The SEC has barred a New Jersey-based hedge fund manager from the
securities industry after he allegedly misappropriated hundreds of thousands of dollars of his
investors' funds since 1996.
Billionaire Leonid Mikhelson, Russia's 15th-richest man, has thrown his
wealth behind a museum show opening today in New York to mark the 20th
anniversary of the collapse of the Soviet Union.
Flight Options LLC, the second-largest fractional jet company in the
U.S., has won $167 million in financing for new planes as it takes advantage of a rebound in demand.
Bank of America Corp. still heads a ranking of the world's 20 biggest
wealth managers while BNP Paribas SA climbed two positions to ninth
place, according to Scorpio Partnership.
David Einhorn,
the hedge-fund manager who agreed in May to buy 33 percent of the New
York Mets, survived the first round of the World Series of Poker's main
event.
Hedge funds that trade bonds and loans are increasing bets that Europe's
sovereign debt crisis will spread to Portugal, Spain and Italy.
The price of a luxury home in central London can jump as much as 3,000
pounds ($4,800) a square foot with the help of a pair of white gloves
costing a few pounds.
Andy Beal's road to becoming a billionaire, doing deals with the likes
of Carl Icahn and Donald Trump, runs straight through the slums of
Newark, New Jersey.
Maine's Bates College is the most expensive private, nonprofit college
in the U.S., with its $51,300 price tag in 2009-2010, according to a
government college cost.
by
Jim McConville
Fidelity Family Office Services says it has partnered
with Foundation Source, a provider of support services for private
foundations, to strengthen its philanthropic service offerings.
John Paulson's hedge fund lost $468 million
since May 31 on Sino-Forest Corp., the Chinese tree-plantation owner
accused by a short-seller of overstating timber holdings, the firm said.
The SEC has approved rules that clarify family office exemptions to the Investment Advisers Act of 1940.
The U.S. Securities and Exchange Commission will require private-fund
advisors to register with the agency, opening hedge funds and
private-equity funds to unprecedented scrutiny.
Most global wealth-management executives said their clients
aren't satisfied as firms face low revenue growth and new regulations, according to a survey by PricewaterhouseCoopers.
Wells Fargo & Co.
is aiming to build its private bank in New York by attracting affluent
customers neglected by some other competitors.
A surge in wealth from technology stock sales and IPOs is spilling into the Silicon Valley real estate market as
newly rich workers bid up home values.
The IRS has been asked to explain how it decided to examine the returns of
five taxpayers who contributed to non-profit advocacy
organizations increasingly involved in political activity.
A vintage Aston Martin automobile previously owned by Peter Madoff,
brother of Bernard L. Madoff, will be sold at auction to help pay the
jailed con man's former investors.
The top 0.1 percent of U.S. taxpayers would save an average of $1...
JPMorgan Chase & Co. and the Ritz-Carlton Hotel Co. are making a
run for American Express Co.'s affluent clients with the hotel's first
rewards program.
