The News Review:
- Markets Limp Into 2009 After a Bruising Year
- Ira Millstein’s pinion Helped Steer Yeshiva’s Money to Madoff
- Yale’s Swensen Sees ‘Extraordinary’ pportunity to Snap Up Debt
Markets Limp Into 2009 After a Bruising Year
New York Times United States
Many investors having lost stocks and other investments are buying up Treasuries that offer little or no return. They are content simply to get their money back. “The only willing risk taker is the government” said.
Ira Millstein’s pinion Helped Steer Yeshiva’s Money to Madoff
Bloomberg
?Lack of Due Diligence? Yeshiva earlier said it has hired the law firm Sullivan &Cromwell in New York and the financial-advisory companyCambridge Associates in Boston to review its policiesprocedures and governance structure. Disclosure to Yeshiva of board members? business interestswasn?t enough by itself to ensure sound investing said.
Yale’s Swensen Sees ‘Extraordinary’ pportunity to Snap Up Debt
Bloomberg
The schoolestimated on Dec. 16 that the fund had fallen 25 percent to $17billion because of the global financial crisis. Swensen whohas updated his 2000 book on investing for re-release Jan. 6said periodic losses are inevitable in a portfolio tilted towardstocks and built to grow over many years. ?There isn?t an investment strategy that can produce thekind of long-term results we?ve generated at Yale that isn?tgoing to post the occasional negative return? Swensen said inthe Dec. ?I don?t think people should disregardthe book because of the market trauma of the last few months.
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