Opalesque Roundtable: The investor landscape in Russia is harsh nowadays... [more]Benedicte Gravrand, Opalesque Geneva: The investor landscape in Russia is tough this year, what with falling stock market, currency, oil prices and sanctions. Both local and foreign investors have been jumpy. However, this is a time of opportunity for contrarian investors.
Local investors a
Mistakenly wired $1.5 million and hedge fund manager gone with the wind... [more]Benedicte Gravrand, Opalesque Geneva: It’s all over the news throughout Switzerland. Credit Suisse, the country’s second largest bank, apparently wired a total of $1.5m to a U.S. hedge fund manager in three transactions in January this year. As banks do. However, the bank realized later that the
Macks aim to raise $750m for real estate debt fund... [more]From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi
Hedge fund billionaire, unions trade blows in Phoenix pension fight... [more]From Reuters.com: A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions.
Hundreds of thousands of dollars, much of it anonymous out-of-state money, has bee
Commodities - Hedge funds are attracted to U.S. shale boom... [more]From WSJ.com: An unsung byproduct of oil and natural-gas production is getting more attention from hedge funds and investors as they seek new ways to bet on the U.S. shale boom. Natural-gas liquids, which include ethane, propane, butane, isobutane and natural gasoline, are separated out from crude o
…And Finally - Hey, your gun is nicer than mine!... [more]From Newsoftheweird.com: In October in Gresham, Oregon, a 21-year-old man openly carrying a handgun he had just bought was robbed, at gunpoint, the same day. According to the police report, the robber apparently thought the victim's gun was nicer than his own: "I like your gun. Give it to me."