investment fund

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One Board Position Has Paid Off for Chelsea Clinton
Board Seat
Is Lucrative
for Chelsea
Clinton
in case you missed it
Jan 11, 2020 7:00 AM CST

Board Seat Is Lucrative for Chelsea Clinton

She's earned $9M from the IAC investment firm since 2011

(Newser) - Chelsea Clinton is currently pushing a new book co-written with her famous mom , but even if sales fall short of what's expected, it seems the former first daughter will be just fine. Barron's reports that Chelsea Clinton has pulled in $9 million since 2011 as a board member...

China Buys Stakes in Coke, Apple

But avoids major US holdings in hunt for healthy returns

(Newser) - China's colossal sovereign wealth fund has steered clear of buying large chunks of US firms as it seeks better returns on its portion of the country's $2.4 trillion in foreign reserves. An SEC filing released yesterday shows that the $300 billion fund holds a relatively low $9.63 billion...

Trustee Sues Ruth Madoff for $44M

Bankruptcy trustee says fraudster's wife received more than she'll admit to

(Newser) - The trustee in the Bernie Madoff case sued the swindler's wife today to demand the return of $44 million to bilked investors, Newsday reports. The complaint doesn't allege criminal activity by Ruth Madoff but says she directly received funds from her husband’s multi-billion-dollar Ponzi scheme. Ruth Madoff gave up...

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...

Google Launches $100M Venture Capital Fund

Investments will be in non-Internet fields

(Newser) - Google will launch a venture capital fund next year with an initial capitalization of about $100 million, reports the Wall Street Journal. Unlike other corporate funds that back companies in their own industries, Google Ventures will look beyond the Internet to also invest in biotech, health care, and environmental technology....

Ponzi Victims Will Be Tax Nightmare for IRS

Service expects to refund $7-$10 billion in taxes paid on fake income

(Newser) - The work of fraudsters such as Bernie Madoff and R. Allen Stanford will complicate the IRS’ job as tens of the thousands of victims attempt to reclaim taxes paid on income that went up in smoke, Time reports. The IRS estimates that refunds due victims to Madoff alone could total...

Investment Funds May Replace 'Bad Bank'

Administration eyes creation of private funds to suck up toxic debt

(Newser) - The Obama administration is considering creating multiple investment funds to buy up the toxic debts at the heart of the financial crisis, insiders tell the Wall Street Journal. No fixed structure has been agreed upon, but under one leading plan the funds would be administered by private investment managers who...

High-Profile Arts Patron Guilty of 12 Fraud Counts

Alberto Vilar cheated investors to pay debts, fund opera companies

(Newser) - Alberto Vilar, the investment banker and one of the world's most generous opera patrons, was convicted yesterday on 12 counts of fraud, Bloomberg reports. Vilar told investors that he was putting their money in safe, government-backed assets; in fact, he bought risky tech stocks on margin, which quickly tanked. Vilar...

Investors Uncork Wild Wine Prices
Investors Uncork Wild Wine Prices
Dec 30, 2007 6:50 PM CST

Investors Uncork Wild Wine Prices

Internet, foreign funds make even second-tier wines pricier

(Newser) - Investors are uncorking a new area of speculation these days: fine wine. Thanks to the Internet, which has turned an elite hobby into a worldwide auction, prices are overflowing. Buyers can even throw money at vino investment funds and an electronic trading exchange based in London, which is up 39%...

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