Write-Offs

Write-Offs: 02.28.12

$$$ Ireland calls vote on European fiscal pact [FT]

$$$ Ray Dalio’s Pure Alpha hedge fund made $13.8 billion for its investors last year, while John Paulson lost clients almost $10 billion after an unsuccessful wager that the U.S. economy would recover, according to a report by LCH Investments NV [Bloomberg]

$$$ Apple joins the $500bn club [FT]

$$$ Too many high frequency traders use the same part of the second [Grumpy Economist]

$$$ No one will sell Becky Quick a minivan [Fortune]

$$$ A global asset manager is looking for a portfolio manager; compensation is “astronomical” [DBCC]

$$$ Hot Item: Pre-IPO Facebook Shares [WSJ]

$$$ Grand Jury Is Convened in MF Global Case [DealBook]

$$$ U.S. conducting criminal Libor probe [Reuters]

$$$ Hank Rearden says he only cares about making money but this is an obvious lie. Like most male obsessives he cares about steel and about women who care about steel and about nothing else. If he made money, so be it. If not, so be it. If metallurgy made you a billionaire he’d be a billionaire. If it made you a homeless crank, he’d be a homeless crank. [Modeled Behavior]

$$$ Get hedge fund managers drunk on TV and see what happens [NYT]

$$$ Some of this advice is questionable but this is correct: showing up drunk should be left to the VPs [BI]

$$$ Rehab in the Hamptons: Where Wall Streeters Sober Up [Bloomberg]

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98 Responses to “Write-Offs: 02.28.12”

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    No one should be selling anyone minivans.

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      Minivan's are gay. Get a Mercedes GL Class or even E Class station wagon with 3rd row jump seat for brats.

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    "we are the next generating of investment professionals." Clearly they don't pay their proofreaders astronomically.

  3. guest says:

    Losing $9.6 billion dollars and still being ranked third for the best overall returns for investors is the NKI.

    -Kweku

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    Astronomical compensation? You mean we'd get paid in Milky Way bars and Moon Pies? You'll have my resume in today!

    – Hungry UBS MD

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