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’The roguest debt agency of them all
Here’s an interesting story out of Austria on Wednesday.
Via Reuters:
VIENNA, July 15 (Reuters) – Austria’s government debt agency is facing up to 380 million euros ($534 million) in losses from as much as 10.8 billion euros it invested in subprime debt-based structured investments,
[The Bidens, Paradigm and Ponta] There are no safe harbours in Austin, Texas
From Reuters (via hedge fund implode-o-meter) comes a snippet about a Madoff-linked collapse: Austin Capital Management is closing its $900m Safe Harbor Fund, which is understood to have sustained around $186m in losses from investments in the Madoff ponzi.
[The Bidens, Paradigm and Ponta] Untangling floor 17, 650 5th Avenue
650 5th Avenue has had an unusual and rather chequered history. The mid-town Manhattan skyscraper was built in the 1970s by the Pahlavi foundation – a non-profit charitable organisation associated with the Shah of Iran.