A former JPMorgan Chase & Co. banker who managed Bernard Madoff’s account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadn’t been dropped.
Bernard Madoff’s former secretary told a jury she heard the con man shout at his brother Peter Madoff in an argument about a top aide now accused of assisting his fraud, saying the man “knows how everything works.”
Chuck Akre beat 99 percent of peers over more than a decade picking stocks based on price and ignoring much of what happened in the economy and government. He changed his approach after his fund declined 34 percent in 2008.
Carl Icahn’s plan to seek a higher price for his stake in Dell Inc. put the spotlight on a section of Delaware law that is being used by a growing group of money managers to squeeze more cash from corporate buyouts.
Southeastern Asset Management Inc., the investment firm that joined Carl Icahn in opposing Dell Inc.’s buyout, acquired a 12 percent voting stake in News Corp., making it the largest shareholder after Chairman Rupert Murdoch.
Walter Schloss, the money manager who earned accolades from Warren Buffett for the steady returns he achieved by applying lessons learned directly from the father of value investing, Benjamin Graham, has died. He was 95.