Samsung’s art slush fund
Friday, January 4th, 2008Samsung chairman Lee Kun-hee set up a $225 million slush fund to buy art for his art museum director wife.
Archive for the ‘fund’ Category
The hedge fund, the stripper and the missing millions
Friday, October 19th, 2007In Canada, a hedge fund manager Paul Eustace made the wrong call on US interest rates, lied to investors, lost $208-million, stole about $2 million of client cash, cheated on his wife with a stripper for years and used investor money to give that stripper $1-million worth of gifts including breast augmentation surgery.
Sphere: Related ContentGen Y and the looming funds management crisis
Monday, July 23rd, 2007
Fund managers have ridden the coat-tails of the baby boomers, ignoring the next generation of clients and that could create enormous problems for the financial services industry.
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