Apparently Twinkie-lovers worldwide are clamoring for a piece of this. Read more »

  • 12 May 2011 at 2:11 PM

The 25 Biggest Hedge Funds

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) Read more »

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. Read more »

Suck it, TCW. No, really. Do it.

Congratulations are in order for Jeff Gundlach and the DoubleLine Team! In addition to being ranked number one globally in asses (on tape), the new firm has gathered the most assets among 2010 fund launches. Naturally this calls for a celebration and a screening of Ass Traffic Volume 2 at the office would probably be most fitting, if anyone has a copy lying around. Read more »

  • 08 Jun 2010 at 4:02 PM

Shots Fired

Chase bank will lose ample assets if it cans the “too hot” Debrahlee Lorenzana. Customers at the bank’s Williamsburg, Brooklyn, branch said yesterday that they’d take their business elsewhere if Chase fires her for talking about her lawsuit against her previous employer Citibank. “It’s bad and it’s not fair. She should be allowed to talk, and if Chase fires her, I will stop banking with them,” said Annie Borow, 79, of Bushwick.

[NYP via DI]

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. Read more »

  • 16 Oct 2009 at 2:03 PM

Bank of America Turns A Profit

kenlewis.jpgIt’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.

Read more »