Hedge Funds

At least until it isn’t good anymore, specifically when the FBI shows up with handcuffs.

Who doesn’t want to get paid $1.2 billion en route to losing $4 billion?

For his part, David Shaw just kicked back and enjoyed the fruits of a successful transition in style.

Sure, it settled the exact same allegations in the U.S. last year, but it’ll be damned if it has to do so again in the U.K. this one.

It also doesn’t care how big a pain-in-the-ass that might be for hedge funds.

You have to be formally in the game to play it.

This is not the kind of thing judges like to learn about after the fact.

Turns out British judges are real sticklers for evidence backing allegations.

In fact, they think maybe he should just throw the whole idea on the fire.

Anything to feel alive.

Merrick Garland’s go-getters go after their helpers.

Ken Griffin is ready to show the retiring Secret Service officer some real tough times.

Is a real argument actually made by a published author, even if it is only in Forbes.

This seems, at best, a questionable strategy for a person trying to demonstrate he’s not illegally screwing over his creditors.

Michael Steinhardt’s shelves and free time are a bit barren today.

An eight-year-long tax-avoidance infatuation may be coming to an end.

Different debt, same outcome.

To say nothing of giving him any of their money to lose.

On the bright side, he didn’t say “hell is coming” this time.

Alden Global is back on the newsprint prowl.

Dmitri Balyasny’s in a time out.

(Allegedly) holding collateral and charging millions in fees for worthless positions is about as good a business as exists, until the arbitration claims come, anyway.

Surely the (relatively) poor of the Upper West Side can see that?

There’s one conspicuous bit of edge they’re apparently quite happy to leave on the table.

It’s in the Constitution or something.

This is an important distinction in the annals of securities law.

Presumably.

To save his control over his publicly-listed hedge fund, the Great Epistolarian is reduced to whining and what-about-ism.

Luckily for them, they get a nice little return for their troubles.

And Uncle Carl knows a thing or two about that.

Which is, in fairness, generally how it works at BaFin.

This is Goldman Sachs, though: No SPAC b******t.

Time to cut a deal before a judge calls time on the whole party, although that’s probably not going to happen.

But he’s had a SPARC of inspiration, however many months too late.