And anchor Stephanie Ruhle’s Joe Namath moment, which we’ll allow, because he really does have a beautiful singing voice.
hedge fund managers
Hedge Fund Manager Will Get Chance to Fulfill Dream of Spending Hundreds of Millions of Dollars BadlyBy Jon Shazar
When Chris Hansen wanted to found a hedge fund, he did it in San Francisco; his hometown, Seattle, apparently lacked the caché.
But Hansen hasn’t forgotten where he comes from. And he still bleeds green and gold, even five years after the SuperSonics played their last game in the KeyArena.
Crucially, however, and crucially unlike any fans of, say, a former Los Angeles football team, the New Jersey Nets, Atlanta Thrashers, Montréal Expos, Vancouver Grizzlies, Hartford Whalers and Québec Nordiques, Hansen has both the wherewithal to buy Seattle a new basketball team and build it a new arena, an available badly-run franchise on the block, and the ability to overlook the fact that he’s doing the same thing to Sacramento that Oklahoma City did to Seattle in 2008. Or, for that matter, what Sacramento did to Kansas City in 1985. Read more »
Louis Bacon’s Animal Conservation Work Involves Stripping Models Down To Their ‘Bras And Undies,’ Painting Them To Look Like BirdsBy Bess Levin
“Frankly, my dear, you should give a damn,” Louis Bacon said last night, paraphrasing from what he called his holy book, “Gone With the Wind.” The Raleigh, North Carolina-born hedge-fund manager, who looks a bit like Rhett Butler (especially the hair), exhorted guests to protect nature as he accepted the National Audubon Society’s Audubon Medal…Five women costumed as North American birds circulated during cocktail hour. They wore bras and undies, a feather here and there, and body paint (they’d spent six hours standing during their transformation). Each ably identified herself (which most guests — including Jonathan Rosen, author of a book about birding — failed at). There was a red-breasted robin, a Blackburnian warbler, a loon, a blue jay and a calliope hummingbird. “Mrs. Bacon and I thought of it,” said Ann Colley, the executive director of the Moore Charitable Foundation, which has carried out much of Bacon’s conservation work. “We didn’t want it to be boring.” [Bloomberg]
Point: “Our enthusiasm about MS’s turnaround benefits from our generally macro views. We expect CEO confidence to rise and global corporate activity levels to increase markedly in 2013. Morgan Stanley, with its sterling reputation, talent pool, and record in execution in investment banking advisory and capital markets, is uniquely positions to benefit from this improvement.” Counterpoint: “Even in early 2010, however, it was clear to many inside the firm that [James Gorman] would have his work cut out for him. Every Wednesday, executives from various corners of the bank who belonged to what was known as the asset liability committee would meet at noon to examine the cost to the firm of everything from looming credit-rating downgrades to regulatory changes. ‘It was the most depressing meeting ever,’ said one attendee who spoke on the condition of anonymity. ‘It was very clear the Morgan Stanley we knew was never coming back.’”
The hedge fund billionaire will become CEO at the struggling department store chain Sears Holdings Corp, succeeding Lou D’Ambrosio, who headed up the company for around two years. Mr. D’Ambrosio’s departure was influenced by a close family member’s medical condition, people familiar with the matter said…”There’s a very big difference between being a CEO of a company and a shareholder or chairman of a company,” said Mr. Lampert, whose hedge fund ESL Investments Inc. controls 56.2% of Sears shares. But, he said, his longtime board seats at Autozone and AutoNation have taught him a lot about retailing. [WSJ]
According to Fox Business reporter Chaz Gasparino, the hedge fund has been working overtime to convince investors ahead of the February 15 deadline for submitting redemption notices to stick with Steve. With a moderately to majorly amazing sales pitch: Read more »