Tags: Hedge Funds, insider-trading, names, Point72 Asset Management, SAC Capital, the hedge fund formerly known as SAC Capital
As you’ve probably heard by now, the upper echelons of SAC Capital management have selected a new name for the firm and its sub-units as part of an effort to close the insider trading/government cavity search chapter of its history and begin anew (next month). They’ve gone with Point72 Asset Management, inspired by the firm’s Stamford address (72 Cummings Point Road) and honestly? We’re not loving it. What was once a name that evoked confidence, excitement, and yes, fear, all in equal measures, now brings to mind a Kia. What could have been “King of Diamonds Capital Management” is now directions once you get off 95.
There is, however, a small glimmer of hope, buried beneath Point72 and EverPoint and all of the other points and the off brand “Cubist Systematic Strategies.”1 To his secretive2 “personal investments,” the great man will continue to lend his name. Read more »
Tags: Hedge Funds, I don't know if I can do this, it's all just happening so fast, names, reader polls, SAC Capital, Steve Cohen
Over at the Journal today you will find a highly disturbing report: as the firm begins the process of converting into a family office, “SAC, which took the initials of its founder, Steven A.Cohen, has also had internal discussions about whether to change its name, in part to forge a new identity following its legal battles.” Read more »
Tags: Art Cashin is full of ideas, Chuck Schumer, names, NYSE, Thunderbird, Thundercats, What's the word? / Thunderbird / How's it sold? / Good and cold / What's the jive? / Bird's alive / What's the price? / Thirty twice
As we have previously discussed, the renaming of the NYSE, post Deutsche Börse merger, is a delicate dance in which lots of people must be made happy. Though the Germans will own 60 percent of the company, many in New York are preemptively apoplectic over the notion of DB getting top billing. Chuck Schumer, for instance, has stated that he will handcuff himself to Maria Bartiromo’s desk in the event his town doesn’t come first (a threat NYSE chief exec Duncan Niederauer took seriously, by stating “DB NYSE” will not be an option). What to do? Hire a special task force and give everyone who wants it an opportunity to put in his/her two cents. Read more »
Tags: Hedge Funds, names, Pappajohn Capital Partners, pizza, redemptions paid in 30 minutes or less
Again, just something I thought you should know. Apparently we need to start keeping a list of all the good names that are already taken.
Tags: Hedge Funds, misfit barbarians, names
I just thought you should know that. To those of you who had your heart set on using that very name for your own shop, I’m sorry. Back to the drawing board. Read more »
Tags: Chuck Schumer, dealbreakers, Deutsche Boerse, mergers, names, NYSE
Senator Chuck Schumer just appeared on CNBC to discuss the Deutsche Boerse and NYSE Euronext deal. His thoughts? He likes it, assuming the New York name comes first, otherwise he’s going to handcuff himself to Maria Bartiromo’s desk until it happens. Read more »