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AIG Plans to Move $11 Billion Out of Its Hedge-Fund Investments →  February 12, 2016

By Leslie Scism CONNECT Bloomberg News Hedge funds now know exactly how far they have fallen out of favor with American International Group Inc. The global insurance conglomerate said in its fourth-quarter earnings call Friday that it is reallocating about half of its $11 billion investment in hedge funds. Sid Sankaran, AIG’s chief risk officer and incoming […]

AAPL Stock: Analyst Says This Is the Next Big Thing for Apple Inc. →  February 13, 2016

Analyst: This Could Be Huge for Apple Stock Apple Inc. (NASDAQ:AAPL) has been having a tough time since the beginning of this year. Things got worse after the latest quarter’s results, when reports of slowing “iPhone” sales dented AAPL stock. However, one analyst predicts Apple might be working on something bigger than the iPhone. Piper […]

‘King Popper’ Ponzi fraudster’s victims are to be refunded after £2.5m was seized →  February 13, 2016

A City trader dubbed ‘King Popper’ has been ordered to refund victims of his Ponzi scam with £2.5m from his personal bank account.  Alex Hope, 26, of Canary Wharf, East London, was jailed for seven years in January for swindling unsuspecting investors to fund a playboy lifestyle of gambling and exclusive nightclubs. He earned the title […]

Loeb says Third Point raised short bets to avoid losses →  February 13, 2016

BOSTON Billionaire investor Daniel Loeb has told clients his firm has taken more defensive bets in the face of tumbling markets by dramatically increasing its short positions, which helped Third Point avoid “calamitous” losses last year. The fund manager also said the firm cut stakes in companies that were exposed to China and commodity prices, […]

New York Times: Alan Grayson mixing congressional work with hedge fund management →  February 12, 2016

The Tampa Bay Times has incurred Democratic U.S. Senate candidate Alan Grayson’s wrath for reporting on his hedge fund management activities while serving in Congress. Now the New York Times has a must-read invesigation with much more potentially damaging information. RELATED NEWS/ARCHIVE Cayman Islands records show hedge funds Alan Grayson said he closed are still active 2 […]

Rep. Alan Grayson asked to end Florida bid for U.S. Senate →  February 12, 2016

Updated: Feb 12, 2016 – 1:28 PM ORANGE COUNTY, Fla. — Senate Minority Leader Harry Reid, D-Nevada, is calling on U.S. Rep. Alan Grayson, D – Orlando to drop out of the U.S. Senate race in Florida. Reid, who has endorsed Grayson’s opponent, U.S. Rep. Patrick Murphy, Florida, in the Democratic primary, cited Grayson’s management of […]

Carlyle Group Earnings Decline On Claren Hedge Fund Exposure (NASDAQ:CG) →  February 12, 2016

The Carlyle Group’s investment in the hedge fund Claren Road, which is part of its global market strategies business, has dampened the company’s earning results for the fourth quarter of the fiscal year. In 2010, Carlyle purchased a majority stake in the hedge fund, as part of a move to diversify beyond its core business. […]

AIG Plans to Move $11 Billion Out of Its Hedge-Fund Investments →  February 12, 2016

By Leslie Scism CONNECT Bloomberg News Hedge funds now know exactly how far they have fallen out of favor with American International Group Inc. The global insurance conglomerate said in its fourth-quarter earnings call Friday that it is reallocating about half of its $11 billion investment in hedge funds. Sid Sankaran, AIG’s chief risk officer and incoming […]

Syria Fighting To Halt In A Week’s Time →  February 12, 2016

A plan has been agreed for a “nationwide cessation” of violence in Syria in a week’s time, US Secretary of State John Kerry has said. However, Islamic State, al Nusra and other terror groups will not be involved in the truce – and Russia has said it will be continuing its bombing campaign. It is […]

Economic Collapse: Indicator Shows U.S. on Verge of Recession →  February 12, 2016

The U.S. economy is on the verge of a recession and the world could be on the verge of an economic collapse. At least, that’s the opinion of David Stockman. In an interview on Bloomberg TV earlier this week, the renowned businessman and politician delivered a dire warning to Americans and investors. “Recession [is] coming […]

Kanye West packs Madison Square Garden with celebrities and hundreds of models – led by Naomi Campbell →  February 12, 2016

Still the most buzzed-about fashion rookie on the block, Kanye West debuted his latest Yeezy collection to an A-list crowd at New York City’s Madison Square Garden today. But unlike in previous seasons, front row-sitting stars like Vogue editor-in-chief Anna Wintour, a newly-blonde Kim Kardashian, supermodel Karlie Kloss, and fellow fashion rebel Jaden Smith were […]