Hedge funds including SAC Capital Advisor LP and Ortus Capital Management Ltd. are expanding in Hong Kong, fueling demand for space and driving rents higher in the world’s most expensive office market.
View full post on Finance Stories
Monterey Capital Management Pte’s Japan-focused equity hedge fund gained 19 percent in 2010, more than double rivals’ returns, on investments in stocks including Skymark Airlines Inc. and consumer finance companies.
View full post on Finance Stories
RAB Capital Plc, the hedge-fund whose assets under management dropped 86 percent, cut staff in Hong Kong for the second time since October to focus on its U.K.-managed funds, said two people familiar with the matter.
View full post on Finance Stories
Bruce Madoff, President and founder of a New York firm that invested money for hedge funds and wealthy individuals and institutions, has been charged with operating a long-running Ponzi scheme that could cost investors billions of dollars. If this turns out to be true, it could be almost as large as the Enron scandal and will jeopardize the financial well-being of many individuals and institutions.
Ponzi schemes such as the one Madoff perpetrated are named after a 1920′s fraudster named Charles Ponzi. It is a “rob Peter to pay Paul” scheme whereby unsuspecting investors are sucked in by a fraudster making promises of unbelievable interest rate returns. Meanwhile he is just using that new money to payoff earlier investors. Once no new recruits can be found, the house of cards collapses, much like Madoff’s did when he could not meet $7 Billion of payouts to his investors.
In reading about this fraud, several very important lessons stand out: read more…
Private Hard Money Finance Hard Money Financing Hard Money LoansPowered by Yahoo! Answers
