Back in the 1980s, David Bonderman was the chief dealmaker for Robert Bass, a Texan billionaire. He helped to structure the $550 million buyout of American Savings and Loan Association of California, which was caught in the S&L morass. It was a complex deal, requiring lots of negotiations with federal regulators. But it ultimately turned [...]
InStorage Real Estate Investment Trust (TSX: IS.UN) announced today that Alay Shah Finance Investment, the REIT’s Chief Financial Officer, has resigned his position effective June 4, 2008.
The Board of Trustees has appointed Robert Masaki, CA, as the REIT’s interim Chief Financial Officer. Mr. Masaki is a senior financial executive with expertise in corporate finance, financial [...]
Wall Street investment companies are borrowing less from the Federal Reserve’s emergency lending program.
A Fed report Thursday says the companies averaged $12.3 billion in daily borrowing over the past week. That compares with $14.2 billion the previous week.
The program begun March 17 is one of several steps the central bank has taken in response to [...]
HSBC Holdings PLC, Europe’s biggest bank, said Friday it plans to continue to invest primarily in fast-growing emerging markets where it expects “reasonable growth” this year against a weaker outlook for the United States and Europe.
However, Chairman Stephen Green also said that HSBC would invest further in the United States, particularly in markets that target [...]
Canadian growth shrank 0.3% in the first quarter, as a wrenching restructuring in the manufacturing sector hobbled an economy half-way in recession.
It was the first decline in annualized growth in nearly five years and the weakest in the Group of Seven, behind the United States, Britain, Europe and even Japan.
“This is a bitterly disappointing and [...]
Humboldt Capital Corporation announces that effective March 31, 2008, the Corporation reported a net asset value of $4.37 per share compared with $4.42 per share at December 31, 2007.
The value of Humboldt’s investment portfolio declined by 1% in the first quarter of 2008 due to the continued weakness in the gas related equities and shares [...]
State Comptroller Thomas DiNapoli has hired a hedge fund consulting firm to examine part of the state pension fund’s portfolio during the next three years.
DiNapoli, the trustee of the $154.5 billion state retirement fund, said he has retained New York City-based Aksia LLC for investment advice. The firm will focus on the “absolute return” part [...]
A year ago, private equity executives were Wall Street’s new masters of the universe, riding an era of easy money to unparalleled success by pulling off record-setting buyouts and pulling down monstrous paydays.
The industry became so synonymous with making money that buyout giant Blackstone Group, a specialist in taking companies private, itself went public in [...]
The economy grew at an annualized rate of 5.4 percent in the first three months of the year, racing ahead of the gloomy growth outlooks issued by the Bank of Israel and the Finance Ministry.
“The positive data is an indication for how well the Israeli economy can cope amid a global financial crisis,” Finance Minister [...]
Cholamandalam DBS Finance has launched choladbsdirect.com, an online investment portal aimed at retail investors and traders. The portal will help customers invest online in all types of financial instruments. The product, which will be available in all 46 cities where the firm has wealth management branches, will give customers access to in-house research that has [...]
