• match-com-1


    Oh, So Now It’s Considered A Crime To Spend Investor Funds On Dating Site Memberships?

    Moazzam “Mark” Malik was looking for love.

    / Feb 13, 2015 at 5:34 PM
  • philfalconeofficehockeystick-260x3371


    Phil Falcone Suffers Biggest Indignity Yet

    Sure, he’s suffered a lot of them over the past few years, what with having to constantly defend his passion project, LightSquared, to the naysayers (and there have been many), being banned from the securities industry for half a decade, and living next door to people who don’t appreciate the commitment he brings to the […]

    / Jan 8, 2015 at 4:58 PM
  • Buy-Side U.

    Hedge Funds

    Colgate University: Cradle Of Hedge Fund Traders

    The folks over at SumZero have crunched the numbers on their 11,000 members to find out just where you should send your kids if you want them to follow your footsteps into the buy-side at a hedge fund, and you’ll be stunned by the results. Just kidding: Send them to Wharton or Harvard. Or, if […]

    / Dec 10, 2014 at 1:02 PM
  • "Slow your roll, lady"


    Harvard Professor Been Waiting 39 Years To Nail Lloyd Blankfein To The Wall

    Abigail Thernstrom has been watching Blankfein’s rise to the upper echelons of Wall Street from her office Cambridge, waiting patiently for the day a reporter would finally give her an opening to reveal he owes her 30,000 words on the law.

    / Sep 18, 2014 at 4:18 PM
  • karlieklossharvard


    Model Karlie Kloss Brings Can-Do Attitude To Harvard Square

    Kloss, who posted an Instagram picture of herself studying at Harvard library, took Professor Anita Elberse’s course “The Business of Media, Entertainment and Sports,” which ran last week at Harvard Business School. Victoria’s Secret Angel Kloss recently said, “Tyra [Banks] did it. She [attended classes at] Harvard Business School. I can do it, too.” [NYP]

    / May 12, 2014 at 1:15 PM
  • 2005 Chrysler Sebring Sedan


    Harvard Investment Agent Didn’t Want To Overstep His Bounds Re: Asking For A Slightly Flashier Bribe Than US News & World Report’s #19 On 2010 Affordable Midsize Cars List

    Though it’s entirely possible that he did attempt to overstep his bounds in a negotiation that went down like this: “If I’m gonna do this for you I want a Cadillac. With the seat warmers.” “You’ll get a Chrysler Sebring and you’ll like it.” “Bull shit! Bull shit!” “YOU WANT A DODGE STRATUS? ‘CAUSE WE […]

    / Jan 29, 2014 at 1:30 PM
  • mathewmartoma


    Behold The Dazzling Array Of Lies Mathew Martoma (née Thomas) Told Before Getting Expelled From Harvard Law School

    Yesterday we learned that Mathew Martoma, on trial for orchestrating “the largest insider trading scheme in history,” got himself expelled from Harvard Law School 15 years ago for creating fake transcripts to boost his grades. Obviously, this is not a great thing to have come to light if you are about to ask a jury […]

    / Jan 10, 2014 at 1:10 PM
  • harvardlawschool


    Disgraced SAC Capital Trader Once Disgraced Harvard Law Student

    Before Mathew Martoma was (allegedly!) telling Steve Cohen to dump large positions in Elan and Wyeth based on inside information he received from a doctor involved in clinical trials of an Alzheimer’s drug, he was making fake transcripts of his grades at Harvard Law School.

    / Jan 9, 2014 at 2:31 PM
  • News

    Hardcore Harvard Investment Group Soliciting Student Partners Who Aren’t Afraid To Take Some Risks With Their Parents’ Money

    You’re a Harvard undergrad and you want to beef up your resume so that in a couple years, top hedge funds will be begging you to take meetings with them. You figure joining some sort of on-campus investor group might do the trick, but there are so many to choose from it’s difficult to figure out which one is going to be your ticket to the big leagues. Except it’s not actually that difficult at all. In fact, the answer is quite simple. There are student investment clubs and there is Black Diamond Capital Investors. The former, piddling little after-school programs for, when it comes down to it, amateurs. The latter, an opportunity to put your balls on the table and make some real money.

    If that sounds like something you’d be interested, please have a check or money order for at least $1,000 ready,* which is the minimum investment members/partners must make, so that management can ensure everyone’s got skin in the game.

    “Black Diamond is all about taking investments to the next level,” said Patrick M. Colangelo ’14, who founded the club last semester. He said that the mandatory minimum investment exists to ensure member engagement in the group, which is limited to 25 participants. “We select experienced finance students who are willing to put up the minimum capital contribution because we seek partners who will be vested in the operations and performance of the fund,” Colangelo said. “It really gets the most out of our partners.” Member Arash Alidoust ’13 said he believes the buy-in is critical to the success of Black Diamond, which claims to be Harvard’s largest private growth fund. “It makes you much more concerned and much more innovative,” Alidoust said. “Black Diamond becomes part of your life.”

    And while the initial outlay be difficult for some college kids to swing, rest assured you’re going to make it back many times over.

    Members said that Black Diamond’s investment strategy differs significantly from that of other financial groups on campus. Like the hedge funds it emulates, Black Diamond is a riskier investment than some of its peer groups, a risk which members hope will be rewarded. Colangelo said that the organization is aiming for a 30 percent return on its investment…“What Black Diamond has been created for is for investors who have a little bit of experience, joining a group of other experienced individuals who really want to do something different,” Colangelo said. Alidoust said that the strength and diversity of Black Diamond’s team of investors allows the club to break out of the typical “framework” of investing. “We encourage innovation and new ideas about investing, rather than just sticking with the old ideas,” he said.

    Exclusive Investment Club Asks Student Members for $1,000 [Crimson]

    *Though feel free to invest up to $20,000.

    / Sep 14, 2012 at 11:55 AM
  • tips

    Expert: If There Is One Thing Your Business Does, And You’re Incompetent At It, That Might Be Bad

    Traders at Knight Capital are already making calls for jobs elsewhere as the stock hits multi-decade lows, Gasparino reported. Knight employed a 1,418 people as of the end of the second quarter. “It’s a war zone here; bullets are flying. I’m just trying to survive,” a senior Knight executive told FOX Business. “It’s going to […]

    / Aug 2, 2012 at 4:31 PM
  • News

    Life Choices For $500. The Answer Is: “You Will Be A Worse Person If You Do It”

    As you may have heard, several weeks ago a fed up Harvard Crimson staff ran an impassioned editorial urging Occupy Wall Street protesters on campus to leave Goldman Sachs, and those hoping to gain employment with the firm, alone. The last straw had been a group of Occupy Harvard supporters who “attempted to disrupt a […]

    / Dec 20, 2011 at 5:20 PM
  • News

    Goldman Sachs Will Recruit At Harvard When Goldman Sachs Feels Welcome

    Several weeks back, emboldened with a thesaurus and having decided they’d had enough, the Harvard Crimson staff ran an impassioned editorial urging Occupy Wall Street protestors on campus to leave Goldman Sachs, and those hoping to gain employment with the firm, alone. It’d been a “group of Occupy Harvard Protesters who attempted to disrupt a […]

    / Dec 13, 2011 at 11:38 AM
  • News

    Harvard Students: Leave Goldman Sachs/Harvard Students Who Want To Work At Goldman Sachs Alone!

    Back in August, a Dartmouth undergraduate wrote an editorial taking issue with “faceless hedge funds” and his peers in New Hampshire who “flock to Wall Street to perpetuate class-based systems of power and dominance.” And, as the new semester began, it turned out that Dartmouth boy wasn’t alone. At campuses across the country but particularly […]

    / Dec 1, 2011 at 1:39 PM
  • News

    Securities And Exchange Commission Not Amused By Hedge Fund Manager’s “Web Of Lies”

    Yesterday afternoon, the Securities and Exchange Commission announced that it had frozen the assets of “purported” Boston-based quant named Andrey C. Hicks. Purported because, was he actually a quant? Not so much! Other small inaccuracies in his story with which the regulator took issue, describing the total as Hicks’ “brazen web of lies”:

    / Oct 27, 2011 at 7:11 PM
  • News

    Bernie Madoff Under The Impression That Harvard Plans To Teach A Course Based On His Legitimate Years

    Since February, Bernie Madoff has been on a little something called the Legitimate Years Tour. Yes, he may have pleaded guilty to a $50 billion crime that ruined countless people’s lives, not to mention resulted in the suicide of his own child, but why must that be all that is said of him, when it […]

    / Aug 25, 2011 at 11:39 AM
  • News

    Larry Summers Learned One Invaluable Lesson While Running Harvard

    What did Larry Summers really think of the Winklevoss twins? “Rarely, have I encountered such swagger, and I tried to respond in kind,” the former president of Harvard said in an interview at Fortune’s Brainstorm Tech conference. Cameron and Tyler Winklevoss were at Harvard at the same time that Mark Zuckerberg launched Facebook, and they […]

    / Jul 20, 2011 at 11:19 AM
  • News

    Ground-Breaking Study Reveals Shocking Results About Wall Street Hiring Practices

    Gang, something big has come up this morning and we need to discuss it right now. Don’t want to scare anyone but also don’t want to minimize the enormity of this news so let’s just get right to it. Wall Street has been keeping a secret. Look around at your colleagues this morning. The ones […]

    / Jun 2, 2011 at 8:53 AM
  • News

    Shaq Versus The Harvard Crew Team

    This event needs a corporate sponsor.

    / Nov 5, 2010 at 1:42 PM
  • News

    Lisa Maria Falcone Is Not The Only One In The Family With An Eye For Fashion

    In our long and highly scientific study into the lives of Harbinger Capital couple Phil and Lisa Falcone, one thing we’ve determined is that Lisa, God’s gift to us, is not your typical hedge fund wife. For instance, most of these women would not commandeer a conference room at their husband’s office blasting music with […]

    / Sep 29, 2010 at 12:23 PM
  • News

    Former Lehman Brother On The Difference Between Fixed Income Guys And Equity Guys

    The culture of the employees, the trading floor [as depicted in Money Never Sleeps]…I thought all that was pretty good, though some of the machines looked funky. And those equity guys were portrayed very accurately, like the lugheads that that know their stories on a couple of [stocks]. At Lehman the difference between equity floor […]

    / Sep 24, 2010 at 3:59 PM
  • News

    Harvard Endowment Back In The Saddle

    A year after a disastrous 27 percent decline that prompted layoffs, salary freezes and a halt to some campus expansion, the Harvard endowment on Thursday reported a solid 11 percent increase in its $27.4 billion endowment portfolio for its fiscal year ended June 30. In her first year as head of the Harvard Management Company, […]

    / Sep 9, 2010 at 5:08 PM
  • News

    Lloyd Blankfein: The College Years

    LB circa 1975. [via BI]

    / Sep 7, 2010 at 11:46 AM
  • News

    Harvard Undergrad Who Inspired The Big Short Hoping To Change Wall Street From The Inside

    A word of advice to any asshats currently hard at work figuring out how to cause the next financial crisis: AK Barnett-Hart is watching you. In fact, you’re the reason the second year investment bank analyst, who wrote her senior thesis about the market for subprime mortgage-backed CDOs (which Michael Lewis called “more interesting than […]

    / Mar 15, 2010 at 6:25 PM
  • News

    Eliot Spitzer Needs Our Help

    Eliot Spitzer is scheduled to deliver a lecture tomorrow at Harvard. The topic: ethics. Unfortunately, some people would rather the event not come to pass. Namely, Kristin Davis, the hedge fund employee-cum-Madam who personally scheduled a slew of Spitzer’s appointments back in the day. What has she done about it? Written a letter to Harvard […]

    / Nov 11, 2009 at 4:14 PM
  • MBAs, News

    HBS Grad: The Fewer Harvard Business Alums Out There, The Better

    For the good of the market, encourage your MBA-candidate friends in Cambridge to pursue careers in the cross-dressing and law enforcement fields. 2009 Harvard MBA Indicator Shifts to ‘Neutral’ [PDF] A Contrary Indicator On MBA’s And Stocks [DealBook]

    / Nov 6, 2009 at 12:23 PM
  • News

    Park The Car In Harvard Yard We’re Going To A Party

    Obviously, bold displays of ostentatious wealth, power, elitism, or exclusivity seem misplaced in the present environment. So much so that one wonders if, some years hence, we might not look back on this period as the “anti-too-big-to-fail” period. Or the “anti-big” period. Or the “anti-too” period. Or just a reactionary spasm of frothing (and highly […]

    / Aug 6, 2009 at 6:32 PM
  • News

    He Was Wearing My Harvard Tie. Can You Believe It?

    Poor, poverty-stricken Harvard. Gazing at 30% losses for their latest fiscal year and the tatters of a management team for the endowment, it is unsurprising that they would start trying to fill the ranks. You have to like their chances. It would be pretty hard to look all that bad given the endowment’s recent performance, […]

    / Aug 5, 2009 at 1:10 PM
  • MBAs, News

    They’ve Got It Laminated On Little Cards So You Know This Is Serious

    Just wanted to pop in and tell you not to fear that tomorrow’s business leaders will get us into another sticky situation, ’cause Harvard MBA students, like the ones above, are now taking an oath promising not to do anything wrong, like some alums from their school. The MBA Oath FULL VERSION Preamble As a […]

    / May 30, 2009 at 12:52 PM

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