The Childrenâ??s Investment Fund, the $9.5bn London hedge fund, is betting heavily on falling share prices in Japan by taking short positions in big companies there totalling more than $1bn.
Fairfield Greenwich accused of turning blind eye (Fund News)
In the first regulatory action against one of the big so-called â??feederâ?� funds that channelled money to Bernard Madoff, the top securities authority in Massachusetts on Wednesday accused Fairfield Greenwich of deliberately turning a blind eye to the former brokerâ??s Ponzi scheme.
Byron Trott, a long-time Goldman Sachs banker and a trusted adviser to Berkshire Hathawayâ??s Warren Buffett, is leaving the company to start his own investment fund with backing from the billionaire.
Deutsche Bank surveyed 1,000 investors with $1,100bn invested in alternative assets. The results are merely surprising and reflect the current sentiment.