At the private air terminal at Logan Airport in Boston early Wednesday, men in unwrinkled suits sank into plush leather chairs as they waited to board Gulfstream jets, trading consolations over Mitt Romney’s loss the day before. “All I can say is the American people have spoken,” said Kenneth Langone, the founder of Home Depot and one of Mr. Romney’s top fund-raisers, briskly plucking off his hat and settling into a couch…As the morning wore on at Logan Airport, more guests from Mr. Romney’s election-night party at the Boston Convention and Exhibition Center trickled in, lugging garment bags and forming a small line at the security checkpoint. “It’s going to be a long flight home, isn’t it?” said one person, who asked not to be identified. The investor Julian Robertson, who held fund-raisers for Mr. Romney and gave more than $2 million to a pro-Romney super PAC, arrived with several companions. Mr. Robertson spotted an acquaintance: Emil W. Henry Jr., an economic adviser and a fund-raiser for Mr. Romney, to whom Mr. Robertson had offered a ride on his charter. “Aww, group hug,” Mr. Henry said. [NYT]
Julian Robertson
On Second Thought, Some Republican Money Managers Don’t Really Like Partying on Tuesdays
By Bess Levin
According to a report by Reuters, Romney supporters in the financial community are a starkly divided group tonight. In one corner you have those who will be partying (Julian Robertson, Paul Singer, Anthony Scaramucci and other top Romney donors have been invited to attend a soirée at the Westin Boston; John Paulson is throwing a small get-together at his Upper East Side townhouse; and “less prominent Wall Street fundraisers will be gathering at Brinkley’s Station, a bar and restaurant” on East 60th Street that serves “a $23.75 lobster club sandwich and $12 Bloody Marys”). In the other you have those who will be spending the evening punishing themselves and telling anyone who calls, “I don’t deserve to have fun.” Read more »
Julian Robertson Likes Mitt Romney So Much He’s Considering Letting The Governor Take Over The Number 1 Spot On Speed Dial
By Bess Levin
A slot previously held by a certain Home Depot founder who’d better step his shit up next time he’s on CNBC. Read more »
And did! (Next time think about throwing in a tutorial on beating The Man at his own game and some tales from the crypt to sweeten the deal.) Read more »
As you may have heard, over the weekend, Denmark introduced a tax on fat. The measure is aimed at “increasing the average life expectancy of Danes” but obviously it’ll make the country a little extra coin, too. Great for them, not so great for hedge fund manager Julian Robertson, who had to sit at home steaming over the fact that his idea had been stolen. For those who supposedly don’t remember what we’re talking about, perhaps this quote will jog your memory?
“I would love to be the Obesity Czar.” Read more »
Julian Robertson: The US Would Rather Get Drunk On Egg Nog Than Solve Its Money Troubles
By Bess Levin
Looking at the US economy, Mr Robertson said: “We are broke, broker than all get out…We prefer to put on the Santa Claus suit and celebrate Christmas” rather than address underlying problems in the US economy such as the budget deficit. [Australian via BI]
Julian Robertson Did Not Pay A Horse-Drawn Carriage 10 G’s To Take Him Home To Long Island One Night So He Could Pay NYC Taxes
By Bess Levin
For the young whippersnappers just getting started on Wall Street, and even for the veterans, legendary investor Julian Robertson has a lot of wisdom to impart. His sagely advice today, however, is not about how to navigate the markets, per se. It’s about pinching a penny and not letting the state of New York make you its bitch. Read more »
If Tiger Global bought an approximate 3 percent stake in 2009. In related news, TG-seeder Julian Robertson has made at least $50 off his MySpace bet. [BI]
Absolute Return reports that Shumway Capital Partners will be allowed to submit redemption requests until December 3, due to a restructuring that will see founder/Tiger Cub Chris Shumway handing over the role of CIO to Tom Wilcox (Shumway will become CEO). The $8 billion firm’s flagship, SCP Atlantic, was down 3.55% through Septemeber. [AR]
We haven’t chronicled a food eating challenge in a while but in honor of Julian Robertson’s recently announced bid for the yet uncreated role of Obesity Czar, it’s only fitting we do so today. Although neither the volume nor the time allotment are in anyway difficult (50 items, 45 minutes) but the concept (the challenger must alternate Chicken McNuggets with Munchkins) appears somewhat disgusting. And, it’s Robertson-approved, as it would make him a decent amount of coin based on his proposed “fat tax” and “sugar tax.” Here what we know about he participant: Read more »
At this point in his life, no one would fault Julian Robertson for not starting another career. He’s already had an arguably pretty successful one as a hedge fund manager, in addition to his work rearing the Tiger Cubs, to say nothing of his wine business. Still, he’s always had a dream gig and today he shared it with Erin Burnett on CNBC. “I would love to be the Obesity Czar,” Robertson said. Read more »
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You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
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1. She Isn’t Certified
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SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
We recognized early on that borrowers who have made timely payments on their loans, graduated from school, and have a job should be able to refinance their student loans at a lower interest rate. This may be why, after resuming lending by invitation, the media became increasingly interested in what we are doing.
In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products: Read more »
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