Firms Focus on IP Asset Revenue

Jeffer, Mangels, Butler & Marmaro announced that it has filed a patent infringement lawsuit on behalf of EMG Technology against Apple ... their IP asset management teams and introducing significantly higher levels of sophistication to their IP asset management process. As a result, demand for IP talent is intensifying. Firms Seek to Extract [more...]

Date: 2008-12-01 10:00:26

DAM firms disappearing

I found this article in eWeek really interesting: Midmarket Digital Asset Management Firms Disappearing Companies are drowning in content they generate, usually with no way to organize it. Furthermore, as the article states, there is less and less support for SMBs, who can’t spend a fortune on software. Normally new firms would enter [more...]

Date: 2009-01-11 15:28:49

"A stunning fraud that appears to be of epic proportions"

(updated) This is pretty nuts: The Securities and Exchange Commission today charged Bernard L. Madoff and his investment firm, Bernard L ... for investors, including an asset freeze and the appointment of a receiver for the firm. The SEC's complaint ... to regulatory filings, the Madoff firm had more than $17 billion in assets under management [more...]

Date: 2008-12-12 01:59:18

Church of England puts faith in Al Gore’s investment arm: CEN 12.30.08

The Church of England’s Church Commissioners have gone green, ... in 2004 by Mr Gore and David Blood, former head of Goldman Sachs Asset Management, and had almost ... firm, Generation Investment Management. On Nov 18 the First Church Estates Commissioner, Andreas [more...]

Date: 2008-12-30 13:25:18

Satyam scandal threatens future foreign investment

BANGALORE - The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, ... in India,” said R.K. Gupta, managing director at Taurus Asset Management in New Delhi. Raju, who founded ... , a management graduate from Ohio University, said in his letter, adding he was prepared to face [more...]

Date: 2009-01-11 22:45:48

More funds for Kosmix automated media model

Kosmix is a very modern media company. It sells advertising wrapped around online editorial and pictures, just like a newspaper or a blog ... , the asset management firm. Kosmix has now raised a total ... the precision tool of search. “Sometimes you don’t know exactly what information you are looking [more...]

Date: 2008-12-09 10:20:40

Preservation Companies, Contact Companies & REO Companies

This list may contain defunct companies or those that have changed their coverage area or services ... US-wide - asset management and disposition firm offering specialized services to financial institutions ... . AppIntell Inc. - http://www.appintell.com US-wide - providing risk management information and data [more...]

Date: 2008-09-27 03:47:16

Satyam Fraud: India’s Enron - The Fact’s

News courtesy-morungexpress.com BANGALORE : The head of Indian outsourcing firm Satyam Computer Services resigned on Wednesday, ... said R.K. Gupta, managing director at Taurus Asset Management in New Delhi. Raju, who founded ... to get off without being eaten,” Raju, a management graduate from Ohio University, said in his letter [more...]

Date: 2009-01-08 19:02:46

No DAM middle ground

Yesterday, eWeek interviewed me for a story, "Midmarket Digital Asset Management Firms Disappearing ... in the $10K to $50K range (plus open-source offerings). In the DAM world there aren't even any serious open-source contenders.I think there's an opportunity here (arguably) for someone to build [more...]

Date: 2009-01-08 13:06:00

Risk Management Watch: Firms to Boost Spending on Risk Management in ‘09

Fortune 1000 companies plan to invest more in risk management in 2009 as experts anticipate new laws and regulations aimed at improving corporate ... role as Global Head of Alternative and Quantitative Investments (A&Q) within UBS Global Asset ... risk management oversight. That’s according to the results of a recent survey conducted [more...]

Date: 2008-11-19 08:00:40

Bangkok unrest hits UAE airlines

Bangkok unrest hits UAE airlines Transportation Emirates and Etihad cancel or divert flights to Thai capital after airport closed due to protests ... -out. Direct gov't action called for to support property market Real Estate Dubai real estate asset management firm RichVille blames banks for downturn in market. [more...]

Date: 2008-11-26 10:11:45

Deals of the Day: Good Riddance to 2008

Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... : The bank sold a $361 million stake in its Global Investors asset-management unit to Aberdeen ... up between its management and Bespoke Hotels. Times of London Buyside Buyout firms are beginning [more...]

Date: 2008-12-31 12:01:16

Deals of the Day: Good Riddance to 2008

Today in Bailouts Everyone gets a car: General Motors sweetened customer incentives a day after the federal government committed $6 billion to ... : The bank sold a $361 million stake in its Global Investors asset-management unit to Aberdeen ... up between its management and Bespoke Hotels. Times of London Buyside Buyout firms are beginning [more...]

Date: 2008-12-31 10:43:00

State-Owned PAL May Get $60m Rescue Loan

Janeman Latul, The Jakarta Globe,  January 11, 2009 The State Ministry for State Enterprises is expected on Monday to approve a $55 million to $60 ... up by state-owned asset management firm PT Perusahaan Pengelolaan Aset, or PPA. PAL has suffered several ... its assessment of several troubled state firms,” said Muhammad Said Didu, the state ministry’s [more...]

Date: 2009-01-12 11:15:00

State-Owned PAL May Get $60m Rescue Loan

Janeman Latul, The Jakarta Globe,  January 11, 2009 The State Ministry for State Enterprises is expected on Monday to approve a $55 million to $60 ... up by state-owned asset management firm PT Perusahaan Pengelolaan Aset, or PPA. PAL has suffered several ... its assessment of several troubled state firms,” said Muhammad Said Didu, the state ministry’s [more...]

Date: 2009-01-12 11:11:00

Global Investing Roundups Friday, November 21st, 2008

GMAC Files to Become a Bank; Unemployment Nears 26-Year High; Mogul Signals Interest in Circuit City; Banco do Brasil Buying Out Rival; ... company GMAC has filed to become a bank, a shot at getting a slice of the $700 billion Troubled Asset Relief Program bailout. Private equity firm Cerberus Capital Management LP owns 51% of GMAC. General [more...]

Date: 2008-11-21 11:43:06

SAC Capital (Steven Cohen): Hedge Fund Portfolio Tracking - 13F Filing Q3 2008

This is the 3rd Quarter 2008 edition of our ongoing hedge fund portfolio tracking series ... , “SAC is a multi-strategy, private asset management firm founded by Steven A. Cohen in 1992 ... , Global Quantitative Strategies, Fixed Income and Credit, Global Macro Strategies, Convertible Bonds [more...]

Date: 2009-01-08 02:07:32

FORMER INVESTMENT ADVISOR ARRAIGNED ON SECURITIES FRAUD CHARGES

1/5/2009 FBI Press Release Atlanta, GA - FREDERICK J. BARTON, 48, of Atlanta, Georgia, was arraigned today before United States Magistrate Judge C ... advisory firms, Barton Asset Management, LLC and Twinspan Capital, LLC, both based in Atlanta [more...]

Date: 2009-01-06 20:33:26

More Lessons From The 2008 Financial Markets

Larry Swedroe, principal of an asset management company and investment book author, ... that covered a variety of topics from active management to Madoff to your “Plan B”. Here ... . ... If their money managers could protect you, why did firms like Lehman Brothers and Bear Stearns go belly [more...]

Date: 2009-01-06 07:46:53

Mark Shafir Helped Sell Lehman. Now He Is Leaving It.

Investment bankers aren’t just watching their firms die; they are arranging the funerals as well ... of Credit Suisse Americas and Credit Suisse Asset Management). Shafir is the highest-profile ... . He also advised Lehman on its acquisition of asset manager Neuberger Berman. This year, Shafir worked [more...]

Date: 2008-09-18 10:33:00

Event: The Second Knowledge Cities Summit, 05 - 07 Nov 2009, Shenzhen, China

Date: 05 - 07 Nov 2009 Organizer: World Capital Institute Location: Shenzhen, China Since the early 1990’s, acquisition of knowledge asset and its effective management has been generally recognized ... for firms, organizations, cities and regions, and has received high attentions from governments [more...]

Date: 2009-01-12 19:14:29

Wall Street Breakfast: Must-Know News

Even more firms may gain access to TARP. Sources say the Treasury may use some of its $700B rescue fund to buy stakes in financing companies such ... from its wealth management unit and 34.4B francs from its asset management unit. The world's [more...]

Date: 2008-11-04 12:19:28

Why Shorting Treasury Bonds Might Just Be Too Obvious

US Treasuries are in a bubble, making them ripe for shorting. But that trade is too obvious, says Justice Litle ... management firms may be parking their dollars in short-term Treasuries as a conservative move ... for the privilege. As 2008 draws to a close, USTs are an asset class with no yield to speak of… microscopic [more...]

Date: 2008-12-23 18:49:37

AIG Gets All the Free Beer and Hot Dogs It Wants

AIG The Troubled Asset Relief Program was renamed over the weekend to Troubled American International Group Relief Program ... In the case of ruined firms like AIG, management no longer has the capacity to repair the broad damage ... commitment, and the terms are being made more favorable. And not by a little,” writes Yves Smith in Naked [more...]

Date: 2008-11-10 14:12:21

PE Fund-Raising Declines for First Time Since 2003

Sabrina Willmer, of Private Equity Analyst, files this dispatch on one body blow private-equity firms have taken from the financial crisis ... their private-equity percentage allocation targets because of the marked decline in the stock markets. “ ... over-weighted in the asset class,” said Donn Cox, managing director at LP Capital Advisors. “ [more...]

Date: 2009-01-09 18:27:00

DLF Assets To Raise $450M From JPMorgan, TPG?

DLF Assets (DAL), the property fund of DLF, will raise around $450 million from a cluster of private equity investors including JP Morgan Asset Management, Texas Pacific Group and others, reports CNBC-TV18, quoting investment banking sources ... has raised $450 million from Symphony Capital, a London based investment firm in May this year. [more...]

Date: 2008-11-26 08:07:01

Real Estate Market Case Shiller ETFs almost here

Getting closer to reality: Yesterday Bob Shiller's firm MacroMarkets announced that they've cleared the final approval for their exchange-traded ... Housing will provide investors with much needed access to the housing asset class, allowing ... , transparent, market based risk management solutions. Ongoing private sector innovation remains a vital [more...]

Date: 2008-10-02 16:00:55

BNP Paribas exits Satyam

Fund house raised its holding in the embattled software firm tenfold in December 2008 to more than 5 mn shares, ... , Satish Ramanathan, head of equities, Sundaram BNP Paribas Asset Management said..“In January ... at end-November2008, data from fund tracker ICRA Online showed. Ramalinga Raju, chairman of Satyam, India’ [more...]

Date: 2009-01-08 05:03:00

Profitable hedge funds on a hiring spree

With the number of troubled hedge funds piling up, those firms that are doing well have been busy hiring the cream of the crop from their competitors. Hedge funds such as Balyasny Asset Management... [more...]

Date: 2008-09-02 12:51:52

GAO launches beaconing tag

Canadian firm GAO RFID Inc. has released a new 2.4GHz active beaconing RFID tag ... in asset locating and tracking and warehouse inventory management applications. The new tag ... receives a specific signal from a nearby RFID reader, a built-in LED flashes to assist the user [more...]

Date: 2008-09-09 19:12:00

Stop Calling It An "Industry" Too By: Mark W Adams

You can stop calling banks or investment firms a financial services "industry" while you're at it ... debt into a valuable asset by slicing and repackaging questionable mortgages into default-swap bond ... , the heirs to the gentrified aristocracy who now inhabit upper management high rise offices across [more...]

Date: 2008-12-19 20:14:00

The Right Way to Icahn-Proof Your Board

As seen on Huffington Post The magazine Corporate Board Member is scheduled to come out with an article in their January issue entitled “How to ... to demand answers from management they are charged with overseeing. Such a board should be capable ... job of maximizing asset values and not feathering their own nests, and soaking up huge bonuses [more...]

Date: 2009-01-07 18:41:38

Madoff Gets House Arrest, Guards "To Prevent Harm Or Flight" Under New Bail Agreement

NEW YORK — Facing a growing chorus of angry investors, disgraced financier Bernard Madoff lost his right to leave his home Friday and was ordered to hire private around-the-clock security guards to protect him. U.S. Magistrate Judge Theodore H. Katz approved the revised bail conditions after prosecutors sent a letter requesting them earlier in [more...]

Date: 2008-12-20 04:22:25

Rules Have Consequences

This is the third installment of "Providing Relief from the Crisis." Read editor-in-chief R. Emmett Tyrrell, Jr.'s introduction here ... subtracts from capital. If capital-asset ratio falls below legal levels imposed by regulators ... and your home is saved, it's too late. You've already been "marked-to-market." Forcing firms to mark [more...]

Date: 2008-12-12 11:08:00

The Right Way to Icahn-Proof Your Board

As seen on Huffington Post The magazine Corporate Board Member is scheduled to come out with an article in their January issue entitled " ... and courage to demand answers from management they are charged with overseeing. Such a board should ... on their primary job of maximizing asset values and not feathering their own nests, and soaking up huge [more...]

Date: 2009-01-07 18:26:36

GMAC and Chrysler Financial: The Center of Hope

Speaking of an apocalyptic scenario, the poet William Butler Yeats wrote the line, “Things fall apart; the center cannot hold ... be their respective finance arms, GMAC and Chrysler Financial. Cerberus Capital Management is majority owner of both ... to get money through the Troubled Asset Relief Program, or TARP, which has distributed nearly $350 billion [more...]

Date: 2008-12-18 09:13:00

Review of 2008 Economic Predictions

Here we go… My overall assessment is that: a) All major directions were right in this prediction b) Where I was wrong, I was either too early and (amazingly) too optimistic. It has hard to realize how long ago in financial terms Jan 2008 was. As you read these predictions, they look almost mild, yet in January 2008, [more...]

Date: 2009-01-14 13:48:45

Big Girls Don’t Cry . . .

. . .unless, as TJIC points out, they work for the Securities and Exchange Commission. TJIC cites the Post, which inexplicably failed to come up with a good weeping-related headline for this one (”Tears of a Clown?” “96 Tears, $50 Billion”?), to show that the SEC official who missed Bernie Madoff’s Ponzi scheme despite a whistleblower tipoff [more...]

Date: 2009-01-08 21:10:12

Some Credit Suisse Bankers Livid Over New Bonus Plan

Some Credit Suisse Group bankers were left reeling after the bank said it would pay a substantial percentage of their 2008 compensation with an ... % of the stock portion will come via what Credit Suisse is formally calling a “Partner Asset Facility,” ... merger advisory, capital markets and leveraged finance. Those in Credit Suisse’s private bank and asse [more...]

Date: 2008-12-18 15:02:00

10 Memorable Cleantech Lawsuits From 2008

Any time business goes bad, you can expect lawsuits to follow; the cleantech industry is no exception, and the last year saw plenty of court action ... from electric car maker Tesla, six involving large solar manufacturing firms and one weirdo wildcard. Who’ ... , several law firms announced that they had filed proposed class-action suits against the [more...]

Date: 2009-01-05 05:00:09

Bad news still causing unrest ?

Kevin Lane is one of the founding partners of Fusion Analytics, and is the firm’s director of Quantitative Research ... for several sell side institutional brokerage firms, where he made unique and savvy market predictions. In those capacities he oversaw the firms’ research departments and was the main architect [more...]

Date: 2008-12-10 16:30:53

How You Can Land Any SAP Job With The Right Training

Well before reflecting upon that doubt let’s have a prompt review of what we are verbalizing about ... to become an independent SAP consultant and be the master of your individual career and management ... (Profit Center Accounting) SD (Sales and Distribution) SD COM (Customer Order Management) HR [more...]

Date: 2009-01-12 18:37:17

Bankruptcy Rules Thwart the Recovery

As seen in the Wall Street Journal The epic financial crisis afflicting the banking industry over the past 18 months is largely the result of cratering loan and other asset values stuck on bank balance sheets. When the market for such loans ... mainly benefits equity holders and managements, not creditors. But why should the same management [more...]

Date: 2009-01-08 02:30:21

COMBINING EQUITY BY MERGER OR ACQUISITION

Far below the level of Wall Street and the big publicly traded corporations, ... visionary. Perhaps the most important point of focus for smaller firms considering a business ... or margins, extend economies of scale, or enhance risk-adjusted returns by either more efficient asset [more...]

Date: 2009-01-12 08:49:16

Why You Need SAP Training To Secure Your SAP Job

By Charles WardWell before reflecting upon that doubt let's have a prompt review of what we are verbalizing about ... to become an independent SAP consultant and be the master of your individual career and management ... (Profit Center Accounting) SD (Sales and Distribution) SD COM (Customer Order Management) HR [more...]

Date: 2009-01-08 09:04:00

The Year in 2008 PE-Backed Bankruptcies

Jennifer Rossa, of Private Equity Analyst, files this look back at some of the more notable bankruptcies of buyout-backed companies and some of the ... : Apollo Management LP When Apollo Management agreed to buy Linens ‘N Things Inc. for $1.3 billion ... bask in a tidy profit of at least $250 million. Mervyn’s management has sued its erstwhile backers [more...]

Date: 2008-12-29 15:13:15

What Might Have Been

Ezra Klein makes the case that the decline of newspapers was and is so inevitable that there’s nothing smarter or better management could have done to prevent it: Jarvis had no answer for this, and nor, so far ... be separated from the question of whether or not the firms and brands traditionally associated [more...]

Date: 2008-12-23 16:33:59

Quelle Surprise! Banks Increase "Mark to Make-Believe" Assets to $610 Billion

Banks are, if nothing else, entirely predictable. If there is a way to game the system, they will avail themselves of it ... , which required financial firms to identify how they arrived at the "fair value" for their assets. Level ... firms have playes fast and loose with this rule: 1. In the first quarter of 2007, Wells Fargo created [more...]

Date: 2008-12-11 06:53:17

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