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February 03, 2012
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Phil Falcone’s Harbinger Capital Partners LLC lost 47 percent for
investors in his main hedge fund last year, according to a
person familiar with the results.
February 03, 2012
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Wegelin & Co., the 270-year-old private bank, became the first Swiss
lender to face criminal charges in a broadening U.S. crackdown on
offshore firms suspected of helping Americans evade taxes.
February 01, 2012
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Christie’s International said there was a surge in demand for
contemporary art as an investment, after its sales climbed 9 percent in
2011.
January 25, 2012
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Some of the richest participants in this year's World Economic Forum in Davos, Switzerland, say economic disparity needs to be addressed.
More PW News
CURRENT ISSUE
| • | | The Wall Street Journal’s Robert Frank says the boom-and-bust nature of modern wealth has turned the rich into the ‘binge drinkers of the economy.’
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| • | | NJ Nets owner Mikhail Prokhorov touts gold, Donald Trump embraces foreclosures.
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| • | | Nicolas Berggruen trots the globe in a Gulfstream jet, looking to change the world with his $2.5 billion fortune.
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| • | | The Heritage Institute teaches families that it is possible to remain wealthy through multiple generations.
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| • | | Family offices have only until March 30 to determine if they qualify for regulatory exemption under new rules created by the Dodd-Frank act.
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