Results tagged “Hedge Funds” from Dealbreaker
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Hooker-Employing Hedge Fund Manager Addresses Dumb Blonde Jokes
Nov 17, 2009, 12:57pm
Posted by Bess Levin
Mark Lowe, the Nomos Capital founder accused by former employee Jordan Wimmer of, among other things, trying to kill her (several times), hiring hookers to work as investor relations girls, forcing Wimmer to be present while he received lap dances,...
Bonus Watch '09: Galleon Group
Nov 12, 2009, 2:44pm
Posted by Teri Buhl
While it's not yet clear how investors will fare, we're told that Raj-Raj is taking care of his employees. The Galleon team will be paid bonuses based on the fund performance at the date of shutdown, plus two months severance,...
Acquitted Bear Stearns Guys Maybe Starting A New Hedge Fund!
Nov 11, 2009, 11:37am
Posted by Bess Levin
They haven't said anything yet but I think it's pretty obvious it's coming. Yesterday, when the dream team in charge of the two ridiculously named Bear Stearns funds--High Grade Structured Credit Strategies Fund and High Grade Structured Credit Strategies Enhanced...
Winners And Losers
Nov 10, 2009, 9:48am
Posted by Bess Levin
John Paulson for one, porn fund Horseman Global for another....
Today In Handcuffs: Helmut Kiener Come On Down!
Oct 29, 2009, 12:15pm
Posted by Bess Levin
German police have arrested the founder of K1 Group, Helmut Kiener, in connection with an investigation into allegations of fraud at his hedge fund, a local prosecutor said. European and U.S. authorities are investigating allegations that K1 embezzled millions of...
Attention Investors: Having Our Asses Handed To Us Is No Big Deal, Says Hedge Fund Manager
Oct 27, 2009, 2:41pm
Posted by Bess Levin
How are managing money and martial arts kind of the same thing? They both have the potential to kick the shit out of you but as long as you don't fall over and die (or bleed enough money out of...
Which Hedge Fund Is Gearing Up To Strip Search Employees In Wake Of Galleon?
Oct 20, 2009, 4:53pm
Posted by Bess Levin
Forbes reports that "an unnamed hedge fund" is seeking to bring in a specialist who can come in and "make sure employees are not wearing wires," in an effort to screw (or: finger) said fund. Who do we think it...
"But Seriously, This Is Not A Laughing Matter. I'm Probably Going To Lose A Lot Of Friends To Pound Town."
Oct 20, 2009, 4:24pm
Posted by Bess Levin
Pershing Square hedge fund manager Bill Ackman highlighted prison operator Corrections Corp. as one of the best real-estate businesses around, during a presentation at the Value Investing Congress in New York on Tuesday. The government is a major customer and...
Is Your Hedge Fund Manager Lying To You?
Oct 14, 2009, 11:28am
Posted by Bess Levin
Here are five statements recently made by five different money managers: * You will get your Q3 letter before the end of Q4 * No, I'm not retiring so that I can start Long Island's first tobacco plantation * Ball...
Church Of England Reverses Stance On Hedge Funds
Oct 07, 2009, 2:23pm
Posted by Bess Levin
Pope Benedict and his investment team at Body of Christ Capital are steadfastly sticking to their message that you're all going to burn in hell but the PMs over at the Church of England have apparently had a change of...
Allen Stanford Suffers Another Blow, George Soros Not So Much
Oct 02, 2009, 1:29pm
Posted by Bess Levin
This one didn't come at the hands of a fellow inmate but everyone on the inside would be wise to stay out of Sir Stan's way to today, as odds are he is in a mood. One word-- and I...
Hedge Funds Under Fire (Again) For Redemption Restrictions
Jun 23, 2009, 5:26pm
Posted by Greg Michaels
Hedge funds that still have redemption restrictions are starting to get an earful from all sides. The decision by some of the usual suspects such as Citadel and Harbinger to continue to maintain total or partial redemption restrictions in certain...
Finally Someone Who Doesn't Hate Hedge Funds
Jun 19, 2009, 1:03pm
Posted by Greg Michaels
It turns out hedge funds do have a friend in this world- China. While legions of politicians in DC spend countless hours and dollars determining how best to handicap the hedgies' ability to operate in the free market, the sovereign...
Can The Fast Money Era Survive?
Jun 11, 2009, 12:06pm
Posted by Greg Michaels
Prior to the recent golden era of program trading and hedge funds, value investing played a major role in the markets. In today's environment, stocks are largely at the mercy of large but nimble players who have the size and...
No More Nukes
Jun 02, 2009, 1:37pm
Posted by Greg Michaels
Now that it appears that the financial system has escaped a Chernobyl meltdown, lines are being drawn in the sand to define the cast of characters who might be in a position to cause a financial nuclear winter in the...
We Are Not Changing The Rules
May 26, 2009, 5:18pm
Posted by Equity Private
Farewell, poor Connecticut, we barely knew ye. Next stop: Vegas, baby. Prompted by the Bernard Madoff investment scandal and other financial failures, Democratic senators called Tuesday for Connecticut to become the first state in the nation to require more disclosure...
Administrate This
Mar 02, 2009, 8:42am
Posted by Equity Private
It should come as no surprise that the Madoff losses have resulted in a big spikey-spike in "we promise we have a bunch of investments, just ask Bob over there" shifts to third party administrators. Lots of larger funds had...
Joe
Oct 23, 2008, 9:15am
Posted by Equity Private
We are totally, utterly tired of this utterly interminable election. But such things are in the eye of the street. We have tried to pay no attention, but then... "Joe the Plumber." Republican John McCain continued to invoke the Ohio...
Wild And Crazy Predictions: Again
Oct 02, 2008, 1:14pm
Posted by Equity Private
Call us crazy, but everywhere we go we hear hedge-fund failure buzz. Rumors are, of course, rumors, but the logic is occasionally compelling. Investors moving to cash, Treasuries, the VIX at 43, or to quote an old weather vane: "even...
If We Are Lucky, Timmay! Used Lehman
Oct 01, 2008, 8:58am
Posted by Equity Private
Sure, your friends told you that the days of 20-something Wall Street riches were over, but you knew you were better than that. Particularly when you diversified out of Investment Banks last year and branched over to hedge funds. Specifically,...
