Wealthy individuals are increasing their investments in commercial properties, whose low values are being viewed as attractive yield opportunities.
Carlos Slim remains the world's richest person for a
second year with estimated assets of $74 billion, according to Forbes
magazine's annual global ranking of billionaires.
by
Finra has expelled a Virginia hedge fund firm and barred its CEO, charging them with securities fraud, misusing investor's funds and issuing false account statements to investors.
Fortress Investment Group LLC, the buyout and hedge-fund firm run by
Daniel Mudd, started an Asia-focused macro hedge fund that it aims to
grow to $500 million, sources said.
by
Ray Fazzi
Carl Icahn, saying he no longer wants responsibility for other people's investments,
will return the money managed for outside investors in his hedge
funds.
NetJets Inc., the business-jet operator owned by
Berkshire Hathaway Inc., said it placed a record order for up to
120 Bombardier Inc. planes in anticipation of a rebound in luxury
travel.
by
Ray Fazzi
A Bay Area hedge fund manager has been charged with using $12 million
in client funds for personal uses, including an investment in a record
company.
Billionaire Carlos Slim, the world's richest man,
gives a sneak peek tonight at his new Soumaya Museum in Mexico City,
representing one of his biggest gifts to the art and museum worlds.
Wealthy investors are buying shares of the biggest U.S. companies
again as the market returns to levels not reached since 2008 and the
municipal bond market has become more volatile.
by
Dorothy Hinchcliff
These clients may come back into the equity markets in a big way this year, says a new survey.
A rediscovered Andy Warhol self portrait that hadn't been seen in
public for more than 30 years last night helped a London sale raise the
highest total in the U.K. capital since June 2008.
Despite the hype around Bill Gates and Warren Buffett's Giving Pledge
last year, the 50 biggest private donors in the U.S. gave less in 2010
than in any year since 2000.
by
Dorothy Hinchcliff
Guggenheim Partners will be providing HighTower advisors with access to investment banking, risk tolerance
tools and other sophisticated services.
Advisors to the very wealthy are adding a new chapter to the primer
they use to teach the next generation how to handle the family's
fortune. Its title: Avoiding the mistakes of 2008.
Diamondback Capital Management LLC, among the hedge
funds the FBI raided in November,
said it received withdrawal requests of about $534 million for the end
of March.
U.S. taxpayers with hidden offshore accounts will have a
second chance to disclose them to the government without being
criminally prosecuted, the Internal Revenue Service said.
Citigroup Inc.'s private banking unit plans to set up a social
networking site exclusive to the kids of Citi's ultra-rich clients.
Rich shoppers are driving an increase in consumer spending, bolstering
a recovery that masks reluctance among less affluent Americans to join
in.
A new tax break for spouses wealthy enough to worry about the estate
tax seems to offer a huge benefit, but isn't perhaps as special as it
seems at first glance.
Pink Floyd drummer Nick Mason is helping an investment group that aims
to buy $150 million worth of classic cars and make annual returns of 15
percent.
