Unite, the UK’s largest trade union, has called on hedge funds to own up about their secretive practices. Unite is demanding that the industry, worth an estimated GBP1.37 trillion worldwide, be forced to demonstrate that their investment strategies are not perpetuating the current “disorder of the markets.” At a time of massive financial uncertainty for [...]
CPA financial planners associated with the American Institute of Certified Public Accountants advise a calm approach to American investors concerned about the safety of their savings and investments amid the present financial crisis. With some money market funds reporting losses, CPA financial planners across the country are counseling their clients this week in the wake [...]
Grubb & Ellis today issued the following special report regarding the New York Office Market. To receive a copy of the full report or to speak with the report’s author, Richard Persichetti or David Arena, President of Grubb & Ellis Company, NY, please contact Janice McDill at 312.698.6707 or via email janice.mcdill@grubb-ellis.com. Lehman Brothers’ bankruptcy [...]
Legg Mason, Inc. announced that the Company has entered into additional support measures with three money market funds managed by a subsidiary of the Company, given current market conditions. Neither the funds nor their shareholders incurred a loss in these transactions. Legg Mason also provided an update regarding the earnings impact to the quarter of [...]