Hints and tips:
...The lawsuits accused Schiff of breach of contract, fraud and conspiracy, alleging that in her role as adviser she bilked clients out of millions of dollars on art deals....
...“The dollar has been a currency of trust for Ecuadorean households, giving them a certain security and reducing levels of uncertainty,” he said. That’s why we’ve decided to protect the dollar.”...
...The firm, which reported larger than expected losses on the merged entity earlier this year, said on Wednesday it would cut about 15 per cent of its workforce as part of a restructuring....
...Pension funds flocked to the top-performing buyout firms as a way of meeting the escalating cost of retirement obligations....
...For instance, here's a paper suggesting a continuously liquidating mutual fund as a modern update....
...Irving Picard, the trustee liquidating the firm, has filed lawsuits against numerous bank and others seeking to recover money....
...The realisation has led to a “fundamental breakdown in trust between big institutional investors and asset managers”....
...Hogan Lovells said in a statement: “No clients were affected as a result of Christopher’s actions. He committed a major breach of trust and we have taken the appropriate action throughout.”...
...The trustee responsible for liquidating Bernard Madoff’s assets after the collapse of his $50bn Ponzi scheme instructed Mr Grierson to oversee its UK aspects....
...As Hinde note: *All of the gold owned by the GLD Trust is held in the Trust’s Allocated Account, except when one creates or redeems the baskets, then the gold passes through the Trust’s Unallocated Account...
...From the newswire: In a Thursday filing in Manhattan bankruptcy court, the John Malkovich Pension Plan and Trust objected to a decision by Irving Picard, the trustee liquidating Madoff’s firm, to award...
...The judge, of the Southern District of New York in Manhattan, said bankruptcy is the best route to handle the claims against Madoff’s assets. ”A Bankruptcy Trustee has direct rights to Mr....
...A spokesman for Irving Picard, the trustee liquidating Mr Madoff’s firm, said on Thursday that the list was a mailing list from the firm’s records, plus people who called the trustee before January 8....
...Liquidating a trust like Granite would, of course, be disastrous if not impossible. A more likely outcome might be some kind of restructuring....
...“He and Grundhofer spent 80 per cent of incremental earnings to buy back stock of the company. Since Freddie Mac is going to be a liquidating trust, he’s going to be perfect.”...
...“November saw record retail outflows,” said Richard Saunders, chief executive of the IMA, “with investors redeeming holdings in property, equities and bonds....
International Edition