Trent Hancock calls for van Eyk liquidation... [more]Komfie Manalo, Opalesque Asia: Trent Hancock of Moore Stephens Corporate Recovery, the appointed liquidator of van Eyk, has called for the liquidation of the financial services and research house ahead of a scheduled meeting on Tuesday to determine the course of the company.
According to a
Sears Holdings gets cash as CEO’s hedge fund buys Canada shares... [more]From WSJ.com: Sears Holdings Corp. received an injection of $169 million from its CEO Edward Lampert’s hedge fund this week, as the fund bought some of the struggling department store company’s shares in Sears Canada. The funds come as the company’s vendors and vendor financiers have grown concerne
Pension funds eye reducing hedge-fund investments... [more]From WSJ.com: Pension-fund managers across the U.S. are rethinking their investments in hedge funds in the wake of a retreat by the California Public Employees’ Retirement System.
In San Francisco, the chairman of that city’s pension fund has put on hold a vote to invest 15% of its assets in h
Regulatory - ASIC to visit top six planning institutions... [more]From Moneymanagement.com.au: The six largest financial planning institutions can expect a visit from the Australian Securities and Investments Commissions (ASIC) which stated it would "test how they comply with high-risk areas of the law".
ASIC also stated it would examine high risk entities i
North America - Doug Kass: Fed won't raise rates until at least 2016... [more]From Newsmax.com: Until recently, most financial experts expected the Federal Reserve would begin raising interest rates around mid-2015. But in recent days, the slowdown of global growth and the concern expressed by Federal Reserve officials that this sluggishness will spill over to the United Stat
Asia - Korea’s NPS to boost local stocks at expense of alternatives... [more]From Asiaasset.com: Korea’s National Pension Service has said it will increase its investments in local stocks to more than 100 trillion won (US$93.2 billion) in 2015, as part of a plan submitted to the country’s National Assembly. The NPS, which currently manages about 485 trillion won in pension r
…And Finally - A perfect world... [more]From Newsoftheweird.com: In August, the Tampa Bay Times reported a dispute in Dunedin, Florida, between 12-year-old lemonade-stand operator T.J. Guerrero and the adult neighbor (Doug Wilkey) trying to close him down as an unlicensed entrepreneur, despite T.J.'s business plan for assisting his favori