Earlier today, the Securities and Exchange Commission (SEC) adopted rules designed to implement core provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding investment advisers, including those that advise hedge funds.
Like so many CEOs in Northeast picking up the pieces, I would soon find out whether the Core Values on our wall would come to life in this real-world test.
As they grew, they strayed from their core business into putting their names behind hundreds of billions-worth of subprime mortgage-backed securities cooked up by Wall Street.
While most office landlords posted earnings largely in line with expectations, according to Mr. Goldfarb, Vornado's quarterly funds from operations missed Wall Street's target by nine cents as the company continues to dispose of its non-core properties.