October 23, 2021
Updated:
Original:

Write-Offs: 5.6.15

Gross takes a hit; Point72 hires ex-prosecutor; How the top 10 hedge fund managers spend their money (on politics); "Decathlete uses javelin to pull daughter's tooth"; and more.
Author:

$$$Navinder Sarao’s ‘Flash Crash’ Case Highlights Problem of ‘Spoofing’ in Complex Markets [WSJ]

$$$The Top 10 Hedge Fund Managers, and How They Spend Their Money on Politics [The Upshot]

$$$Point72 Hires Ex-Prosecutor as General Counsel [Dealbook]

$$$Hedge funds eye Florida's 'New Manhattan' [CNBC / Lawrence Delevingne]

$$$Gross’s Fund Takes a Hit [WSJ]

$$$Testicle-Biting Cop Arrested In Baltimore, Police Say [HP]

$$$JPMorgan probed over role in French tax evasion case [Reuters]

$$$Blackstone and KKR join race for GE unit [FT]

$$$Decathlete uses javelin to pull daughter's tooth [UPI]

Related

Write-Offs

Write-Offs: 3.11.16

Cohen's Point72 hires sports psychologist as 'performance coach'; A hedge fund queen is getting it done; Waiter Causes Steakhouse Nightmare by Accidentally Stabbing Customer; and more.

Write-Offs

Write-Offs: 09.27.12

$$$ Banks’ M&A earnings drop to Lehman low [FT] $$$ Spain's crisis budget aims at spending cuts not tax rises [Reuters] $$$ There isn't really a Spanish deposit flight [FTAV] $$$ SEC Charges Investment Bank Analyst with Illegally Tipping College Friend About Nonpublic Merger Deals [SEC] $$$ Lawyer for Ex-Goldman Programmer Criticizes Prosecutors and Firm [DealBook] $$$ "Hedge Fund Pivot Joins BTG to Defy Bacon’s Investment Desert" is a real Bloomberg headline [Bloomberg] $$$ Canada cheese-smuggling ring busted [BBC] $$$ TCW is looking for a credit analyst in LA [DBCC] $$$ RIM's Earnings Beat Expectations; Shares Up 16% [WSJ] $$$ Geithner Urges an Overhaul of Rules on Money Market Funds [DealBook] $$$ SEC’s Gallagher Calls for Floating Price for Money Market Funds [Bloomberg] $$$ Mortgage rates are at all-time lows [CR] $$$ Houses on "Places" cost more than houses on "Streets" [Atlantic Cities] $$$ This happened [Twitter]

Write-Offs

Write-Offs: 08.14.12

$$$ Euro Zone Economy Shrinks, Darkening Outlook [WSJ] $$$ Greece seeks two-year austerity extension [FT] $$$ Knight Upgrade Triggered Old Trading System, Big Losses [WSJ] $$$ Goldman executives win dismissal of mortgage, TARP lawsuit [Reuters] $$$ Reservoir poised to seed ex-Goldman trader Buck Ratchford with $200M+ [AR-Alpha, related] $$$ You should really be drinking more at work [Economist] $$$ United Airlines Lost My Friend's 10 Year Old Daughter And Didn't Care [Bob Sutton] $$$ A Chicago hedge fund is looking for a senior quantitative strategist to develop commodity futures high frequency trading strategies [DBCC] $$$ In Ski-Resort Bankruptcy, FDIC Tries Role of Lender [WSJ] $$$ Steve Cohen, George Soros Purchased Facebook Shares [Deal Journal] $$$ Rakoff better able to review SEC-Citigroup pact [Reuters] $$$ BATS Proposes Plan to Offer Discounts on Retail Orders [Reuters] $$$ Biden Says Romney Would Put Middle Class ‘Back In Chains’ [Bloomberg] $$$ The head of Hungary's far-right anti-Semitic party found out he's Jewish [AP]

Write-Offs

Write-Offs: 10.20.15

JP Morgan to spin off private equity unit; Best business schools of 2015; Analyst says Apple TV could be a hit...someday; "County cop charged in testicle-biting incident no longer with department"; and more.

Write-Offs

Write-Offs: 09.28.12

$$$ Spain Banks Have $76 Billion Capital Deficit in Stress Test [Bloomberg] $$$ How Bernanke Pulled the Fed His Way [WSJ] $$$ The economics of video games [Wonkblog] $$$ Scaramucci Picking Singapore Shows City as Hot Spot [Bloomberg] $$$ "SocGen’s Alberts concedes that his writing can be 'pretty insane' and his market timing 'unerringly inaccurate.'" CNBC's headline is "Bernanke’s ‘Ruinous’ QE Will Lead to Rapid Inflation: SocGen’s Albert Edwards" [CNBC] $$$ 'Cocaine For Snowblindness': What Polar Explorers Packed For First Aid [NPR] $$$ AIG is looking for a credit analyst in New York [DBCC] $$$ Mortgage lending should provide a tailwind to bank earnings [Reuters] $$$ Ex-analyst at unit of Cohen's SAC Capital admits insider trading [Reuters] $$$ Global regulators follow UK’s Libor lead [FT] $$$ What Your Beer Says About Your Politics [Hotline] $$$ From King’s Daughter to Lowly Fishmonger: Lisa Marie Presley Is Selling Fish and Chips out of the Back of a Van [Gawker]

Write-Offs

Write-Offs: 07.18.12

$$$ Behind Credit Default Swaps Market, a Cartel Left Open to Collusion [Dealbook] $$$ Jim Chanos: Hewlett Packard Is 'Ultimate Value Trap' [CNBC] $$$ Ackman Takes Activist Stance on P&G [CNBC] $$$ Goldman CEO Blankfein Said To Meet With Obama Adviser Lew [Bloomberg] $$$ Racketeering Charges Filed in Hedge Fund Divorce [NYO] $$$ Banker Tattoos [BuzzFeed] $$$ ...every so often, Ackman and his wife whirl through their Rolodexes and invite their unattached friends to come on over to their place and spend a few hours meeting other singles. In this day and age of internet dating, the Ackmans like to give that stressful process a personal touch. And last night was one of those nights when the man who runs $10 billion Pershing Square Capital Management and his wife Karen, who trained as a landscape architect, threw open the doors and hoped for the best. While no officials statistics have been kept, people who have attended the events say plenty of people have found their mates here. At this week’s event? Roughly 200 people attended, according to someone who was there. [Reuters, earlier] $$$ "Dozens of traffic signs have been destroyed by prostitutes performing pole-dances in the street to attract clients, officials in New Zealand's biggest city have revealed." [Telegraph] $$$ Charlie Gasparino: U.S. Insider Trading Investigation Winding Down (Maybe) [FBN] $$$ Ex-JPMorgan Banker Admits Role in Muni Bid-Rigging Scheme [Reuters] $$$ Paulson, Rubin Warn on Dangers of 'Fiscal Cliff' [CNBC] $$$ WWII Shipwreck Yields $38 Million of Silver From Atlantic [Bloomberg] $$$ High school kid accused of running in a potential $3 million marijuana ring. [CP]

Write-Offs

Write-Offs: 03.01.12

$$$ Eurozone delays Athens rescue funds [FT] $$$ Loans to Banks Cool Debt Crisis [WSJ] $$$ European Leaders Challenged by Rise in Joblessness [NYT] $$$ An explanation of that Barclays tax trade, with cartoons [FTAV] $$$ Sofa King can no longer advertise prices that are "Sofa King low" in the UK [Language Log] $$$ Mitt Romney has worn a garbage bag for rain gear $$$ Fed's Dilemma: Markets Want Both Growth—And Stimulus [CNBC] $$$ Facebook seeking bigger credit line [Reuters] $$$ Unlike other types of complex financial transactions, insider trading prosecutions usually do not require jurors to develop sophisticated knowledge of the financial markets or securities valuation. There is not a statutory definition establishing its parameters, so it can be applied to a wide variety of transactions, and the crime does not have complicated requirements for proving a violation. Prosecutors are cracking down on insider trading because there's no law telling people what's illegal and unsophisticated jurors will convict [DealBook] $$$ Oprah's Book Club makes people read less [MR] $$$ The personal assistant of Paris Hilton's sister's hedge funder ex-husband Todd Meister was maybe dating him while she was stealing $1mm from him, or something like that [NYP]

Write-Offs

Write-Offs: 10.18.12

$$$ Google Shares Fall on Premature Earnings [WSJ] $$$ Google and the send button ... [footnoted] $$$ "To be fair, we released our earnings yesterday afternoon on Google Plus." [@PendingLarry via Deal Journal] $$$ Smallest Stock Traders Hardest Hit as Commissions Decline [Bloomberg] $$$ Blackstone Swings to Profit of $622 Million in 3rd Quarter [DealBook] $$$ "Americans who say they work 75 hours a week tend to be exaggerating by 25 hours." [Qz] $$$ BlackRock is looking for a Sales Training Program Manager for their iShares division in San Francisco [DBCC] $$$ Sprint Nextel assumes majority stake in Clearwire [Reuters] $$$ In Insider Trading Case, Drawing In David Ganek [DealBook] $$$ Ex-GE Bankers Jailed in Rigged Muni Bond Case [CNBC] $$$ William Cohan on Greg Smith: "He conned Grand Central Publishing, which paid him a reported $1.5 million for his 'tell-all' book about how the culture at Goldman Sachs had deteriorated during his 12-year tenure into something he no longer recognized, when really Goldman has always been a stinging scorpion. (Disclosure: my wife is the editor-in-chief of Grand Central Publishing, although she had nothing to do with editing Smith's book, and neither of us has read it.)" [Bloomberg] $$$ Republicans Pulling Money Out of Soup Kitchen Where Paul Ryan Pretended to Wash Dishes [DI]