Friday, 27 March 2015
Last updated 2 hours ago
Sep 3 2008 | 10:45am ET
A Cambridge Place Investment Management mortgage-bond hedge fund is pushing investors to approve the appointment of KPMG to manage its liquidation.
Caliber Global Investment, among the many victims of the subprime mortgage crisis, sent a notice asking shareholders to OK the hire of KPMG at an extraordinary general meeting on Sept. 26, Bloomberg News reports. Under the proposal, Cambridge Place will continue to advise the fund after a liquidator is named, but will not collect management fees.
Caliber, which has $9.9 million in assets, boasted some $908 million in U.S. and European mortgage-backed securities in March of 2007, just before the credit crisis began claiming victims. A year later, it managed just $176 million.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…