Bess Levin

Posts by Bess Levin

lloyd blankfein gary cohnDon’t want to get anyone upset over nothing or be unnecessarily alarmist but there is a slight possibility that shitty earnings may translate to shitty bonuses. Read more »

Can you believe these hedge fund guys back here with whom I have no association?

Can you believe these hedge fund guys back here with whom I have no association?

Let’s get one thing straight. Pershing Square is not a hedge fund. And Bill would appreciate it if you’d stop describing it as thus. Read more »

  • 15 Jan 2015 at 2:47 PM

Layoffs Watch ’15: Bank of America

brian_moynihan_bofaCuts are said to have gone down at the House o’ Moynihan today. Read more »

Earlier: Lazard Intern Fired For Taking Bathroom Photos In Varying Degrees Of Undress Now Crediting Steve Jobs With Inspiring Career Change

  • 15 Jan 2015 at 11:51 AM

Promotion Watch ’15: Morgan Stanley

jamesgormanA new class of managing directors was anointed this morning, with a congratulatory call from Big Jim. Read more »

davos-260x1701The World Economic Forum in the Swiss alpine resort of Davos, never a budget destination on the conference circuit, just got a whole lot more expensive. The franc jumped at least 14 percent today after the Swiss central bank decided now was the time to stop capping its value. A dollar today buys a Davos delegate 88 Swiss centimes, down from 97 centimes a month ago. That means a Johnny Walker Blue at the Belvedere Hotel, the schmoozer’s hostelry of choice during the forum, would set you back the equivalent of $41 today for the 36-franc whisky, about $6 more than a nightcap yesterday. Across town at the Hotel Seehof, a bottle of 2004 Dom Perignon for those in a celebratory mood will cost about $400, up from $343 before the Swiss National Bank’s announcement. [Bloomberg]

Former SAC Capital Advisors LP chief operating officer Solomon “Sol” Kumin is close to lift off with the launch of a roughly $1 billion hedge fund. Mr. Kumin’s Folger Hill Asset Management LLC has raised about $1 billion as it looks to start trading in March, a person familiar with the firm said. His new employees include Lisa Baroni, a former U.S. Attorney who helped prosecute the Bernard Madoff Ponzi scheme. Ms. Baroni will head compliance for the new firm. [WSJ]