• Ace Greenberg


    Bear Stearns Exec Who Straddled World Of Wall Street And Magicianry Is No Longer

    As you’ve probably heard by now, Alan “Ace” Greenberg, former Chairman and CEO of Bear Stearns, who was later named “vice chairman emeritus” of JP Morgan, died today at the age of 86. While he paid the bills with his finance gig, his true passion was magic. On this day, let us remember some favorite […]

    / Jul 25, 2014 at 2:58 PM
  • acegreeberg


    Former Bear Stearns Chairman Ace Greenberg Came Up With The Idea For The New Yorker Pickpocket Profile, Holds Monthly “Gatherings” For The World’s Foremost Magicians

    Perhaps, some of you thought, that as he pushes 90, former Bear Stearns Chairman and CEO Alan “Ace” Greenberg would slow down a bit, as people his age tend to do. Retiring from his job at JPMorgan seemed unlikely– he’s only 85, after all– but maybe he’d dial back his time on the magic circuit. Perform old tricks for colleagues, strangers, and friends, rather than new. Just generally not stay up to date on the latest trends in magicianry. Luckily, these baseless assumptions could not be further from the truth. In fact, Ace is sharper than ever, routinely humiliating those half (and even one-sixth) his age while teaching them the ropes in an alley behind JPM HQ. How does he do it? By keeping himself engaged with the upper echelons of the magic community, for whom he hosts a regular salon d’enchantment each month.

    / Jan 23, 2013 at 11:55 AM
  • News

    FOMC Minutes Out

    FOMC members were split on balancing the potential need for more monetary stimulus against inflation fears, with most members viewing current inflation levels as temporary and driven by energy prices. The minutes sum up the debate on additional easing:

    / Jul 12, 2011 at 3:01 PM
  • News

    Hedge Fund Manager Eric Rosenfeld’s Children’s Book About Asses Also Has An Economics Lesson Found Within

    Yesterday we discussed Mrs. Buttkiss, the story of a woman with a “huge” ass, a dirty little secret, and what happens one day when she lets it out in the fruit aisle of a grocery store. Mrs. Buttkiss and The Big Surprise isn’t just any old children’s book about asses but one conceived of by […]

    / Apr 8, 2010 at 12:30 PM
  • News

    Hedge Fund Manager Eric Rosenfeld Wants To Tell Your Kids A Story About Asses

    When you’re a big time hedge fund manager, it’s important to have outlets through which to blow off the stress of the markets. Some buy art. Some play golf. Others fuck hookers. A very small group write books, usually related to what they do all day. Crescendo Partners founder Eric Rosenfeld knew he wanted to […]

    / Apr 7, 2010 at 12:00 PM
  • News

    Ace Greenberg Has Kept In Touch With Most But Not All Former Bear Execs

    Hint: the one he hasn’t been trading emails with is the guy who tried to sell you some schwag in the alley behind 383 yesterday during lunch. Also,

    / Mar 16, 2010 at 12:28 PM
  • News

    Steve On Steve: The Most Magical Night Of ALL TIME

    A few weeks ago I told you to mark your calendars for the social event of the year. At the time I said it was the SAC Capital Giant Balloon Inflation Party. I lied. The balloon blowing is still going on (this Saturday in fact) but it is not the extravaganza you need to drop […]

    / Nov 20, 2009 at 12:40 PM
  • News

    Good Luck Charms The Engine That Drove Galleon Group?

    Outsiders probably think in-depth research and a top notch ability to get information first was the “edge” that Galleon “pressured” traders and analysts to go after in their pursuit of big returns but based on the outbursts of one of the firm’s top employees? Kinda sounds like the fund was also keenly aware of the […]

    / Oct 19, 2009 at 11:25 AM
  • News

    The “Wizards” of Short Selling

    Someone at BusinessWeek recently decided that short sellers are hot, and something should be done to acknowledge that hotness beyond staring into the dreamy eyes of (a picture of) David EinPorn and self-gratifying. But it’s hard to write an article with only one hand so they went with a slideshow instead. It’s called “The Wizards […]

    / Jul 3, 2008 at 11:26 AM
  • News

    Bear Stearns Rips Off Another Customer

    But this time it’s serious. ‘Member those sweet limited edition BSC playing cards we told you about the other day? Commemorating Ace Greenberg’s March 8, 1999 50th anniversary with the firm? Bearing his face and money shot of the trademark bowtie? Ringing any bells? Anyway, it was the absolute best piece of Bear memorabilia on […]

    / Jun 27, 2008 at 10:12 AM
  • News

    Bear Stearns: What Can We Do To Show Everyone We Mean Business?

    A little book of magic from our wiccan CEO.

    / Jun 25, 2008 at 12:52 PM

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