Markets

DAVID TEPPER: Default Deniers Are ‘So Friggin’ Stupid’

David Tepper, who runs $US19 billion distressed debt hedge fund Appaloosa Management, was on CNBC’s “Squawk Box” moments ago. The hedge fund manager talked about the markets, the Fed and the government shutdown. Here’s a recap from the show: They’re opening up talking about the Robin Hood Foundation and it’s […]
DAVID TEPPER: Default Deniers Are ‘So Friggin’ Stupid’
Markets

Bill Ackman Says He Knows What Will Save America

Last night embattled hedge fund manager Bill Ackman was on “Charlie Rose: The Week” explaining everything from Herbalife to JCPenney to Dan Loeb. If you missed it, the whole thing will air tonight at 8:00 pm on Bloomberg. “JCPanic” and the Herbalife hedge fund titan war aside, we learned a […]
Bill Ackman Says He Knows What Will Save America
Markets

10 Elite Prep Schools That Have Produced Wall Street’s Biggest Names

[credit provider=”Foursquare” url=”https://foursquare.com/v/the-browning-school/4bceeb4fb6c49c7415cf9791″] We recently did a report on where some of Wall Street’s top hedge fund managers went to college.While there’s a belief that in order to get a Wall Street job you need to graduate from an Ivy League with a 3.5 GPA, we learned that a bunch […]
10 Elite Prep Schools That Have Produced Wall Street’s Biggest Names
Markets

REPORT: Two Legendary Hedge Fund Managers Were Both Investors In InTrade

[credit provider=”Reuters/Andrew Kelly”] This is something we didn’t know before about InTrade, the events betting site that announced yesterday that it was shutting down…Legendary billionaire hedge fund managers Paul Tudor Jones and Stan Druckenmiller were both investors in Intrade as of 2011, the Financial Times reports citing audit documents. 
REPORT: Two Legendary Hedge Fund Managers Were Both Investors In InTrade
Markets

HEDGE FUND MANAGER: I Want My Kids To Be Drug Addicts

[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:Ecstasy.jpg”] Lynn, our child’s babysitter, was a drug addict and her doctor told her that her brain scan was the same as that of an 80-year-old man’s who had multiple strokes. Lynn was afraid to tell us she needed to take a few days off from watching Josie […]
HEDGE FUND MANAGER: I Want My Kids To Be Drug Addicts
Markets

Nassim Taleb Loved The Ackman-Icahn Blowout

[credit provider=”CNBC” url=”http://www.cnbc.com/id/15839263″] Nassim Taleb is known for thinking outside the box, so when he gives his take one something, the Street expects to hear something fresh.This afternoon he was on CNBC and, since everyone is talking about it, Taleb was asked about last week’s epic live blowout fight between […]
Nassim Taleb Loved The Ackman-Icahn Blowout
Markets

Turns Out David Einhorn Did Have A Position In Herbalife

[credit provider=”Screenshot from CNBC”] Ever since Bill Ackman announced that he was shorting multi-level marketing nutrition company Herbalife, the Street has wondered if his fellow activist investor, David Einhorn had taken a position as well.Now, according to the WSJ, the word is out that he did have one in 2012, […]
Turns Out David Einhorn Did Have A Position In Herbalife
Markets

This Is The Call That Made Deepak Narula The Most Successful Hedge Fund Manager In 2012

[credit provider=”CNBC screenshot” url=”http://video.app.msn.com/watch/video/winning-hedge-fund-strategies/3xu0sb8j?cpkey=910ea2b2-da17-4dc7-9d10-93bde12d4428%7C%7C%7C%7C”] Deepak Narula, founder of Metacapital Partners, is the most successful large hedge fund manager in 2012, and he did it trading mortgage bonds, says Bloomberg Markets Magazine.In a year when the hedge fund industry returned an average of 1.3%, Narula, a former Lehman Brothers mortgage trader, […]
This Is The Call That Made Deepak Narula The Most Successful Hedge Fund Manager In 2012
Markets

The 100 Most Successful Hedge Funds Of 2012

[credit provider=”Screenshot via CNBC”] The February 2013 edition of Bloomberg Markets Magazine features its ranking of the top 100 large hedge fund managers in the world.Unlike last year when the most successful hedge funds were a variety of strategies — long/short, macro etc. — this year’s success stories mostly come […]
The 100 Most Successful Hedge Funds Of 2012
Markets

HERBALIFE: We Are ‘Not An Illegal Pyramid Scheme’

[credit provider=”CNBC screenshot”] Herbalife has responded to hedge fund manager Bill Ackman’s epic three-hour long presentation of his short thesis for the company calling it a “malicious attack.”Ackman, who has an “enormous” short position on Herbalife, called the company a pyramid scheme. He also has a price target of $0 […]
HERBALIFE: We Are ‘Not An Illegal Pyramid Scheme’