Tag Archives | hedge funds

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Most hedge funds not an “alternative” asset class

Warren Buffett is the world’s most successful investor, earning $62bn from his investments by 2009. But if he had instead channelled this money through hedge funds, and still been equally successful, he would have ended up with just $5bn. They would have taken the other $57bn. Hedge funds have thus been the most successful way […]

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Supermodels prefer euros

Gisele Bundchen, the world’s richest supermodel, has joined the list of those who refuse to be paid in US dollars. As a Brazilian, she has had plenty of experience to help her recognise a depreciating currency. According to Bloomberg, she even insisted that a recent contract with US-based Proctor and Gamble for ‘Pantene’ hair products […]

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£80k Maserati going cheap

Would you like to buy a nearly-new, limited edition £80k ($160k, €120k) blue Maserati Cambiocorsa? It may not be too late, as it was going cheaply this week in London, and about to be crushed. Apply to the Transport for London (TfL) parking pound, near Knightsbridge, and spend your savings at Harrods round the corner. […]

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Interesting quotes (3)

Some of these quotes just seemed too good to ignore… `I don’t see any impact as yet on the real economy or on the inflation rate. Obviously, there could be an impact, but we have to rely on some real evidence.’ There is ‘a sort of credit crunch’, in place affecting housing and some types […]

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ICI and Akzo (2)

It seems from the media comment that Akzo is likely to announce an agreed bid for ICI tomorrow (in order to meet Friday’s Takeover Panel deadline) of around £6.70 plus the dividend. Will this be the end of the story? The share price suggests not, trading at c£6.30 as I write, some 7% below the […]

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Greed and Fear

Bill Gross runs PIMCO, the world’s largest government bond managers with assets of nearly $700bn. In a new commentary, he pulls no punches about what he sees as the ‘gluttony’ of the super-rich amongst the private equity and hedge fund elite. He also takes aim at the lenders who, in his view, have been ‘too […]

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What price oil?

Crude oil prices are climbing again. $100/bbl is not impossible, if current geo-political concerns continue. And today’s tightly balanced market could persist to 2010.

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