sighs of relief

  • cosmopolitan

    News

    Deutsche Bank Finally Rids Itself Of 600,000 Square Foot Albatross Around Its Neck

    Blackstone has agreed to buy the Cosmopolitan of Las Vegas, Deutsche Bank’s $4 billion dollar mistake. The private equity firm will pay $1.73 billion to acquire an establishment that Deutsche top executives have refused to be associated with; people go to not gamble; and in five years has never turned a profit. For those who […]

    / May 15, 2014 at 3:15 PM
  • stamfordparade

    News

    You Can Take Away Steven A. Cohen’s Ability To Manage Outside Money But You’ll Never Take Away His Giant Balloon Inflation Party

    Earlier today, SAC Capital pleaded guilty to insider trading, agreeing to pay $1.8 billion, the largest fine ever, for such a crime. While the settlement presumably gave some level of comfort to Cohen, who it is unlikely will face jail time, uncertainty about the future still plagues the hedge fund and its founder. In addition […]

    / Nov 4, 2013 at 4:56 PM
  • dick-bove

    News

    God Smiles On Rafferty Capital

    Noted bank analyst Dick Bove is joining New York-based brokerage firm Rafferty Capital Markets LLC. Bove said Wednesday he will begin publishing research again in about a month…Bove said he moved to Rafferty because the firm doesn’t have an asset management or investment banking branch. “I really wanted to do pure research and nothing else. […]

    / Dec 19, 2012 at 1:05 PM
  • News

    Your Lloyd Will Never Leave You!

    Back in February, a disturbing report was published claiming that Lloyd Blankfein had plans to step down from his position as CEO of Goldman Sachs “as early as this summer.” The idea of a world without Blankfein’s sass, twinkle, street roots, and I-am-unable-to-hold-back-exactly-what-I-think-of-what-you’re-saying-via-the-expression-on-my-face face was more than a little unpalatable and extremely tough to take. Luckily, we don’t have to. Appearing on CNBC earlier today, Lloyd told Gary Kaminksy that 1) former employee Greg Smith never brought up any of his gripes in 360 reviews and 2) he’s not going anywhere.

    “I have no plans to leave,” Mr. Blankfein said Wednesday, while insisting that his board has never suggested he step down…[as for] Mr. Cohn, a long-time deputy of Mr. Blankfein who is widely touted as his possible successor, Mr. Blankfein said the board has a list of possible CEOs in mind “including, but not limited to, Gary.”

    LB also noted that the major mistake made by Goldman running up to the financial crisis was working with les incompetents. “The biggest threat to Goldman—the existential threat—was the poor performance and bad risk management by some competitors with who we have business relationships,” he said.

    Goldman CEO: I’m Not Leaving [Crain’s]
    Goldman Sachs CEO: ‘We haven’t gotten everything right’ [Video]

    / Apr 25, 2012 at 1:45 PM
  • News

    PIMCO Pantry’s Supply Of Gourmet Popcorn In The Garbage Can-Sized Tins Will Live To See Another Day

    Bill Gross’s Pimco Total Return Fund, the world’s biggest mutual fund, attracted $231 million in investor deposits in January as performance rebounded. The new money ended three straight months of redemptions from Pimco Total Return, according to data compiled by Chicago- based Morningstar Inc. Investors pulled about $3 billion from the fund in the three […]

    / Feb 7, 2012 at 6:47 PM
  • News

    Hedge Fund Managers Free To Break Bread While Plotting To Take Down Whichever Currency They Fancy

    Back in February, the Wall Street Journal printed an article about a hedge fund “idea dinner,” more than insinuating that a bunch of representatives from Soros, SAC, Greenlight and Paulson and Co got together to enjoy a meal of food while scheming re: how they were going to take down the Euro. This was uncool […]

    / Aug 20, 2010 at 4:20 PM

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