Okay, what’s everybody so mad about? With the congressional elections one week away, the 2010 campaign narrative is written in stone: enraged tea partiers will soon be storming polling stations to elect Republicans who will seize control of the House and perhaps even win the Senate. Anger rules. But the source of this anger? Yes, [...]
Och-Ziff Capital Management Group, the New York-based hedge-fund firm run by Daniel Och, said assets under management rose 1 percent last month as the Standard & Poor’s 500 Index gained 8.8 percent for the biggest September advance since 1939, Bloomberg News reported. Holdings increased $200 million, to $26.3 billion, as of Oct. 1, the firm [...]
David Tepper, head of Appaloosa Management, has a lot to crow about these days, after his hedge fund booked a 132 percent return in 2009 banking on down-at-heel financial firms that left other investors running for cover. And it seems that crowing is indeed on his agenda. Mr. Tepper told CNBC’s Squawk Box in a [...]
Jim O’Neill, the Goldman Sachs economist best known for coining the BRIC acronym, has been named chairman of the firm’s asset management business. Mr. O’Neill, 53, will remain based in London and will report to Ed Forst and Tim O’Neill, co-heads of the firm’s investment management division, which includes Goldman Sachs Asset Management. The asset [...]
Two Supreme Court decisions making it tougher to pursue lawsuits may have begun to bear fruit for corporations fighting investor claims or employee litigation, Bloomberg News reported. Once it was enough to give a defendant “fair notice” of a claim and the grounds on which it rested, but the court’s 2007 holding in Bell Atlantic [...]
Och-Ziff Capital Management Group, the New York hedge-fund firm run by Daniel Och, said assets under management rose by $200 million last month as investors deposited money in its funds, Bloomberg News reported. Holdings increased to $26.1 billion as of Sept. 1 from $25.9 billion the prior month, the firm said in a filing Thursday [...]
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