Hewlett Packard stock is getting killed this morning after the company reported a one-time $8.8 billion charge for to alleged accounting inconsistencies related to the acquisition of its Autonomy software unit.
[credit provider=”www.imdb.com” url=”http://www.imdb.com/title/tt1314655/”] City DiaryNewSmith founders Michael Marks and Stephen Zimmerman had put in a full morning’s work hedging funds in their Berkeley Square base.
Hedge fund manager Cliff Asness, a well-known Romney supporter who runs AQR Capital Management, clearly has a great sense of humour.
[credit provider=”screenshot via Jewish Enrichment centre” url=”http://jeconline.com/media/video/dan-loeb”] Hedge fund manager Dan Loeb supported Barack Obama in 2008, and then, a year or so later, he definitely, passionately didn’t.You may remember that he dedicated a portion of one of his notes last year to the President’s “class warfare.”
Hedge fund manager Whitney Tilson, who runs T2 Partners, sent out these baby photos on one of his email lists last night.
Jane Buchan, CEO and co-founder at Pacific Alternative Asset Management Co., told Bloomberg TV’s “Market Makers” today that when they’re looking for a hedge fund manager they don’t want any so-called “hedge fund hipsters.”
[credit provider=”Wikimedia” url=”http://upload.wikimedia.org/wikipedia/commons/c/cc/SteyerHeadshot.jpeg”] Reuters reports that Tom Steyer, the founder of San Francisco-based Farallon Capital Management, plans to step down by the end of the year, according to an internal letter. Andrew Spokes will take over once Steyer steps down.
Some wonderful individual just posted a video of an old Seth Klarman talk at Harvard Business School, and its chock full of wisdom (h/t @vitaliyk).
[credit provider=”drugoi.livejournal.com” url=”http://drugoi.livejournal.com/3613407.html#cutid1″] According to Don Conrad, founder of CCM Partners LP, the prerequisites for a successful hedge fund is that it must be well-capitalised, complaint, patient with its strategy, and it must hire good people. Anyone can do it, Conrad told Benzinga. A former factory worker without a bachelor’s degree, […]
[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”] Bloomberg News Jody Shenn, Kelly Bit and Pierre Paulden report that former Lehman Brothers trader Deepak Narula’s hedge fund is absolutely killing it this year. Narula’s $1.4 billion Metacapital Management, which specialises in mortgage backed securities, is up 34% YTD, according to the report.
[credit provider=”Courtesy of A.W. Jones Advisers”] Back in 1949 Alfred Winslow Jones dubbed his new $100,000 investment venture a “hedged fund.”At the time, there was no such thing as a performance fee or a net asset value.
Leon Cooperman isn’t shy about the fact that he thinks President Obama is working against wealthy Americans, and in this week’s New Yorker, Chrystia Freeland does a deep dive into the “sleeper cell” of millionaires that have joined Cooperman’s cause.
Anne Onymous, the Twitter user who appears to be the source of the leaked Mitt Romney fundraiser video, sent out a curious tweet this morning that suggests that the host of the donor event may be out to nab whomever took the video.
[credit provider=”Meetup.com “] Remember Anthony “A.J.” Klatch II?In case you don’t, he’s the possibly bi-polar 28-year-old with a “genius IQ” who defrauded investors out of $2.3 million and then bought himself a bunch of fancy cars and a condo.
[credit provider=”Vimeo” url=”http://vimeo.com/31925102″] On Wall Street, knowledge is power and wisdom is priceless. And iof you’re a trader, you know that there are few on the Street wiser than hedge fund manager Paul Tudor Jones.That said: This morning we noticed that the 1987 documentary, ‘Trader’, about PTJ’s life and work, […]
[credit provider=”VII” url=”http://www.valueinvestorinsight.com/issue/94″] “Tiger Cub” Lee Ainslie III is making a huge turnaround so far this year. Bloomberg News Katherine Burton reports that his ~$10 billion AUM long/short equity hedge fund Maverick Capital’s biggest fund was up 20% through July.
[credit provider=”Frontline”] We’re still very curious bout this buzz that former MF Global chief Jon Corzone will launch his own hedge fund, so we asked a professional fundraiser at a hedge fund for his thoughts on the matter.First we asked him for his general impressions of Corzine pondering a hedge […]
[credit provider=”www.dealbreaker.com”] If case you’re wondering how billionaire hedge fund manager Phil Falcone is doing following those SEC civil fraud charges in June and the whole Lightsquared debacle, the New York Post’s Kaja Whitehouse has his Harbinger Capital Management’s performance numbers. From the Post:
A hedge fund manager’s fireworks display for his son’s bar mitzvah party in the Hamptons this summer may have sparked some problems for a congressman.
[credit provider=”Getty Images”] Some of the nation’s top hedge fund billionaires, including many of the same financiers who are playing a major behind-the-scenes role bankrolling Republican presidential challenger Mitt Romney, helped finance Rep. Paul Ryan’s rise to prominence over the past two years.The Wisconsin Republican’s leadership political action committee, dubbed […]
Billionaire hedge fund manager Dan Loeb–the founder of Third Point LLC who is known for his strongly worded scathing letters to companies and CEOs–doesn’t drink water out of plastic bottles, the Wall Street Journal’s Juliet Chung reports.
[credit provider=”Flickr/Null Value” url=”http://www.flickr.com/photos/nullvalue/4188517246/sizes/m/in/photostream/”] The CEO of private equity firm was allegedly shot dead by a former business partner who then killed himself, MoneyWeb’s Julius Cobbett reports.The CEO was Julian Williams, 37, the chief executive and co-founder of Basileus Capital.
[credit provider=”Business Insider” url=”http://www.businessinsider.com.au/business-news/oct-23-tilson2-2009-10″] T2 Partners co-founders Whitney Tilson and Glenn Tongue announced in a letter to investors that they’re parting ways. According to the letter, the pair decided to separate last month.
[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Alexander_Soros_on_March_9_2012.jpg”] In the event that you’ve always wanted to know about the life of the son of one of the world’s most legendary investors, turn your attention to the profile of Alexander Soros published by the New York Times this morning. For Alexander, son of billionaire investor George […]
[credit provider=”Lisa Du, Business Insider”] This is a quick one.Leon Cooperman was on the ‘Best Ideas’ panel at the CNBC Institutional Investor Delivering Alpha Conference today and he dropped something very quickly that we thought we’d pick up for you.
U.K. hedge fund manager Hugh Hendry, a partner and chief investment officer Eclectica Asset Management, has a reputation for his spirited television interviews and YouTube videos.Remember when Hendry duked it out with Joseph Stiglitz on BBC’s Newsnight back in 2010?
Hedge fund manager Boaz Weinstein, the founder of Saba Capital, has garnered a lot of attention in the last couple of months.
HEDGE-FUND bosses rarely double as cult authors. But an out-of-print book by Seth Klarman, the boss of the Baupost Group, sells for as much as $2,499 on Amazon.
[credit provider=”slight clutter on flickr” url=”http://www.flickr.com/photos/slightclutter/6176735/”] John Thaler, the founder of tech-based long/short equity hedge fund JAT Capital, was one of the best performing hedge fund managers in the world last year ending a volatile 2011 up 12.7%. And at one point last year everyone on The Street was talking about how […]
[credit provider=”www.dealbreaker.com”] The Wall Street Journal reports that Falcone’s planned defence against the SEC’s fraud allegations filed is to blame his lawyers and lieutenants, sources told the paper. From the WSJ:
Hedge fund titan David Einhorn, the founder of Greenlight Capital, is competing on the final table of the $1 million buy-in charity tournament of the World Series of Poker.
Today the Securities and Exchange Commission charged hedge fund billionaire Phil Falcone and his Harbinger Capital Partners with securities fraud.
[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/Lawrence_R._Goldfarb”] Last year, California-based hedge fund manager Larry Goldfarb was charged by the Securities and Exchange Commission with concealing more than $12 million in investment proceeds that he owed investors in his fund.On March 1, 2011, Goldfarb, he founding partner of LRG Capital Group, decided to settle with the […]
[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Beth_Shak_full.jpg”] You’ve heard about the dividing of marital assets during a divorce case, but what about throwing used shoes in that category?Well, used high-end heels, that is.
Billionaire hedge fund king Ray Dalio, the founder global macro fund behemoth Bridgewater Associates, encourages all of his employees to live by his famous set of Principles.
Joe Weisenthal for Business Insider
Closely-followed hedge fund manager John Paulson just purchased one of the most expensive homes ever listed in the United States.
Hedge fund god David Einhorn, the founder of Greenlight Capital, and his wife Cheryl were spotted together yesterday at the 17th annual Ira Sohn Investment Conference at Lincoln centre in New York.
[credit provider=”Linette Lopez for Business Insider”] When the world’s top hedge fund managers speak, the market listens.If you need proof, we attended the Ira Sohn Investment conference in New York yesterday where hundreds of investors doled out $3,000 (for charity) to hear the best and brightest hedge funders share their […]
[credit provider=”@dougkass” url=”https://twitter.com/#!/search/dougkass”] It has been a profoundly negative news day for JP Morgan. After announcing a surprise $2 billion loss from a botched hedge last night, the stock dropped precipitously. It is currently down more than 8 per cent.But hedge fund manager Doug Kass of Seabreeze saw a unique […]
Hedge fund guru Whitney Tilson, the co-founder T2 Partners, has been absolutely dominating this week.
We all know John Paulson, the founder of Paulson & Co., had a crappy year in 2011 and now Reuters has the results of the hedge fund manager’s first quarter in 2012.
[credit provider=”Dustin Diaz | Flickr” url=”http://www.flickr.com/photos/polvero/3517939540/”] Stock picking is making a comeback in 2012 as global macroeconomic concerns dissipate and the Federal Reserve hints at removing liquidity, causing stocks to rise or fall on their own merits again and not as one giant, correlated basket as they did during the financial crisis and its […]
[credit provider=”Trulia via Corcoran” url=”http://www.trulia.com/property/photos/3051502494-59-E-77th-St-New-York-NY-10075#item-1″] Wui Yen Liow, a principal at Ziff Brothers Investments LLC and a managing director of ZBI Equities, just made an incredible score out of the office.He just purchased a 6 bedroom, 6 story townhouse on 55 East 77th street for $11 million, it was listed […]
We already know that Third Point’s Dan Loeb minces no words when it comes to his investments. We also already know that the hedge funder and activist investor has had “words” for Yahoo’s board.
Bridgewater’s Ray Dalio personally made a mind-blowing $3.9 billion last year, making him the top-paid hedge fund manager of the year.
[credit provider=”1440wallstreet.com”] Most people on Wall Street know Dan Loeb, the founder of Third Point LLC, as the outspoken hedge fund manager who writes strongly worded letters to companies.And now we’ve just learned some interesting tid-bits about the sharp-tongued billionaire hedge fund manager and Third Point thanks to Market Folly […]
Last year, hedge fund manager Danny Yong, who runs Singapore-based Dymon Asia Capital, outperformed all other Asian hedge fund managers with $1 billion or more AUM, Bloomberg BusinessWeek reports.
Insider Monkey introduced its daily Billionaire Hedge Fund Index today.
[credit provider=”burke_wicker/Flickr” url=”http://www.flickr.com/photos/the_pdub/3697231932/sizes/m/in/photostream/”] Every now and then you’re out and about in New York City and you meet people who work (or have worked) for the greats— Paul Tudor Jones, Julian Robertson, Ray Dalio…And then you hear a story that makes you chuckle a little.
Right now, he’s the most successful hedge fund manager in the world, and according to Forbes he’s the 88th richest person on the planet with an estimated net worth of $10 billion.
[credit provider=”Dushan and Miae via flickr” url=”http://www.flickr.com/photos/hanuska/5164615425/”] After we asked our readers how many of them got their current jobs through a friend or family connection, we received a reply from a reader who told us his first three jobs on Wall Street stemmed from having a well-connected father.Below is the email:
[credit provider=”www.dealbreaker.com”] We’ve all been watching what may be the slow demise of once high flying hedge funder Phil Falcone.Now, we have some quantitative proof to the extent of the damages to his fortune. Just last September, Falcone was estimated to be worth around $2.2 billion when Forbes released their Forbes 400 […]
We’re waiting to see what the optimists have to say about this one.
[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=96utxiMEJU8″] Bethany McClean has a fascinating piece in April’s issue of Vanity Fair about Paul Tudor Jones’ yoga loving wife Sonia.The billionaire hedge fund manager’s wife teamed up with the heirs of the late Ashtanga-yoga master Krishna Pattabhi Jois (aka Guruji) to open schools to share his teachings at […]
Pershing Square’s Bill Ackman made a splash when he made a $25 million donation to the non-profit Signature theatre. It’s located on 42nd Street between 9th and 10th Avenues.
, we wanted to see if anyone comes close to approaching Bridgewater’s returns.
[credit provider=”turtletrader.com”] CNBC’s Kate Kelly’s latest Fortune magazine piece reveals some interesting details about the super-secretive billionaire hedge fund manager Louis Bacon.The hedge fund titan, who used to have copies of Barrons flown to his London office, doesn’t even have to get out of bed for the latest financial news.
Whitney Tilson, the hedge fund manager who famously shorted Netflix and then went long, had a rough 2011, but so far he’s having a really solid 2012.
Imagine the surprise Liam McGree, CEO of Connecticut insurance firm The Hartford, had this morning when John Paulson decided to take the place of his analyst and to give the executive a piece of his mind on the company’s Q4 earnings call.
[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=pi2UBjUpw34″] A hedge fund manager claims he was kidnapped and assaulted for eight hours by former Miss Korea 1995 and her family, the AllKpop site reported.The hedge-fund manager, Chris Hsu, the CEO and founder of Hong Kong-based Kilometre Capital, is suing Han Sung-Ju, a former beauty queen who […]
What did Pershing Square Capital Management’s hedge fund manager Bill Ackman get after his $25 million charitable donation to the non-profit Signature Theatre?
[credit provider=”By f1uffster on Flickr” url=”http://www.flickr.com/photos/[email protected]
/4434362439/”] Now and then, we get forwarded crazy emails that people — most of whom are men involved in the finance industry — send to the people they’re dating, or have dated, or want to date. Today: a thesaurus-happy hedge-fund manager accuses a woman he’s […]
[credit provider=”Entertainment Weekly Screenshot” url=”http://insidemovies.ew.com/2012/01/18/richard-gere-arbitrage-sundance/”] Hollywood movie stars Richard Gere and Susan Sarandon, who showed support for the Occupy Wall Street movement, are starring in a hedge fund movie called “Arbitrage.”The film, written and directed by Nicholas Jarecki, is debuting at the Sundance Film Festival this weekend.
[credit provider=”Wikimedia Commons”] Malta. It’s a small island republic in the middle of the Mediterranean Sea, and it’s slowly becoming a financial hub for hedge funders.Aside from the nice weather and the ocean views, financiers are also attracted to the island’s membership in the EU and lax taxes.
Charles Payson Coleman III, who goes by “Chase,” was born into so-called “old money” and he’s made himself quite a bit of new money as well.
Bloomberg Markets Magazine has just released its list of the World’s 100 Richest Hedge Funds.
[credit provider=”The Deal Sleuth”] Sears Holdings, the parent company of Kmart, Sears and Roebuck and Co, announced plans to close 100 to 120 of its stores sending its shares sharply lower Tuesday. This quarter to date, the retailer’s comparable store sales at Kmart and Sears fell 4.4% and 6.0%, respectively.
[credit provider=”www.dealbreaker.com”] Hedge fund titan Phil Falcone, the founder of Harbinger Capital Partners, rejected an SEC settlement offer that would have banned him from the securities industry, the Wall Street Journal reported citing sources familiar with the situation.A ban would no doubt be a major blow for Falcone’s career in […]
[credit provider=”NYU” url=”http://ci.med.nyu.edu/node/893″] Hedge fund behemoth FrontPoint Partners, which has been completely rocked by an insider trading scandal, might be close to the end.According to the New York Post’s Kaja Whitehouse, FrontPoint’s last big money-maker Stephen Czech is planning to set out on his own to launch a hedge fund […]
Every holiday season, billionaire hedge fund manager Paul Tudor Jones, the founder of Tudor Investment Corporation, puts on a spectacular light show at his Belle Haven Estate in Greenwich, Connecticut.
[credit provider=”Bloomberg TV” url=”http://www.bloomberg.com/video/82844550/”] U.K. hedge fund manager Michael Platt, the founder of $30 billion fund BlueCrest Capital, discussed the eurozone crisis, European banks and opportunities for investing on Bloomberg Television’s “Inside Track.”During his first live television interview, Platt told co-hosts Erik Schatzker and Stephanie Ruhle there are three things […]
Legendary hedge fund manager Julian Robertson, the founder of Tiger Management Co., said on CNBC’s “Squawk Box” this morning that he’s a “very strong” supporter of Mitt Romney for president.
[credit provider=”New York magazine”] Reuters has obtained hedge fund billionaire Steve Cohen’s deposition testimony from a lawsuit filed in 2006 that reveals his thoughts on insider trading.In the lawsuit filed by Fairfax, the founder of SAC Capital Advisors — a hedge fund with $14 billion AUM — was accused of […]
LightSquared is already facing opposition from government officials — now, according to the New York Post, test results have leaked that show the telecommunications system is not compatible with navigation equipment.
U.K. hedge fund titan Hugh Hendry, a partner and chief investment officer at Eclectica Asset Management, is continuing to kill it this year with his “China short” fund.According to the Financial Times, his “China short” fund is up an astonishing 52% YTD.
This morning we found out that Phil Falcone and Harbinger Capital got a dreaded Wells Letter from the SEC.
[credit provider=”Vanity Fair” url=”http://www.vanityfair.com/online/daily/2011/06/philip-falcone-admits-his-mistakes-lisa-maria-falcone-wants-an-etiquette-book-to-prevent-her-own.html”] Phil Falcone’s Harbinger Capital is about to be investigated by the SEC — they just got a Wells Notice.All this means is that the SEC is giving Harbinger a heads up. You can read the notice here.
[credit provider=”CNBC” url=”http://video.cnbc.com/gallery/?video=3000060922″] Billionaire hedge funder Marc Lasry, the co-founder and CEO of Avenue Capital, said now is a great time to be investing in Europe on CNBC’s Squawk Box this morning.”It’s definitely the time to be looking around. I think the question is, is today the day you want […]
[credit provider=”youtube” url=”http://www.youtube.com/watch?v=5V3kpKzd-Yw”] Hedge fund superstar Kyle Bass, the founder and principle of Hayman Capital Management, has certainly been doing his homework on some of the most pressing issues facing the global economy.Bass, who describes himself as a “realist,” has a pretty negative outlook on the eurozone and Japan and […]
[credit provider=”Vimeo” url=”http://vimeo.com/31925102″] Reclusive hedge fund manager Paul Tudor Jones, the founder of Tudor Investments and charitable organisation The Robin Hood Foundation, said he’s had too many sleepless nights. [Guru Focus via Jacob Wolinksy from ValueWalk]The reason, he explained, has to do with the pressing issue of income inequality in […]
[credit provider=”Joe Weisenthal for Business Insider”] The world of hedge funds is changing. There are more managers out there, it costs more money to start a fund, and because of the Volker Rule, banks are now limited in the amount of money they can invest or trade in hedge funds.But […]
[credit provider=”www.flickr.com” url=”http://www.flickr.com/photos/orijinal/5202991675/”] Twin Capital hedge fund manager and CNBC commentator David Simon has been hacked, The NY Post reports.Simon is going through a messy divorce with his wife, Linda, and in August his $100 million hedge fund sued her and her lawyer, Jason Advocate, for hacking into his work […]
[credit provider=”screenshot via ValueWalk.com” url=”http://www.valuewalk.com/2011/11/rare-interview-seth-klarman/#.TtTaC-YmzXY”] Legendary value investor Seth Klarman, the founder of Boston-based hedge fund Baupost Group with around $10 billion AUM, has a reputation for being media shy.The hedge fund manager who rarely speaks to the press recently sat down with interviewer Charlie Rose to discuss history, his […]
SAC Capital’s Steve Cohen is considering a bid for the bankrupt LA Dodgers, the Wall Street Journal reports.
[credit provider=”Bloomberg TV”] Billionaire short-seller Jim Chanos shared his thoughts on the deficit deal failure, regulation, the eurozone crisis and his value traps during an interview Wednesday on Bloomberg Television.After the super committee failed to reach an agreement, the founder of hedge fund Kynikos Associates said businesses will always try […]
[credit provider=”Global Newswire” url=”http://www.marketwatch.com/story/photo-release-john-mattera-partners-with-andy-king-to-initiate-boss-sports-2011-11-10″] The Securities and Exchange Commission charged Florida-based hedge fund manager John Mattera with selling fake shares in Facebook and Group to investors prior to the initial public offerings and using the money to buy jewelry and luxury cars.According to the filing, Mattera, 50, and a group […]
[credit provider=”BusinessWeek” url=”http://images.businessweek.com/ss/06/03/fund_managers/source/15.htm”] Bill Miller, the chairman and chief investment officer of Legg Mason Capital Management, is stepping down from the mutual fund’s flagship fund, Bloomberg Television reported.Miller will step down from Legg Mason Value Trust effective on April 30, 2012, according to the report.
David Tepper’s Appaloosa Management’s 13-F filing is out.
Hedge fund superstar Hugh Hendry, a partner and chief investment officer at Eclectica Asset Management, spoke last month at the London School of Economics Alternative Investing Conference.
[credit provider=”PerryCap.com” url=”https://www.perrycap.com/PER0014/WEB/me.get?web.home&SSLREDIRECT=3bb41f5aeb08ce1433d5fe0bd2fef5180cc0938726480ce3ce00c42f9885″] New York-based hedge fund Perry Capital’s founder, Richard Perry, told a group of investors at a charity event in Chicago that he’s long GSEs (government-sponsored enterprises).What’s interesting is many believe that GSEs such as Fannie Mae and Freddie Mac are to blame for the financial crisis.
[credit provider=”Milken Institute” url=”http://www.milkeninstitute.org/events/gcprogram.taf?function=bio&EventID=gc11&SPID=6183″] Hedge fund manager, Andreas Halvorsen, a former platoon commander for the Norwegian SEAL Team and a Julian Robertson’s Tiger Management alum, is killing it this year.His “Tiger cub,” Viking Global’s flagship long/short equities, which had $13.4 billion AUM as of the end of October, is up […]
Hedge fund superstar Ray Dalio, the founder of Bridgewater Associates — the biggest hedge fund in the world — has a reputation for being super secretive.
In an interview with Opalesque TV, SkyBridge Capital’s manager and founder Anthony Scaramucci said that he’s “looking for talent more than anything.”
Nearly four years ago Dallas-based Hayman Capital Management’s portfolio manager Kyle Bass profited big time on his bets against the sub-prime mortgage market. Now it appears he’s looking slightly more bullish on the mortgage market.
Hedge fund New Star Asset Management’s founder John Duffield is being sued by an ex-portfolio manager for allegedly bullying his employees, Bloomberg reported.Evershed first sued his former boss in 2010. The trial is going on now and is scheduled to last for 10 days. On the first day, ex-portfolio manager […]
[credit provider=”Bloomberg TV” url=”http://www.washingtonpost.com/business/bnps-sugarman-expects-more-hedge-fund-closures-in-2011/2011/11/01/gIQA1sK3cM_video.html”] BNP Paribas’ Emma Sugarman, the head of U.S. capital-introductions, told Bloomberg TV yesterday that since several hedge funds missed the October rally there will “undoubtedly” be more hedge fund closures in 2011.”I think undoubtedly we are going to see more hedge fund closures this year,” Sugarman […]
[credit provider=”AP”] Liquidators claim hedge fund manager Magnus Peterson, whose now-defunct Weavering Macro fund left clients hundreds of millions of dollars in losses, repeatedly lied to his investors by exaggerating the value of assets, Reuters reported. A glance at the numbers shows that Peterson either wildly overvalued the assets he […]
We all know John Paulson has had a crappy year with his flagship fund down 28% YTD through September, but it looks like his investors are still sticking with him.
This isn’t new – as of last year, the number of working women had surpassed those of men.