$$$ Saudi Prince Alwaleed Affirms Support for Vikram Pandit [WSJ]
$$$ Daniel Posner, the former head of hedge fund DE Shaw’s distressed investment unit and one of the firm’s most senior employees, has joined New York-based credit specialist Golub Capital to launch a new hedge fund business. [FT]
$$$ On Wednesday, David Tepper kicked off a campaign to raise $15 million to help feed the needy in his home state. Mr. Tepper, Bank of America and others have donated almost $9 million to the charity, which distributed 37 million pounds of food in 2010. “There’s nothing more important than feeding people,” Mr. Tepper told a sizable audience gathered in the organization’s 285,000-square-foot warehouse, where walls of fresh apples, canned fruit and chili served as a backdrop. “It’s pretty simple. In 2006 and 2007, unemployment was around 4 percent. Now, we’re closer to 9 percent.” [Dealbook]
$$$ Medical Journals May Force Reporting of Doctors’ Hedge Fund Ties [Bloomberg]
$$$ Mexican Musicians Killed After Encore Refused [Newser]
$$$ Dodging SEC Investigators for a Job: Sign or Decline? [FINS]
$$$ Big Selloff in Munis Pays Off for Large Institutions [FBN]
$$$ New funds regulator Eileen Rominger must shed Goldman skin [Reuters]
Holy shit Gasbag is dumb. YOU CAN”T SHORT MUNI BONDS, MORON.
he gives new meaning to the term ‘big dumb animal.’
Re: grenades & bullets – this stuff happens at Third Point all the time. It’s no big deal.
-Sam Trautman
can’t dispute gasbag’s intelligence, or the difficulty locating individual issues to short, but there are a fair number of shortable muni ETFs/closed-end funds out there
can’t dispute gasbag’s intelligence, or the difficulty locating individual issues to short, but there are a fair number of shortable muni ETFs/closed-end funds out there
can’t dispute gasbag’s intelligence, or the difficulty locating individual issues to short, but there are a fair number of shortable muni ETFs/closed-end funds out there
Mexicans are the fucking rake.
Bank of America…Go fuck yourself
Let’s not forget that unemployment in December of 2008 during Bush’s last day of work, was around 7.3%, rising 2.3 points that year. Not sure if Tepper was making a vague political point in reciting the numbers, but have heard so many hedge fund types of late wailing against current policies without adequate historical framing.
Do I have to be a resident of New Jersey to get free meals from Tepper? I can also give him my “stock of the day” in exchange for some meatloaf, corn and bread. After all, I was 119-0 on my calls in 2009.
~Nails
From what I can see, very few have any significant float short. From what I hear, the Whitney research costs 100k, but I this may be complete bullshit.
I am struggling to understand why Tepper needs to launch a campaign to raise $15mm. I could understand if the campaign were for $1bn, but $15mm seems like a low bar for him. Write a f*cking check, tightwad.
Local Boy Makes Good
Mexican music has always had a close relationship to the law:
“Furious audience members killed two members of a band in Mexico after being told the music had to stop. The band—faced with demands for more from a group of drunk, aggressive audience members—had already played one encore at the Guadalajara bar before the owner pulled the plug long after closing time, the New York Daily News reports.”
http://www.youtube.com/watch?v=Vg0q0hVvyD8