so that’s something

  • 12 Aug 2014 at 3:15 PM

Vascular Biogenics Will Show Itself Out

Forget about what you thought you heard about an IPO. There was no IPO. Read more »

Remember Frank Perkins Hixon Jr? Former Evercore managing director charged with securities fraud (and lying to the FBI!) after he opened up brokerage accounts in his ex-mistress’s and father’s names and then did a little insider trading in them to the tune of $700,000 in ill-gotten gains? Told a judge that he did it in order to stay connected with Destiny Wind Robinson, with whom he fathered a child, as she would not accept cash but was okay with investment ideas? A judge has sentenced him to two-and-a-half years, which would’ve been longer had it not been for the other woman in his life (AKA his wife) asking for leniency on his behalf. Read more »

But Goldman Sachs says it’s okay. Read more »

There is much to take in, but if I could point you in the direction of one thing, it’d be the guy air guitaring with his laptop at 2:50. Read more »

Bob Gross The Cat, who rose to prominence as an honorary CIO of the world’s biggest bond firm and had the uncommon intellectual capability to understand when her owner was on television, died last week. She was 14 years old. Bob is survived by her loving masters, Bill and Sue. Read more »


[via @cgasparino, earlier]

  • 25 Oct 2013 at 3:12 PM

Mike Novogratz Thinks Bitcoin Is Great

Financial advisers who gathered in New York to hear leaders of the asset management industry impart their best investment ideas for the year ahead were given a surprising tip by one prominent hedge fund manager: Bitcoin. Michael Novogratz, co-chief investment officer of macro funds at the $55bn Fortress Investment Group, used a panel discussion on the prospects for emerging markets to trumpet the much-hyped digital currency, which he said could be used as a cheaper way of transferring money in countries with weak banking systems. Even if that did not come to pass, he said, there could be money to be made from a Bitcoin bubble along the way. Speaking after his appearance at the UBS Wealth Management CIO Global Forum in New York, Mr Novogratz said that he and another Fortress colleague had taken personal positions in the yo-yoing currency three months ago. Fortress itself looked at the idea. The market capitalisation of the entire stock of Bitcoin in existence is $2.2bn, and Fortress decided it was too speculative an investment for its own funds. [FT]