July 30, 2010
Tony Blair to be paid thousands by hedge fund which profited from banking crisis
Tony Blair, the former prime minister, is to be paid thousands of pounds by a City hedge fund which profited from the banking crisis.
Former hedge fund manager sentenced
A former Miami hedge fund operator is paying for years of fraud that allowed him to live a life of luxury, including the purchase of a modeling agency for his girlfriend to operate, according to the U.S. Attorney’s Office.
Och-Ziff’s Assets Fell by $5.5 Billion
Like many once-proud hedge-fund firms, Och-Ziff Capital ended 2008 on a humble note. The proof came Monday morning, when the firm, led by former Goldman Sachs trader Daniel Och, reported year-end results for its four hedge funds and gave a monthly update on the size of its assets under management.
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