They said it would never happen. Said they couldn’t do it. Said there wasn’t even a point in trying. Laughed at the prospect. Scoffed at the mere thought. Jeered at them in the City. Snickered about their pipe dreams in the pub. Shouted, “Come on now, mate, just give up already.”
Yes, tje jury has been selected for a trial against the guy who is alleged to have orchestrated “the most lucrative insider trading scheme ever,” AKA his former employee, Mathew Martoma. Yes, Frontline just aired a special on him that was not exactly flattering. Yes, he just had to slash the price of his Manhattan penthouse to $98 million from $115 million. Yes, his ex-wife is still alive. But thanks to a li’l company Intercept Pharmaceuticals Inc, he just scored himself 200 million pick-me-ups. Read more »
The latest issue of Bloomberg Markets magazine has the answer to that burning question but first, let’s take a gander at who had the best performance, among large hedge funds.
Congratulations to all for jobs very well done. Unfortunately, with the exception of Bridgewater, none of the above made the sort of money that would qualify them for a spot on the most profitable list, which must be a kick in the pants. Here are the funds that did, which may have had something– not all just something– to do with a little thing that starts with a ‘char’ ends with a ‘ging a fuckton of fees.’ Read more »