For those size queens out there, Institutional Investor has compiled the 2011 rankings.
25. ESL Investments ($14.0 billion)
23. Moore Capital ($15.0 billion)
23. Appaloosa Management ($15.0 billion)
22. Davidson Kempner Capital ($15.3 billion)
21. DE Shaw ($15.6 billion)
20 Landsdowne Partners ($16.146 billion)
19. AQR Capital ($16.7 billion)
18. Elliott Management ($16.8 billion)
17. Renaissance Technologies ($17.0 billion)
16. Winton Capital Management ($17.78 billion)
15. Avenue Capital ($18.3 billion)
14. Goldman Sachs Asset Management ($19.8 billion)
13. King Street Capital (($19.9 billion)
12. Farallon Capital ($21.5 billion)
11. Baupost Group ($23.4 billion) Continue reading »
Serious question- has James Dimon, he of JPMorgan, come out looking better than some other Wall Street CEO’s because of a nice face, “fluffy white, unbankerish hair” and an ass you could bounce a quarter off of? Alternatively, has Dick Fuld become something of a villain not because of that business with Lehman Brothers’ balance sheet, per se, but because he’s got a mug that will haunt your dreams? Both are theories currently being floated. Continue reading »
This is the list of IR ladies. Read it and let us know what you think, but in doing so, try not to be so much, what’s the word? Like yourselves. Continue reading »
Derrick Coleman filed for Chapter 7 bankruptcy protection last month, noting that he owes creditors around $5 million. His lawyer attributed his financial trubs to a love a Detroit, and a burning desire to see it succeed that may not have necessarily meshed with what’s been going on there economically.
Coleman’s desire to invest in the Detroit area after his playing career ended contributed to his financial problems, Coleman’s bankruptcy attorney Mark B. Berke said Friday. Among Coleman’s ventures is a struggling Detroit development called Coleman’s Corner, an attempt to revive one of the city’s most downtrodden neighborhoods. Coleman defaulted on loans related to the mall last year. “Mr. Coleman was focused on investing in various communities throughout the city of Detroit by developing real estate, creating jobs and revitalizing business opportunities,” Berke said. “Due to the state of the economy, including the decline in the real estate market, Mr. Coleman’s investments could not be sustained.” Among Coleman’s largest debts is $1.3 million owed to Comerica Bank in connection with a lawsuit and a $1 million loan on property in Michigan from Thornburg Mortgage Home Loans. Coleman also owes Detroit mayor and fellow Syracuse legend Dave Bing $50,000 from a loan granted last year.
But! I think it’s going to be okay here because Coleman is planning to liquidate his assets and oh does he have some assets to get amped about. Continue reading »
It’s just under a million which might not seem like that much but I can think of a certain someone who wouldn’t thumb his nose at a mill right about now. The Observer reports that Bank of America has sold its pad at the Time Warner Center, which will mean one of you will have to put Ken Lewis up for the night when he flies up to NYC for one last hurrah as CEO, which will take place the entire month of December.
On Friday, just after Bank of America announced a billion-dollar loss in the third quarter, a deed in city records showed that the massive firm had sold off its corporate apartment in the Time Warner Center for $7.2 million. On the bright side, it cost $6.35 million to buy three years ago.
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