IBD's Top 10 - Monday (Investor's Business Daily) and New Jersey drawing heat for hedge-fund foray: report (Reuters)

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City of Industry, CA --(www.USEquityNews.com)-- 11/25/2008 - Funds industry alert provided by U.S. Equity News. Stocks Soar On Citigroup Rescue1 The market gave back some gains in the final minutes, but still surged as it cheered Citi's (NYSE: C) rescue. The NYSE composite vaulted 7.1%, the S&P 500 6.5%, the Nasdaq 6.3% and the Dow 4.9% -- adding to Fri.'s hefty gains. Financial, commodity and lodging stocks logged big gains, but not many high-rated stocks rose on heavy volume. Overall, trading activity fell. Obama Touts Team, Urges Action2 Pres.-elect Barack Obama introduced his economic team and urged the newly elected Congress to pass a huge stimulus bill and pledged help for automakers. As expected, Obama named N.Y. Fed chief Timothy Geithner to be Treasury sec'y and Lawrence Summers as director of his Nat'l Economic Council. Obama warned, "the economy is likely to get worse." Citi Surges 58% On Rescue Plan3 The bank's shares rose 2.18 to 5.95 on the aid plan. The Treasury will inject $20 bil into Citi on top of the $25 bil it gave earlier. [Read the full article]


(Reuters) - New Jersey's pension fund is under fire over a series of hedge-fund investments, the Wall Street Journal said.New Jersey made the investments last month, to funds run by BlackRock Inc (NYSE:BLK), Canyon Capital Advisors LLC and GoldenTree Asset Management LP, as they were "facing the equivalent of margin calls," William Clark, director of the New Jersey Division of Investment, told the paper in an interview. In effect, the funds, which had borrowed money for investments, either faced or anticipated facing demands from lenders for cash as the value of those investments fell, the paper said.State legislators, upon learning of the investments, are questioning both the wisdom of the decisions as well as the process, according to the paper.At $49.5 million each, the investments came just below the $50 million threshold that requires the fund to explain an investment to an oversight board before moving forward, the paper said.Clark maintained to legislators at a public hea [Read the full article]

One of the greatest dangers to any retirement plan is that insidious erosion of purchasing power commonly known as "inflation." A weekly trip to the gas station or supermarket is enough to drive home the point. While younger, working Americans have opportunities -- often through increased earning power -- to overcome inflation, those in retirement or close to it are particularly vulnerable.
"The greatest risk retirees face is inflation, not short-term volatility of the stock market," says Tom Orecchio, national chair of the National Association of Personal Financial Advisors. [Read the full article]

DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/55afe1/sovereign_wealth_f) has announced the addition of the "Sovereign Wealth Funds Package: A Practical Guide to Sovereign Wealth Funds & Sovereign Wealth Funds - In Focus" report to their offering. This much-needed package covers everything you need to further your
understanding of SWFs and place them in the wider economic and political context. As global economic power shifts from the West to the East and recent investments in well-known Western institutions have propelled sovereign wealth funds into the public eye, this new title written by Adnan Hassan, a former Senior Advisor of the World Bank Group, highlights the importance of sovereign wealth funds.This much-needed practical guide covers everything you need to further your understanding of SWFs and place them in the wider economic and political conte [Read the full article]

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