Tuesday, Oct. 8, 2013 | 2:37 a.m.
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Russell Grantham
Latest from Russell Grantham
Feds lay down law for bond advisers
When Wall Street nearly crashed five years ago, a dozen metro Atlanta governments discovered that some nifty side deals their financial advisers had coaxed them into when they issued bonds a few years earlier weren’t so nifty after all.The side deals — involving complex packages of bonds and related securities ...
Gray resigns as adviser to Atlanta’s largest pension system
Just as the city of Atlanta’s largest pension board began demanding answers from financial adviser Larry Gray, he walked away instead of answering. Gray resigned his firm’s role as adviser to the city’s $1.2 billion General Employees’ pension board Monday, two days before board members expected him to explain why ...
Atlanta pension board calls for audit of adviser’s fund
The city of Atlanta’s largest pension board on Thursday called for an audit of $10 million it has sunk into a fund created and managed by its investment adviser, amid an ongoing federal investigation involving that fund.Atlanta General Employees’ pension board also wants Larry Gray, head of the advisory firm ...
Atlanta pension adviser didn’t disclose liens, settlement
Atlanta investment adviser Larry Gray has locked in lucrative revenue by urging public pensions his firm advises to sink millions into its own funds. But while making his pitch, Gray has been paying off $425,000 in federal tax liens and a $1 million settlement of a lawsuit that accused him ...
Big Georgia firms outpacing broader market
Before the Great Recession, a recurring debate among market watchers was whether the nation might luck into a “Goldilocks” economy that was neither too hot nor too cold, but just right. By some measures, that golden time seems to be now for Georgia’s biggest companies. Despite four years of sluggish ...
Dual role creates controversy for Atlanta pension adviser
The financial adviser to Atlanta’s three pension systems recommended last year that they invest $64 million in a fund his own firm had just created, raising concerns about a conflict of interest. The recommendation, approved by the city’s firefighter, police and general employees pension boards, means $640,000 every year for ...
In the belly of the ‘Cut Bait’ beast
What’s it like to run Cut Bait? To answer that question, I found myself in a big yellow raft bobbing down the Chattahoochee River in Columbus last week. We’d shoved off with 17 other rafts. Our guide, Lucas Brown, had told us to wedge our feet tightly in the raft, ...
‘Pileup’ puts Columbus on whitewater map
It seems that everyone here — and in lots of other places — knows about the “PileUp.” For 5 minutes and 40 seconds, a YouTube clip with that title shows a succession of rubber rafts trying - and mostly failing spectacularly - to make it through “Cut Bait,” the biggest ...
Battery-maker back in Chapter 11
For the second time in a decade, battery-maker Exide Technologies entered bankruptcy court Monday, seeking a court-supervised restructuring that will likely result in job cuts and smaller operations. Milton-based Exide is one of the world’s largest makers and recyclers of batteries for autos and industrial use, with $3 billion in ...
Shareholders support CEO pay at most big Georgia companies
Most of Georgia’s large public companies passed with flying colors this year on the so-called “say-on-pay” votes at annual shareholder meetings. So far this year, 22 out of 27 Fortune 1000 firms in Georgia have gotten approval ratings above 90 percent from investors. But a handful of other Georgia firms ...
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