Former Long Island Iced Tea Allegedly Doing Some Long Island Insider Trading
Certainly more than its doing any iced tea, or blockchain, for that matter. Allegedly.
Downtrodden, Underpaid Goldmanites Are In The Wrong Business
One word (well, technically, one plural acronym): REITs.
Brexit Or Bremain, Hedge Funds Are Ready To Make Some Money
"Hedge-fund managers are sensing opportunity."
Switzerland Still A Great Place To Take Your Money On Vacation: HSBC Chief
Swiss banks can do other stuff besides tax evasion, y'know.
If You've Been Thinking About Starting A Hedge Fund That Invests Exclusively In Show Dog Semen, Your Moment Has Arrived
It's the latest emerging market, according to Bloomberg.
Who Wants To Invest In Phil Falcone's New Company?
Harbinger Global Corp is coming to an exchange near you. Phil Falcone, the embattled billionaire hedge fund manager, has put together an unorthodox IPO that will see his hedge fund firm contribute assets valued at $350 million to a blank check company that will trade publicly. In the deal, a special purpose acquisition company that is expected to trade on Nasdaq and be known as Harbinger Global Corp., will acquire a majority interest in an MGM-branded hotel and casino development in Vietnam and a minority interest in an iron ore producer working in Brazil. Funds run by Falcone’s Harbinger Capital Management that are contributing the assets will get an ownership stake that could be as high as 96% in Harbinger Global and Falcone is slated to become executive chairman of the company. Falcone’s move to become closely involved in a publicly-traded company is audacious given that he is currently facing securities fraud charges from the Securities & Exchange Commission. Yeah, well, people also thought it was audacious for him to invite a burlesque dancing pig he barely knew to come and live with him and she turned out to be the best thing that ever happened to him, so.
Do You Let Your Watch Talk For You?
And if so, do want to wear one that says "I love UBS and I don't care who knows it" but unfortunately do not work for the bank and therefore were not given a timepiece that says just that? Do not despair. You, too, can now own Swatch watch that was specially commissioned to commemorate UBS's 150th birthday, provided you beat out all the other guys and girls who want a piece of it. Swatch Irony UBS Limited Edition - YCZ4001 - New for 2012 [eBay]
CFA 2012: Good Luck To All
As those of you who took the week off to study are well-aware, Saturday is CFA exam day, for all levels. And while we have complete confidence in all of your abilities, some people have expressed feeling a bit jittery about the test. For the vast majority, those fears, while normal, are unwarranted. You just need to talk it out and should consider this space a safe place to do so. For a smaller group of people, though, your fears are totally founded because, statistically speaking, you will fail. Having said that... Back in January, after Matt found out he'd passed Level 1 (with a perfect score), a conversation occurred at Dealbreaker HQ that went something like this: Me: So are you going to sign up for Level 2? Matt: Eh, I don't think so...I mean, I don't really feel like spending the next 5 months of my life studying, y'know? And then what am I going to do? Wait around another year to take Level 3? Me: Uh....YES, I thought that's exactly what I thought you were going to do. Don't you want to be a CFA charterholder? Don't you want to go to CFA Camp? Matt: Meh. Fast forward to last Thursday, when we're sitting around l'office shooting the shit and someone casually mentions, "I wish I were taking the CFA next week." Unfortunately, said someone is not because he choose not to sign up, strangely forgetting how much he loves standardized tests. That being said, if anyone is scheduled to take Level 2 but a) is suffering performance anxiety and b) wants the opportunity to read another recap of how things panned out for an editor of this site, Matt is happy to go in your place and pass it for you. With two nights of studying he gives himself a 50 percent chance (I think it's closer to 75), you'd get those 8 hours back, and it'd make him really, really happy. If he doesn't get to take Level 2 he's considering the idea of the Connecticut Bar in July. Let him have this.