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RenTech’s Tax Plans Again Prove Too Clever
Soaking the Medallion-holding has become an annual event.
Thing That Was Never Going To Happen Is Not Going To Happen
The carried-interest loophole lives! The Democrats’ climate-tax compromise maybe not so much.
Hedge Fund Manager Wants To Know How He Can Be Guilty Of Violating Rules That Were Impossible To Understand
The Platinum Partners saga keeps giving and giving.
Bill Ackman Takes Bold Position That He Should Pay More In Taxes
The people’s hedge-fund manager has had it with the carried-interest loophole.
Hedge Fund Manager Knows Ukraine’s Dealing With Some Sh*t Right Now, Is Suing It Anyway
As far as Richard Deitz is concerned, there’s not point in having the Ukrainians defeat the Russians if he can’t have his money back now.
We Regret To Inform You There’s Another Deal To Put And End To The Carried Interest Loophole
And regret even more to acknowledge it’s got about as much chance as every other bid to kill it.
At Least Bill Hwang Saved Some Souls
Because that’s about all his former employees have left in absence of their deferred comp.
Ken Griffin To Spend More Time Working On His Tan
Being unable to buy a second Illinois governor proves too much for Florida’s newly-minted third-richest man.
Ex-Citadel COVID Scammer’s Lockdown Extended By Four Years
And relocated to bucolic, barbed-wired surroundings.
‘Actually, On Reflection, We’d Rather Not Block Trade With You’
Bank of America, Citibank move to reduce future block-trading fines.
Ken Griffin Still Pretending There’s A Chance Citadel Won’t Move To Miami
All Chicago needs to do to keep Ken & co. is change everything about itself right away.
Always Have A Better Plan B Than Asking To Go To The Bathroom And Just Not Coming Back
Because the SEC and Justice Department? Yea, they’re gonna come back.
Allianz Admits To Some Light Securities Fraud
Of course all agree that the real bad guys were the Allianz employees Allianz singularly failed to supervise.
Inflation Forcing Hedge Fund Manager’s Wife To Iron Own Clothes, Use More Cabs, Shop At Farmers’ Market
Well, inflation and a lavish renovation of her new house.
Point72 Employees Eager To Get Yelled At For Messing Up Two Jobs
And the New York Mets are all the better for it.
Hedge Fund Exec Knocked Up Employee, Allegedly Took Her On A Nice Vacation On The Company’s Dime, Still Wants Huge Severance Package
And there’s also more about his package.
Ripping Off Your Fellow Creditors Disqualifies You From Bankruptcy Committees And Maybe From Running A Hedge Fund, But Not From Being A Lawyer
Six months’ suspension for six months in jail, apparently.
Bill Hwang’s Bullets Eventually Ricocheted On Him
But the Archegos chief believed in himself until the very end.
Bankruptcy Judge Not Inclined To Give Guy Lying About Being Broke For Years The Benefit Of The Doubt
Dov Charney’s courtroom calamities continue.
Prosecutors Pretty Sure You Can’t Lose Your Banks $10 Billion Legally
Which is bad news for Bill Hwang and the Archegos crew.
Gabe Plotkin Backtracking On Fee Reset Faster Than He’s Losing Money
Actually, yea, that was a really stupid idea. Totally. Just, like, forget about it and stuff.
Gabe Plotkin Wants A Mulligan
And he’d like the people half of whose money he’s lost to pay for it.
If Only GWG Holdings Had Been Selling Bonds Linked To Its Own Life Insurance Policy
Then its elderly investors would be fine. As it happens, however….
You Say ‘Terrible Error In Judgment,’ Prosecutors Say ‘Ripped Off Investors For More Than A Decade’
The judge says: “12 years in jail.”
Judge Wants Sears To Die Before He Does
Preferably, before he retires this summer, even.
Crispin Odey, Gabe Plotkin Going In Very Different Directions
Investors with either of them are still in the red, but only one is still stockpiling scarlet ink.
Ken Griffin Would Have Handled This Whole Russia Thing Differently
But thanks for the soccer team, he guesses.
Carl Icahn Takes His Bacon Battle To The Supermarket Aisle
And now that he’s looking at Kroger, he sees something else he doesn’t like.
Bill Ackman To Stop Doing Thing He Hasn’t Done In Years
You won’t be seeing any future Herbalife-like crusades from Pershing Square anymore.
Justice Department Maybe Wondering Whether 45% Returns Might Not Be The Proof It Needs That Short-Selling Is Insider Trading
And it’s not afraid to go to Canada to find it.
Soccer (Ownership) World Cup Draws Paul Singer Against Ken Griffin
Who’s willing to do what it takes to buy a marquee team from a disgraced Russian oligarch?
Columbia Law School Embroiled In Short Sales Kerfuffle
A good old-fashioned tenure fight.
When Being One Of—If Not The—First Call A Banker Makes Is Not Such A Great Thing
It’s when bragging about it becomes Exhibit A.
Man Who Claims He’s Been Broke For Almost A Decade Finally Files For Bankruptcy
Which filing also shows he’s got as much as $50 million in assets lying around.
Bill Ackman Would Have Turned Russia Into A Sheet Of Nuclear Glass By Now
Wartime dispatches from Russia, Ukraine and the CNBC studios.
Phil Falcone Had A Garage Sale
It, like much else recently, didn’t go well for him.
Carl Icahn Sure Does Miss The Days When Presidents, SEC Chairs Were More Inclined To Listen To Carl Icahn
Unsurprisingly, Gary Gensler’s idea of sensible securities regulation does not align with Uncle Carl’s.
Just Call Him Private Equity Paul Singer
The Elliott Management chief has a new way of getting his way.
McDonald’s: We May Be Liars, But Carl Icahn’s A Hypocrite
Why is it only our pigs that he’s worried about, wonder the sausage egg McMuffin slingers.
If You’re Gonna Inflate Valuations, Best To Avoid The ‘Impossible’
Unless you are aiming for simultaneous knocks on the door from the FBI, SEC and CFTC. Then it’s fine.
What Does Andrew Left Like Less: Getting Slaughtered By Redditors Or Having The FBI Show Up At His Door?
It’s a question he can answer now!
Carl Icahn Knows How Pigs Get Pregnant, And Also When Someone Is Trying To Get One Over On Him
He went to medical school once, Chris Kempczinski.
Man Who Presided Over Continent-Wide Bribery Scheme Unhappy With Old Firm’s Corporate Governance
Dan Och would never have allowed this kind of thing to go on under his watch. Corruption on a lavishly grand scale, yes, but not overpaying a f*cking ski instructor.
The Warm Florida Sun Is Not Helping Dan Loeb
Third Point was ice cold in January.
Sedef Koktenturk (Allegedly) Had Two Things Going Against Her
For one, she worked at Goldman Sachs. For another, she is a woman.
The Redditors Have Finally Gotten To Gabe Plotkin
To mark the one-year anniversary of his humiliation, the Melvin Capital chief is launching the “I’ve Lost My Nerve” Fund.
Viking Still Desperately Ill With COVID, Still Convinced It’s Almost Over
Andreas Halvorsen is convinced this year is the one travel goes berserker. You know, just like he was last year.