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NEWS ABOUT: investors

Palin to Make First Trip to Asia

Former gov will speak at Hong Kong investment conference

(Newser) - Once pilloried for her lack of foreign policy experience—except for Russia, which she said she could see from Alaska—Sarah Palin will make her first trip to Asia in September. The former Alaska governor will visit Hong Kong to address the CLSA Investors Forum, a prominent conference of global... More »

Investors Ditch Once Lofty Cerberus Fund

Failed investments in Chrysler, GMAC have clients pulling $5.5B

(Newser) - Hedge-fund investors are leaving once-vaunted investment firm Cerberus Capital Management in droves, the Wall Street Journal reports. The firm, whose acquisitions of Chrysler and GMAC turned disastrous, is seeing $5.5 billion in capital—or 71% of its hedge fund assets—walk out the door. "We have been surprised... More »

Goldman Gives Trading Tips to Top Clients First

Research reaches regular investors days later

(Newser) - Goldman Sachs is withholding stock tips from the thousands of clients who receive the company's written research reports until days after they're passed along to the firm's own traders and some 50 favorite clients, the Wall Street Journal has learned from an analysis of company documents. Confidential “trading huddles”... More »

BofA Settles SEC Suit Over Merrill Bonuses for $33M

Commission says bank misled investors over Merrill payout

(Newser) - Bank of America will pay $33 million to settle a federal lawsuit, filed today, which says the bank misled its investors, Reuters reports. During its takeover of Merrill Lynch, the lawsuit charges, Bank of America told investors Merrill wouldn’t pay bonuses without BoA’s permission before the deal closed.... More »

New $130M Global Ponzi Scheme Busted

(Newser) - London investigators have uncovered a $130 million Ponzi scheme that duped hundreds of celebrities and businessmen around the world, reports the Telegraph. The scammers were so slick that many of their victims refuse to believe they were sucked in by the ersatz high-yield fund, and are still expecting payment, according... More »

Feds Consider Limits on Oil, Energy Speculation

Commodity Commission to hold hearings on 'purely financial' energy futures trading

(Newser) - Federal regulators may impose new limits on the amount of energy-futures contracts that speculators can buy, the New York Times reports, an attempt to curb severe price fluctuations in commodities like oil and natural gas. Oil prices swung from $145 per barrel last summer to $33 in December, movement some... More »

Where's the Money, Bernie?

(Newser) - Investigators have only recovered $1.2 billion of the $13.2 billion bilked from investors by Bernard Madoff since 1995, reports the Wall Street Journal. Eligible victims may be compensated up to $500,000 by the Securities Investor Protection Corp., but the rest will have to come from whatever investigators... More »

Companies Hobbled by Fewer Wall St. Analysts

(Newser) - The turmoil on Wall Street has left fewer analysts covering companies of all sizes, the Journal reports, leaving smaller operations struggling to connect with investors. Since September, there have been more than 2,200 instances of analysts formally dropping coverage—nearly a quarter of all research. That plunge has been... More »

Investors Storm Housing Market

Aim to take advantage of current low prices

(Newser) - Investors are snatching up cheap houses, hoping to turn a profit when the market picks up, the Wall Street Journal reports. Some are foraging far and wide for potential purchases; others are locals who know the ins and outs of the area market. Investors often make all-cash offers, helping them... More »

US May Create Financial Watchdog for Consumers

(Newser) - The Obama administration may create a government agency with sweeping powers to protect consumers who use financial products such as mortgages, mutual funds, and credit cards, reports the Washington Post. Current protections are scattered throughout several agencies. The new plan would corral them under one regulatory commission and create tougher... More »

Madoff Clients to Get $100M Back Soon

Funds address fraction of 9,000 claims: trustee

(Newser) - It's a start. Some of Bernie Madoff's clients will get back at least a portion of the money that he stole. Trustee Irving Picard says he expects to approve at least $100 million of investor claims—mere hundreds out of nearly 9,000 filed claims—by May 25, Bloomberg reports.... More »

Financial 'Pearl Harbor' Is Past, Says Buffett

Oracle confident as he prepares to be buffeted by shareholders

(Newser) - The Oracle of Omaha still sees tough times ahead for the US economy, but he says he thinks the worst is in the past, CNCBC reports. “We’re at a war now to some degree, but Pearl Harbor was September,” Warren Buffett says. “There was a strike... More »

Venture Capitalists Start to Regain Their Nerve

Confidence gradually rebounding with stimulus plan

(Newser) - Venture capitalists are starting to get their confidence back after an exceptionally timid year, the New York Times reports. A key index shows the administration's efforts to stabilize the economy have given investors glimmers of hope. "There is some degree of stability in the financial markets and that allows... More »

Hoe-town: 10K-Acre Farm Eyed for Detroit

Michigan investors seek to turn deserted streets into cropland

(Newser) - Motor City could turn into Maize City if a Michigan investment group has its way and turns 10,000 acres of largely deserted streets into farm plots, reports BusinessGreen. Hanz Group hopes eventually to acquire almost 10% of Detroit's 143 square miles for development into cropland, Christmas tree and lumber... More »

Judge Denies Madoff's Bail Appeal

Fraudster will wait in jail until June sentencing

(Newser) - A federal appeals court today denied Bernard Madoff’s request to be released on bail until his June sentencing date, the New York Daily News reports. “The defendant’s age and exposure to imprisonment are undisputed, and the court did not err in inferring an incentive to flee from... More »

Doubt Cast on $50B Figure in Madoff Case

Insiders think real losses closer to $20B; no one really knows

(AP) - Bernard Madoff and $50 billion. His name and that number have become inseparable in describing the enormity of what has been called the largest white-collar fraud in history. Investigators claim Madoff himself told them that he stole $50 billion, but it is becoming increasingly clear that the number may be... More »

Obama: It's a Great Time to Buy Stocks

(Newser) - As if he didn't have enough to do, President Obama is now taking a stab at being the nation's stockbroker. Asked about yesterday's huge sell-off, Obama said that it's "potentially" a great time to buy stocks. Presidents usually shy away from such advice, notes Eamon Javers of Politico, given... More »

Sirius Creditors Ready to Go After CEO

If company files for bankruptcy, they could ask judge to remove him

(Newser) - Sirius XM Radio's creditors want the company to make a deal with an investor rather than file for bankruptcy, and they're prepared to go after CEO Mel Karmazin's job if things don't go their way, the Wall Street Journal reports. "The board of directors should carefully consider the ramifications"... More »

Jittery Investors Seek Direction From Feng Shui Gurus

In Asia, when a feng shui master talks, people listen

(Newser) - Hong Kong investors are invoking feng shui—the ancient Chinese art associated in the Western mind with interior decorating—to guide their depleted portfolios, the Wall Street Journal reports. Two inauspicious lunar eclipses have already predicted a grim year, and masters are warning investors to beware of the land of... More »

Crisis Turns Econ Theory on Its Ear:

Models, and pols, don't account for biases, insecurities: Brooks

(Newser) - Classical economics is based on the idea that “reason rides the passions the way a rider sits atop a horse,” David Brooks writes in the New York Times—which means classical economics is pretty much out the window right now. The recession proves the market is a psychological... More »

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