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Bridgewater's Pure Alpha fund "spared its investors" from most of the stock market's "meltdown" in 2008, [37] but this strategy was unsuccessful in 2009, when economic growth responded faster than anticipated and the Dow Jones Industrial Average increased by 19% while the company's Pure Alpha fund reportedly gained only 2% to 4%. [37]
Bernard L. Madoff Investment Securities: United States: Dec 2008: Securities: Tricked investors out of $64.8 billion through the largest Ponzi scheme in history. Investors were paid returns out of their own money or that of other investors rather than from profits. Bernie Madoff told his sons about his scheme and they reported him to the SEC ...
Long-Term Capital Management L.P. (LTCM) was a highly leveraged hedge fund.In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York.
The investors bought 267 million newly issued convertible preferred shares with a 2% dividend and a $1.50 conversion price. In all, the shares give the new investors 73% ownership of Knight.
On April 6, 2021, Credit Suisse reported losses of $4.7 billion linked to its involvement with Archegos. The bank's chief risk and compliance officer, and head of the investment bank were reported to have departed as a result of the losses caused by Archegos and Greensill crises. [26]
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Lee has been profiled by national media including the Wall Street Journal which featured Lee as the cover article, Thomas Lee Said 'Buy' as COVID-19 Caused Stock Market Meltdown [8] based on the investor response to several high-profile investment calls made in 2020.
The former head of the Social Security Administration is warning that the agency could be at risk of missing payments to seniors for the first time in its history thanks to the dramatic staffing ...