The 1818 Fund II run by investment house Brown Brothers Harriman continues to be a seller of National HealthCare Corp. shares – even though one of its principals sits on NHC's board. The fund, which last week said it had sold about 170,000 NHC shares since the spring, on Monday dumped another $240,000 worth of its stake. NHC (Ticker: NHC) has fallen some 27 percent this year versus an 18 percent gain for the S&P 500.
Sep 30, 2009 7:04 AM
Morningstar takes a closer look at where in the health care universe its top-rated mutual fund managers are putting money to work. There isn't a Nashville company among the top 10, which is made up mostly of pharmaceutical and device companies.
Sep 28, 2009 8:07 AM
The class action that took to task disease manager Healthways about its use of company stock in its 401(k) plan has been voluntarily dismissed because the lead plaintiff couldn't make it to a deposition and had to withdraw from the case. The matter had been in the discovery phase with a trial date scheduled for next April.
Sep 25, 2009 2:08 AM
Vanderbilt investment chief Matthew Wright says his team ended its fiscal year down about 16 percent, some 12 points better than the S&P 500 did in the year ended June 30. Early this year, Wright said the torrid market action of last fall had sucked 16 percent out of Vanderbilt's endowment, which includes other assets.
Sep 25, 2009 12:49 AM
Central figure in investment scheme gave answers under oath that others aren't buying
Sep 9, 2009 10:19 PM
Longtime Vanderbilt investment manager Bill Spitz is featured in this Bloomberg story on how some college endowment chiefs are planning to handle a possible inflation surge. The chief investment officer at George Washington sees prices rising faster now than in the nightmare 1970s.
Sep 9, 2009 2:06 PM
A federal judge today sentenced Boots Del Biaggio, the Silicon Valley financier and Preds co-owner, to eight years in prison for appropriating millions in bank loans and investment funds. SEE ALSO: The Post's coverage of the Boots story as it unfolded.
Sep 8, 2009 3:57 PM
The team overseeing Metro's Employee Benefit Trust Fund will decide next month whether to devote up to $170 million of the money they manage to hedge funds. Chief Investment Officer Fadi BouSamra, who has been pushing to diversify the fund's asset base since taking over two years ago, also has given a Vermont firm more money to manage and will next month launch the search for a new consultant. SEE ALSO: Venture Nashville's note on the state committing serious cash to private equity
Aug 26, 2009 7:29 AM
New Constructs, a seven-year-old equity research company that prides itself on digging through companies' nitty gritty accounting details, has landed second on Barron's semiannual ranking of stock picks from the past year. Here are the full rankings.
Aug 24, 2009 1:58 PM