Write-Offs: 2.27.15

Herbalife beats expectations; Hedge fund manager takes on prosecutor; Singer puts his foot up Argentina's ass; iPhone causes third degree burn; AND MORE.
Author:
Updated:
Original:

Related

Write-Offs: 10.23.12

$$$ Facebook Posts Loss, But Emphasizes Mobile Growth $$$ LightSquared Executives Get $6 Million in Bonuses Approved by Judge [Deal Journal] $$$ Bernanke QE3 Stocks Miss Greenspan Irrational Exuberance [Bloomberg] $$$ ‘I’m Quite Concerned About Fiscal Cliff’: Greenspan [CNBC] $$$ Argentina won't kneel down before 'vulture funds,' says Cabinet Chief [BA Herald] $$$ Gupta is no Rajaratnam. Gupta tipped inside information about one company to Rajaratnam, while Rajaratnam traded on confidential information collected from many sources. So you’d expect that Gupta would be treated differently when he appears for sentencing. Federal sentencing guidelines, however, suggest a prison term for him that’s similar in length to the 11 years Rajaratnam is serving. And prosecutors want a sentence within those guidelines, just as they want for the hundreds of defendants sentenced in federal courts nationwide every day. Because what Gupta and Rajaratnam did is so different, though, sentencing Gupta to anything like the time Rajaratnam is serving undermines the whole purpose of the sentencing scheme that prosecutors say they want to uphold. [Slate] $$$ For several years now, Marc Lasry, the co-founder of Avenue Capital, has decorated his mansion on East 74th Street with bloodied bodies hanging from the balcony, skeleton heads, a giant inflatable ghost, swinging bats and a life-size, clothed skeleton affixed to a tree on the sidewalk. One afternoon last week, tourists and children gathered to take pictures of a dancing skeleton beside the front door. It was singing “Super Freak.” (Perhaps in the spirit of competition, the hedge fund manager Philip A. Falcone and his wife, Lisa Maria, have lavishly decorated the exterior of their 27,525-square-foot house on East 67th Street even though it is currently a construction site.) [NYT via BI] $$$ Adveq, a leading asset manager investing in private equity and real asset funds globally, is looking for an investor relations and development representative for North America [DBCC] $$$ Former Soros CIO nears launch of Anderson Global Macro early next year [AR] $$$ Wall Street Is Rethinking Commodity-Trading Role [WSJ] $$$ This is a story about LBO companies getting equity financing from long-only investors to pay down debt to manageable levels before an IPO [Term Sheet] $$$ This is a story about a management consultant who is also a self-published poet [BBW] $$$ "My wife ... penetrated to the heart of the debate in a single sentence tonight when, only about 15 minutes into the exchange, she observed: 'Romney’s flag pin is much larger than Obama’s flag pin.'" [NR] $$$ Obama Takes Out Romney With Mid-Debate Drone Attack [The Onion] $$$ NYC-Based Soup Chain Offers Free Cup of Soup, Personal Service from a ‘Cunt’ Named Mary [Gawker]

Write-Offs: 4.18.16

BlackRock downgrades outlook on U.S. assets; Argentina is back in the international bond markets; Moms spend thousands on cosmetic surgery to get Coachella-ready; and more.

Write-Offs: 2.26.15

Bond crisis coming; Herbalife's "come back"; "Is Business School Gutting the Economy?"; Edible coffee cups; Llamas; Owls.

Write-Offs: 7.29.15

Help Greece by drinking; Gold in for a world of pain; Judge says Herbalife is not a pyramid scheme; "Man Caught Having Sex With A Bush"; and more.

Write-Offs: 5.25.16

Facebook is hedge funds' new tech darling; Yes, there is a company named Big Ass Solutions; Meet Britain's hidden community of men who role-play as dogs; and more.

Write-Offs: 5.24.16

Chart alleges ENORMOUS pay for traders at Bank of America Merrill Lynch; Herbalife reaches preliminary settlement with FTC; Casey Anthony allegedly paid her lawyer with sex; and more.

Write-Offs: 01.04.13

$$$ Hedge fund chief Einhorn disappoints, Loeb has big 2012 [Reuters] $$$ JPMorgan Faces Sanction for Withholding Madoff Documents [Bloomberg] $$$ Ackman's Herbalife thesis: someone from the government will help poor people and billionaire hedge fund managers ... [Bronte Capital] $$$ Connections are key for the careers of male Wall Street analysts. For females, it’s education and forecast accuracy [AEI] $$$ Tom Wolfe: "Up until 2006 a spirit of manly daring had pervaded Wall Street’s investment bankers" but apparently not any more [Newsweek] $$$ ‘Teens’ Caught Egging Suburban Home Turn Out to Be Off-Duty Police Officers [Gawker] $$$ Mosaic Financial Markets is looking for a capital markets business analyst in New York [DBCC] $$$ You should buy a lot of Turkish stocks because they're guaranteed to go up! [Bloomberg, FTAV] $$$ New rule could turn U.S. hedge funds into informers on fraud [Reuters] $$$ Cerberus Close to Supervalu Deal [WSJ] $$$ How the World Has Changed [Alea] $$$ Historical Echoes: The Origins of the Piggy Bank [NY Fed] $$$ Finally, the Accessory We’ve Been Waiting For: A Wearable Cat Tail That Wags In Response to Your Heartbeat [Fashionista]