April 2009
Who is Danny Pang, a mystery man? Ponzi scheme
Move over, Marc Dreier, Bernie Madoff, and Sir Allen Stanford. There’s a new financial villain on the scene, Danny Pang a native of Taiwan and the chairman and CEO of Private Equity Management Group Inc. in Irvine, has been a business partner wit...
What is Goldman Sachs GS Vintage Fund V?
US investment giant Goldman Sachs Group Inc has raised $5.5bn (£3.72bn) of investor commitments for a new fund that will buy private equity investments on the secondary market, wsj reported. The Journal said the new fund, called GS Vintage Fund V, wou...
March 2009
Legg money manager Bruce Sherman to retire from Private Capital
Private Capital Management co-founder Bruce Sherman, whose bad bets on the media industry led to pressures on his firm’s parent, Legg Mason Inc (LM.N), is retiring at the end of the month, the Wall Street Journal said. Bruce Sherman made prescien...
December 2008
Ex-Accenture CEO Joe Forehand Named as Chairman of the Board at Aricent
Aricent, a global innovation, technology and outsourcing company focused exclusively on the communications industry, today named Joe Forehand Chairman of the Board. Mr. Forehand has been an Aricent board member since October 2006. Mr. Forehand is cur...
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