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Investor demands fund checks
The second-biggest investor in hedge funds will demand that some of the largest names in the industry appoint independent administrators or face it pulling its money
FT

UDJ Holiday Food Bank Fund Drive passes $70000
Carter and Mary Ann Villwock, $500; Anonymous, $500; David Dippel, $500; Anonymous, $250; The California Endowment, $250; Mendo-Lake Credit Union, $100; Dean Crosthwait, $200; Ruth Sander, $100; Susan Janssen, $100; Ralph and Frances Fimbres, $100; Barry and Deborah Sheppard, $100; Bill and Kay Hansen, $100; Jeffrey Sloan, $100; Melanie and Granville Pool, $100; In Honor of Pardini Appliance, $100; Arthur and Gretchen In Memory of Bill and Mary Jane, $100; Nancy McGivney, $75; Morey and June McC...
creditunionaccess.com

Financial Stocks: CORRECT: ProLogis rallies, but broader sector slows
Shares of ProLogis jump after the real-estate investment trust says it's selling its operations in China and property-fund interests in Japan for $1.3 billion, plus assumed liabilities.
Market Watch

Timberland Bancorp, Inc.: Timberland Bancorp, Inc. Receives $16.6 Million Investment From the U.S. Treasury`s Capital Purchase Program
HOQUIAM, WA (MARKET WIRE) Timberland Bancorp, Inc. ('Company') (NASDAQ: TSBK), the parent company of Timberland Bank ('Bank'), today announced that it has received $16.6 million from the U.S. Treasury Department as a part of the Treasury's Capital Purchase Program. This funding marks the Company's successful completion of the sale of $16.6 million in senior preferred stock, with a related warrant to purchase up to $2.5 million in common stock to the U.S. Treasury. The transaction is part of the Treasury's program to encourage qualified financial institutions to build capital to increase the flow of financing to
Marketwire.com

Forcing Japan`s Banks to Unload Stocks
Japan's plan to back a fund, worth as much as $225 billion, that'll buy stocks held by banks, should carry stiff requirements for banks to unload their stockholdings.
Wall Street Journal

Old Lane Managers Look for Exit From Citi
The CEO and other senior executives of hedge fund Old Lane Partners recently signed separation agreements with Citigroup.
Wall Street Journal

Investor who lost big to Madoff kills himself
A fund manager who lost more than $1 billion of his clients' money to Bernard Madoff was discovered dead Tuesday after committing suicide at his Manhattan office, marking a grim turn in a scandal that has left investors around the world in financial ruin....
San Francisco Chronicle

Ex-Broker Charged in Dreier Case
A former stockbroker allegedly conspired with New York lawyer Dreier to defraud hedge funds out of more than $100 million.
Wall Street Journal

Fannie, Freddie agree to new appraisal guidelines (Reuters)
Fannie Mae and Freddie Mac have agreed on a revised code of conduct that aims to improve the reliability of appraisals on mortgage loans purchased by the two home funding companies, their regulator said on Tuesday.
yahoo.com

ProLogis to Sell Asian Assets
ProLogis is selling its operations in China and stakes in Japanese property funds to Singapore's GIC Real Estate for $1.3 billion, as the Denver-based warehouse developer works to pay off debt.
Wall Street Journal

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