Ebullio Capital, which lost 96% in 2 months, to shut doors... [more]From Valuewalk.com: Ebullio Capital Management, which lost 96% in two months about six years ago, is said to be closing down after failing to meet capital adequacy and compliance requirements. Citing a tough capital raising environment, Ebullio Founder and Managing Partner Lars Steffensen said, “It’
Redemptions, poor markets work against Franklin... [more]From PIOnline.com: Investors withdrew close to $50 billion in the past six months from the funds and strategies of money management firm Franklin Resources Inc.
The net outflows combined with market losses have left the San Mateo, Calif., firm with $763.9 billion in assets under management as
Credit Suisse cherry picks hedge fund ideas... [more]From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time
Fund managers ready for ‘smart beta’ wars... [more]From FT.com: The swelling popularity of cheap, index-tracking funds has been a mounting concern for traditional asset managers. But many have decided to launch a fightback, betting that they can capture business in the more innovative edges of the passive investment world. The exchange-traded fund (
Manager Profile - How hedge fund Qato makes money on the hope of others... [more]From AFR.com: Ben Silluzio is unashamedly an investor with a goldfish-like short-term time horizon. The chief investment officer and founder of start-up hedge fund Qato Capital – backed by Skilled Group's Greg Hargrave's personal family office, Larkfield Funds Management – isn't interested in discer
…And Finally - The latest in corruption news... [more]From Newsoftheweird.com: Italy's highest court freed a man in January because the bribe he offered a cop to avoid a DUI ticket was "too small" to be serious -- 100 euros (about $108).
Lawyers for John Bills (former Chicago city commissioner on trial for taking bribes on a traffic-camera contr