After a good first half, Citadel is getting so close to its high-water mark that Ken Griffin is starting to reminisce about the good old days when he used to earn performance fees. That in turn reminds him of what else he was up to back in those care-free pre-crash times, like sinking $2.5 billion into an online brokerage saddled with a disastrous mortgage lending operation in November 2007.
And so today he decided to catch up with E*Trade Financial, where he’s the largest shareholder after leading a rescue in 2007. But what started as a nice note to the CEO quickly turned ugly.
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According to the 3,000 word email written by the ex-customer, RIM can kiss his $120/month good-bye. Read more »
Not really enough to get upset or even mildly perturbed over, though in a letter to investors today re: the Chinese company, Paulson did note that “as the largest investors in the Paulson Advantage strategy,” the disappointment in the lack of trees is shared by the Paulson partners. Read more »
The senator wants to be kept in the loop re any ‘suspicious trading’ at SAC Capital (he doesn’t know of any, but in case anything comes up in the files) and also has questions just generally about what life is like there. Read more »
When discussing the horrible tragedy this afternoon, please, remember to give Gartman credit. Here’s what he wrote in a note today: Read more »
In a letter sent this week, hedge fund manager (and former co-head of proprietary currency trading at Goldman Sachs) Christian Siva-Jothy informed investors that he would be shutting down his firm, SemperMacro, due to poor performance (the fund is down 2.3 percent year to date, and lost 8.7 percent in 2010 and 27 percent in 2009). He also made some truly disturbing statements. Read more »
Shout out to the Doctor in John Paulson’s year-end letter to investors. Read more »
Robert G. Burton is the chairman and CEO of Greenwich-based Burton Capital Management. Over the years he’s donated more than $7 million to the school’s football program, including a $2.5 million gift for the Burton Family Football Complex. Now Burton wants that money back and his name taken off the building. He’s extremely miffed and in a letter to athletic director Jeff Hathaway– the object of Burton’s ire– he outlined why. Read more »
Ladies, do yourselves a favor and pick up a book called He’s Just Not That Into You. Not to be blunt but the President doesn’t care about you; get that through your heads and move on! You deserve so much more. The sooner you realize that the sooner you can open yourself up to meeting a man that treats you right.
From: Daniel Loeb
Subject: Holiday Gift
Dear Friends/battered wives:
It is that time of year and I just thought of the perfect gift in light of some of you. In case the President’s hostage rant wasn’t enough to turn you off, I thought I’d buy any of you a great book for gals who just keep on pursuing the wrong guy. Made popular on Oprah a few years back, “He’s Just Not That Into You” seems like the perfect holiday stocking stuffer for true blue Democrats who just can’t get enough of our President’s smack downs on hard working successful Americans known as “the 2%”
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