Stanford University Says Endowment Investments Fell 25.9% in Past Year Stanford University’s investments lost 26 percent in the 12 months ended June 30, mirroring declines at the larger endowments of Harvard and Yale.
Hedge Fund Inflows Increased to $12.6 Billion in August, Eurekahedge Says Hedge funds assets increased by $21.4 billion in August, rising for a fourth straight month, as managers investing in Europe outperformed, Eurekahedge Pte said.
Agnelli’s Exor Said to Need Partners to Purchase Intesa’s Fideuram Unit Exor SpA, the Agnelli family investment company, will need partners to buy Intesa Sanpaolo SpA’s Banca Fideuram SpA asset-management unit, two people familiar with the situation said.
Pictet Plans Physical Gold Fund in October on Concerns Inflation Will Rise Pictet & Cie., Switzerland’s biggest closely held private bank, will start a fund backed by physical gold on Oct. 1, expecting demand from investors looking to protect their wealth against inflation.
Fortitude Capital’s Assets Slump by Half After Madoff-Linked Redemptions Fortitude Capital, an Australian hedge fund run by a former Citigroup Inc. trader, has been unable to arrest a slump in assets after redemptions from some investors who lost money with Bernard Madoff helped cut its managed funds in half.
Stanford Receiver Asks Court to Sell Financier’s 112-Foot Sea Eagle Yacht The receiver in the U.S. Securities and Exchange Commission’s lawsuit against R. Allen Stanford asked a federal judge to approve the sale of a yacht, the Sea Eagle, which the financier bought in 1998 for $3.9 million.
U.S. Says Ex-Bear Fund Manager’s Bail Needs to Be Reviewed After His Trip Federal prosecutors asked a U.S. judge to review bail terms for ex-Bear Stearns Cos. hedge fund manager Ralph Cioffi after he traveled to Florida to recover documents sought by the government.