FT Alphaville
Redemptions from institutional investors have continued to drain capital from Man Group, the world’s largest listed hedge fund manager, over the past seven months. However, the group’s first-half results showed outflows from institutions were partially offset by surging investment from Asia and the Middle East.... (Read More)
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Wall Street Journal
NEW YORK (MarketWatch) -- Fortress Investment Group said on Friday that its third-quarter loss shrank to $190.3 million, or 43 cents a share from a loss of $267.5 million, or 66 cents a share. The company had revenue of $143.7 million in the quarter, versus $185.1 million a year ago. The company said for the third quarte (Read More)
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SeekingAlpha.com: Home Page
Robert Salomon submits: Robert Cyran raised a legitimate question about Cisco’s (CSCO) growth trajectory and corporate strategy in a recent New York Times article (see Cisco’s Run of Spending). According to Mr. Cyran: Cisco, the computer networking giant, has spent the last decade acquiring rivals and buying back stock. It’ (Read More)
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Yahoo! News: Stock Markets News
AP - The Florida agency that manages $132 billion in pension and local government investments is under investigation by the Securities and Exchange Commission. (Read More)
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Wall Street Journal
NEW YORK (MarketWatch) -- AES Corp. said it's raising $1.58 billion in new capital as part of a binding stock purchase agreement with a wholly-owned investment subsidiary of China Investment Corp. (CIC). AES said the new equity will fund growth opportunities and extend its reach in the global power sector. CIC will acquir (Read More)
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Wall Street Journal
The gold rush is back on. The price of gold is rising to new highs, and Mark Luschini, the chief investment strategist at Janney Montgomery Scott, sees this as a symptom of the dollar's falling value, not a hedge against inflation. "The dollar is somewhat under siege, and countries are using gold as a surrogate, almost supp (Read More)
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SeekingAlpha.com: Home Page
Avery Goodman submits: Don’t get me wrong. I love silver. As a very long term investment, you cannot find anything better. If you ignore short and medium term volatility, and simply hold your metal for a long term of years, you will probably do okay. The world is running out of silver. The painful part of this "buy and (Read More)
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Triple Pundit
It’s not often that we can post something just for fun, but TriplePundit’s Nick Aster was honored to be a part of the “Tour de OG” 2009 – the first annual bike ride in support and anticipation of Opportunity Green, coming up this weekend in Los Angeles.Pictured above is the batch of intrepid cyclists who’ve [...] (Read More)
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Wall Street Journal
Tech Today gathers all the biggest technology news of the morning’s Wall Street Journal into one place for your reading pleasure.Putting ‘Green’ Technology Into Bricks: Several start-ups are seeking to use “green” technology to reinvent mundane building materials like bricks and cement, as venture capitalists ramp up invest (Read More)
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