Writing off the full cost of two investments
Story by: Rob Langston, Investment Adviser
Bramdean Alternative's investment trust has announced it will be writing off the full cost of two investments it had in hedge funds run by Bernard Madoff.
The International Energy Agency (IEA) has estimated that over $26trn of new energy investment is needed in the oil industry between 2007 and 2030, with over half of that needed just to maintain current supply capacity.
The commodity sector could face supply shortages when demand picks up again as companies make hard decisions against a backdrop of low demand and falling prices in 2009, according to fund manager Richard Davis.
Invesco Perpetual High Income was the best selling fund sold through Fidelity FundsNetwork in 2008, the platform announced.
Disgruntled Northern Rock shareholders plan to tour London on a hired bus this month drumming up support for their legal action for compensation against the government.
New Star has no timetable in mind for reopening its Heart of Africa fund, after new FSA rules allowed it to remain suspended indefinitely.
Retail investors seeking an income in 2009 will not be spoilt for choice, according to Simon Mungall, partner for specialist multi-manager boutique Maia Capital.
The Financial Services Authority (FSA) is mulling over whether to force investors to disclose all significant short positions in all stocks, not just banks and insurance firms, it said today (7 January).
A investor has been charged with four counts of insider dealing and four counts of money laundering
The FTSE 100 index has lost more than 50 points in trading this morning (7 January), as the energy and banking sector dragged the index lower.
With the fog still clouding the short-term effects of the crisis, things might be a little clearer for the longer term
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