California-based alt inv firm to sell fund of hedge fund business

The firm has obtained the consent of its investors to sell its fund of hedge funds business to another asset management firm. Coast anticipates that the transaction will close within the next few weeks. The transaction terms will not be disclosed.


John Paulson's Newest Setback: A Military Coup

Late last year he lightened up on financials, while exposing himself further to gold. Well, financials have been on a tear for the first several weeks of the year, while gold has been rather mediocre.


Jefferies reports solid first quarterly results

A conference call with management discussion of these financial results will be held today, March 20, 2012, at 9:00 AM Eastern. Investors and securities industry professionals may access the management discussion by calling 877-710-9938 or 702-928-7183.


UBS, Barclays prepare deal for Dream hotel

Demand for securities tied to everything from suburban strip malls to luxury lodgings is surging as investors wager that, with unemployment at its lowest level since February 2009, commercial-property owners will be able to cover their mortgage payments.


Rockwood Real Estate Advisors Expands Southwest Platform

Mr. Cortez has over a decade of real estate experience, and has been instrumental in closing $3.2 billion of property dispositions, structured finance assignments, notes sales and joint venture equity placements.


SSGA Launches Short Term High Yield Bond

The launch of the SPDR Barclays Capital Short Term High Yield Bond ETF enhances State Street Global Advisors’ fixed income ETF offering, which is now comprised of 34 SPDR ETFs, including the SPDR Barclays Capital High Yield Bond ETF (JNK).