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Alternative Assets for the Masses
Institutional investors have long used private equity and hedge funds to achieve overall returns far higher than those eked out by individuals. In the 10 years ended Dec. 31, 2008, Hedge Fund Research's Fund Weighted Composite Index gained 7% per year, on average, while the Thomson Reuters U.S. Private Equity Performance Index returned an annual average of 17%. That compares with a 13% cumulative loss for the Standard & Poor's (NYSE:MHP - News) 500-stock index.
Source:(BusinessWeek)
2009-12-18
Evangelist Oral Roberts dies in Calif. at age 91
TULSA, Okla. - Oral Roberts, who helped pioneer TV evangelism in the 1950s and used the power of the new medium - and his message of God's healing power - to build a multimillion-dollar ministry and a university that bears his name, died Tuesday. He was 91.
Nations:U.S. People:Jerry Falwell Charles Grassley
2009-12-15
The Top 10 Political Scandals of 2009
It might not have reached the heights of the Watergate and Lewinsky years, but the political scandals of 2009 had something juicy for everybody. Republicans went for sex, Democrats for money, and former Gov. Sarah Palin simply bailed out on Alaska. But for sheer bizarreness, the award has to be split between the state dinner gate-crashers and former Illinois Gov. Rod Blagojevich, who was impeached for trying to sell Barack Obama's Senate seat--before quitting and winning his own seat on The Donald's 2010 Celebrity Apprentice.
Nations:U.S. Denmark People:Sarah Palin Christopher Dodd Barack Obama Activities:2009 White House Party-crasher Blagojevich Corruption Case 2009 Sanford Sex Scandal 2005 Hurricane Katrina 1972 Watergate Crisis
2009-12-14
Accenture marks 1st sponsor to cut ties with Woods
Global consulting firm Accenture PLC has ended its relationship with Tiger Woods, marking the first major sponsor to cut ties altogether with the golfer since his alleged infidelities surfaced and he announced an indefinite leave from the sport to work on his marriage.
People:Tiger Woods Roger Federer Activities:Tiger Woods Sex Scandal Source:(AP)
2009-12-13
Chile: Billionaire beat leftists, now faces runoff
SANTIAGO, Chile - Right-wing billionaire Sebastian Pinera beat three leftists in Sunday's presidential election but failed to obtain a majority, setting up a runoff against a veteran of the coalition that has ruled Chile for two decades of democracy.
Nations:Chile People:Augusto Pinochet
2009-12-13
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Matches Shown: | 1-50 | 51-100
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