More London-listed hedge funds are expected to wind up in coming months, following news this week that FRM Credit Alpha is to close. Investment advisers now predict that a number of other funds whose share prices trade at a wide discount to their net asset value will become vulnerable to being wound up by shareholders seeking a return on their investment.Wednesday’s announcement from FRM Credit Alpha is seen as continuing a trend that began in the aftermath of the Lehman Brothers collapse, and Read more [...]

By NICK TIMIRAOS Sergio Trujillo thought he could avoid foreclosure when an investor made an all-cash offer last month to buy his one-bedroom condominium in La Jolla, Calif., for less than the amount he owes on his mortgage. But a standoff between Mr. Trujillo's lenders over a few thousand dollars threatens to derail the deal, known as a short sale. Like many heavily indebted borrowers, Mr. Trujillo has two mortgages: a first mortgage in the amount of $260,000, which is held by Freddie Read more [...]

November 26, 2010 by Darren Allan The Motorola Milestone 2 (the phone known as the Droid in the States) is now available to buy in the UK. eXpansys is flogging the Milestone sequel for £380 sim-free. For that money, you get a 1GHz processor, 3.7 inch display, 5 megapixel camera, 8GB of memory (expandable via microSD), wi-fi and 3G, plus a sliding Qwerty keyboard. It runs Android 2.2. While no networks are officially offering the handset, eXpansys has it listed on a few deals Read more [...]