Massachusetts Secretary of the Commonwealth William Galvin today charged Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd. with fraud in connection with the Bernard Madoff investment scandal.
An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier as buyers took advantage of deeply discounted prices and low interest rates.
Even though retired clients have been hobbled by tanking investments, opportunities still await those who dare to try alternative investments, according to experts.
U.S. home prices sank by the sharpest annual rate on record in January, and the pace continues to accelerate, but there were a handful battered metro areas where price declines slowed, according to data released today.
Commercial banks lost $9.2 billion trading derivatives during the fourth quarter as the credit crisis intensified, according to a report released today by the Office of the Comptroller of the Currency.
Rates on 30-year mortgages plunged this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market.
New U.S. home sales rebounded unexpectedly last month, but were still the second-worst on record and remained well below last year's levels, according to data released Wednesday.
A government report says U.S. home prices fell 6.3 percent in January from the same month last year.
Sales of previously occupied homes jumped in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties.
The Securities and Exchange Commission is investigating whether hedge funds gave favored employees or investors “preferential redemptions” by allowing them to withdraw money while freezing redemptions for other clients.
U.S. hedge funds are buying stocks for the first time since October, Bloomberg reported today.
A full 20% of the hedging shops that blew up last year were feeder funds for Bernie’s Ponzi scheme that thought they were overseeing $16 billion. They weren’t.
<b>Situation:</b> Under the new tax act, a hefty cash refund is available to so-called “first-time” home buyers.
A key gauge of homebuilders' confidence remained near historic lows in March, as builders saw a drop in prospective homebuyers visiting model homes amid rising job losses and economic fears, according to a survey released Monday.
Angelsoft.net updated its search engine and GlobalBroker.com has launched a web-based market for owners or buyers to sell or to lease commercial real estate.
National Advisors Trust Co. said today that it was expanding the alternative-investment-custody services that it provides to advisers.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC.
Warning that economy will remain in dismal shape for “a while,” Blackstone Group Chief Executive Stephen Schwarzman urged people against buying real estate—even at seemingly depressed prices.
Funds of hedge funds took it on the chin in 2008 — right along with the overall hedge fund industry, according to a survey released today.
