| Author |
Dance with The Devil Replies |
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
|
| Back to top |
|
 |
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
|
| Back to top |
|
|
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
 Posted: Mon Dec 14, 2009 3:02 pm Post subject: |
 |
|
Like moths to a flame:
http://www.cnbc.com/id/34415536
What is the power of celebrity that it could defy money?
_________________
Today is the Tomorrow you worried about Yesterday! |
|
| Back to top |
|
|
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
| Posted: Sat Nov 21, 2009 8:06 am Post subject: |
|
|
Come now the regulators:
http://www.economist.com/businessfinance/displayStory.cfm?story_id=14921335
| Quote: | | “WHEN a fight breaks out in a bar, you don’t hit the man who started it. You clobber the person you don’t like instead.” That is the cynical verdict of a fund-management executive on the European Union’s proposed Alternative Investment Fund Managers directive. |
_________________
Today is the Tomorrow you worried about Yesterday! |
|
| Back to top |
|
|
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
|
| Back to top |
|
|
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
| Posted: Wed Oct 28, 2009 8:25 am Post subject: |
|
|
K1, BSC legacy hedge fund, gets probed:
| Quote: | European and U.S. authorities are examining whether K1,
which manages funds of hedge funds, deceived the banks when
borrowing money to ratchet up the size of its investments,
according to the people, who declined to be identified because
the investigation isn’t public. German and U.S. prosecutors may
announce the first charges in the case as soon as this week,
they said. JPMorgan inherited its exposure to K1 after acquiring
Bear Stearns Cos., which did business with the fund manager.
NH:
The inquiry focuses on whether K1, founded by German
psychologist Helmut Kiener, 50, engaged in circular transactions
with a network of investment firms in the U.K., the U.S. and
other countries to create the illusion that K1 had more money
available to backstop loans from the banks, the people said. The
K1 Web site says Kiener’s investment system generated an 825
percent return from 1996 through last June.
NH:
rosecutors in Wuerzburg, Germany, are investigating
Helmut Kiener, their spokesman, Dietrich Geuder, said in a
telephone interview today. He declined to provide more details.
There was no answer today at one phone number listed for
Kiener, who resides near Frankfurt. Another phone listed in his
name was disconnected.
“We are fully cooperating with law enforcement,” said
Daniel Hunter, a spokesman for London-based Barclays, the
U.K.’s second-biggest bank. David Wells, a spokesman for New
York-based JPMorgan, the second-biggest U.S. bank by assets,
declined to comment. |
_________________
Today is the Tomorrow you worried about Yesterday! |
|
| Back to top |
|
|
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
|
| Back to top |
|
|
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
|
| Back to top |
|
|
rffrydr
Moderator
Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
|
|
| Back to top |
|
|
Please log in to view without the ad banners |
|
|
FAQ
Search
Memberlist
Usergroups
Statistics
Register
Profile
Log in to check your private messages
Log in
