Investors should have 100 percent of investments in equities because of valuations and higher returns than bonds, said Laurence D. Fink, chief executive officer of BlackRock Inc. (BLK), the world’s largest money manager.
Anthony Chiasson, co-founder of Level Global Investors LP, and three other men arrested last month for allegedly participating in a “criminal club” of inside traders that reaped almost $62m from Dell Inc. shares were indicted by a federal grand jury in Manhattan.
David Einhorn and his firm, Greenlight Capital, have been fined £7.2m by UK regulators for trading ahead of a 2009 equity fundraising by Punch Taverns.
Harbinger backed LightSquared calls for new tests of its mobile network (Fund News)
LightSquared, the telecom start-up backed by hedge fund manager Philip Falcone, called for new tests of its mobile system to examine interference concerns after it accused the latest government tests of being "rigged."
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