A report in today's Denver Post suggests that Buddhist Shambhala International may have lost up to 90 percent of its wealth invested with Boulder-based investment management firm Agile Group:
The firm, run by Neal Greenberg, managed more than $1 billion in mutual funds, hedge funds and private accounts...Another potential victim of Agile's collapse is Shambhala International, which is listed as an under-5-percent owner in the Agile Group, according to documents filed with the Securities and Exchange Commission.
Greenberg taught a course on wealth, meditation and livelihood at the Shambhala Center in Boulder and has close ties to the local Buddhist community, according to the center's website.
2 comments
Beryl, I couldn't get this link to work. Can you help?Armchair
Link is fixed now, Armchair.Turns out, Agile Group also was the investment firm used by Buddhist songwriting legend Leonard Cohen. In 2005, his retirement account went from $4.5 million to $150,000 in a complicated situation involving Cohen's former manager. More on this story here.