Last Friday afternoon, while many a financial services employee was dealing with the fallout of receiving a bonus they did not believe to be commensurate with the work they put in for 2011, Bridgewater was dealing with a far weightier issue. The hedge fund had a thief in its ranks and said thief’s jig was up. Read more »
Greenlight Capital: Not Unlike The Way Charlie Sheen Must Feel 99.9% Of The Time, The Last Quarter Left Us A Bit ‘Confuzzled’By Bess Levin
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For three reasons:
1. The school is called the “Hebrew Wizards,” which makes it sound pretty badass (compared to, you know, your average Hebrew school).**
2. The employees of the neighboring hedge fund are always up to take part in a 3-legged race, and regularly volunteer bodies to take part in the annual Purim play.
3. Prizes for winning various contests include, I don’t know, freaking iPads. Read more »
Remember that story a few months back in the Wall Street Journal, about the hedge fund “idea dinner” that insinuated a bunch of managers got together to break bread while plotting to take down the Euro? David Einhorn and the Greenlight team do! They’ve been discussing it amongst themselves for a while, and today it made their latest quarterly letter. What’d they think of the piece? Well, reporting the actual facts instead of pulling them out of the reporter’s ass would’ve improved things slightly. Apparently the Journal got a whole bunch of stuff wrong and now the responsible parties are going to pay. Sorry, kids. Sometimes the nicest hedge fund manager in the world just has to cut a bitch. Sayeth DE and Co: