Markets

Jim Chanos Nailed The HP Debacle In One Slide

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.
Jim Chanos Nailed The HP Debacle In One Slide
Markets

Dan Loeb Is Handling Obama’s Victory Surprisingly Well

[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.”
Dan Loeb Is Handling Obama’s Victory Surprisingly Well
Markets

PAAMCO Doesn’t Want Any ‘Hedge Fund Hipsters’

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.” 
PAAMCO Doesn’t Want Any ‘Hedge Fund Hipsters’
Markets

A Factory Worker Turned Financier Explains Why It’s Easy To Start A Hedge Fund

[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, […]
A Factory Worker Turned Financier Explains Why It’s Easy To Start A Hedge Fund
Markets

Meet The Hedge Fund God Who’s Up 34% YTD While Everyone Else Is Getting Smoked

[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.
Meet The Hedge Fund God Who’s Up 34% YTD While Everyone Else Is Getting Smoked
Markets

PAUL TUDOR JONES: As A Trader, This Is ‘Where You Want To Be’

[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, […]
PAUL TUDOR JONES: As A Trader, This Is ‘Where You Want To Be’
Markets

‘Tiger Cub’ Hedge Fund Manager Lee Ainslie Is Killing It This Year

[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.
‘Tiger Cub’ Hedge Fund Manager Lee Ainslie Is Killing It This Year
News

Here’s Why Hedge Fund Managers Are Betting All Their Money On Paul Ryan

[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 […]
Here’s Why Hedge Fund Managers Are Betting All Their Money On Paul Ryan
Markets

Dan Loeb Doesn’t Drink Water Out Of Plastic Bottles

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. 
Dan Loeb Doesn’t Drink Water Out Of Plastic Bottles
Markets

A Private Equity CEO Was Shot Dead In His Office

[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.
A Private Equity CEO Was Shot Dead In His Office
Markets

Alexander Soros Spills On What Its Like To Have A Billionaire Hedge Fund Manager Father

[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 […]
Alexander Soros Spills On What Its Like To Have A Billionaire Hedge Fund Manager Father
Markets

John Thaler’s JAT Capital Is Getting Hammered This Year

[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 […]
John Thaler’s JAT Capital Is Getting Hammered This Year
Markets

Instead Of Paying SEC Fine, Hedge Fund Manager Allegedly Spent $300K On Basketball Tickets, Vacations And Pottery Barn

[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 […]
Instead Of Paying SEC Fine, Hedge Fund Manager Allegedly Spent $300K On Basketball Tickets, Vacations And Pottery Barn
Markets

Doug Kass Explains Why He Just Bought JP Morgan

[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 […]
Doug Kass Explains Why He Just Bought JP Morgan
Markets

Let The Good Times Roll! 63% Of Fund Managers Beat The S&P In Q1

[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 […]
Let The Good Times Roll! 63% Of Fund Managers Beat The S&P In Q1
Markets

SOLD: A Hedge Funder Just Picked Up This Killer Upper East Side Townhouse For $11 Million

[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 […]
SOLD: A Hedge Funder Just Picked Up This Killer Upper East Side Townhouse For $11 Million
Markets

Dan Loeb Hired Former CIA Agents To Teach His Staff ‘Deception Detection’

[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 […]
Dan Loeb Hired Former CIA Agents To Teach His Staff ‘Deception Detection’
Markets

Here’s How To Tell If Paul Tudor Jones’ Quants Had An Awesome Week

[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.
Here’s How To Tell If Paul Tudor Jones’ Quants Had An Awesome Week
Strategy

TRUE CONFESSION: I Got My First 3 Jobs Through My Hedge Fund Daddy

[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:
TRUE CONFESSION: I Got My First 3 Jobs Through My Hedge Fund Daddy
Markets

FORBES: Phil Falcone’s Net Worth Fell 50% Since Last September

[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 […]
FORBES: Phil Falcone’s Net Worth Fell 50% Since Last September
Markets

Why The Wife Of Hedge Funder Paul Tudor Jones Is Infuriating A Group Of Yogis

[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 […]
Why The Wife Of Hedge Funder Paul Tudor Jones Is Infuriating A Group Of Yogis
Markets

Hedge Fund Titan Louis Bacon Doesn’t Even Have To Get Out Of Bed For Market News

[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.
Hedge Fund Titan Louis Bacon Doesn’t Even Have To Get Out Of Bed For Market News
Markets

Hedge Fund Manager Sues Beauty Queen For Kidnap And Assault

[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 […]
Hedge Fund Manager Sues Beauty Queen For Kidnap And Assault
Markets

Crazy Emails: A Hedge Funders Long, Bizarre Response To A Woman That Declined A Second Date

[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 […]
Crazy Emails: A Hedge Funders Long, Bizarre Response To A Woman That Declined A Second Date
Markets

AWESOME: Hedge Fund Movie Starring Richard Gere And Susan Sarandon To Debut At Sundance

[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. 
AWESOME: Hedge Fund Movie Starring Richard Gere And Susan Sarandon To Debut At Sundance
Markets

Here Are The 10 Hedge Funds With The Most Exposure To Sears Holdings

[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.
Here Are The 10 Hedge Funds With The Most Exposure To Sears Holdings
Markets

Uh-Oh! FrontPoint Partners Last Big Money-Maker Is About To Jump Ship

[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 […]
Uh-Oh! FrontPoint Partners Last Big Money-Maker Is About To Jump Ship
Markets

Hedge Fund Titan Michael Platt Reveals The Three Things He Won’t Touch

[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 […]
Hedge Fund Titan Michael Platt Reveals The Three Things He Won’t Touch
Markets

Add One More To The List Of SEC Problems For Phil Falcone And Harbinger Capital

[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.
Add One More To The List Of SEC Problems For Phil Falcone And Harbinger Capital
Markets

Hedge Fund Billionaire Marc Lasry: Today Is A Great Time To Invest In Europe

[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 […]
Hedge Fund Billionaire Marc Lasry: Today Is A Great Time To Invest In Europe
Markets

15 Brilliant Insights From Hedge Fund Superstar Kyle Bass

[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 […]
15 Brilliant Insights From Hedge Fund Superstar Kyle Bass
Markets

Here’s Why Paul Tudor Jones Hasn’t Been Sleeping Well At Night

[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 […]
Here’s Why Paul Tudor Jones Hasn’t Been Sleeping Well At Night
Markets

Need Seed Money For Your Hedge Fund? Consider Asking Goldman Sachs

[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 […]
Need Seed Money For Your Hedge Fund? Consider Asking Goldman Sachs
Markets

Hedge Funder And CNBC Pundit David Simon’s Wife Hacked His Work Computer, But NOT For His Trade Secrets

[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 […]
Hedge Funder And CNBC Pundit David Simon’s Wife Hacked His Work Computer, But NOT For His Trade Secrets
Markets

12 Brilliant Insights From Legendary Value Investor Seth Klarman

[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 […]
12 Brilliant Insights From Legendary Value Investor Seth Klarman
Markets

Chanos To For-Profit Education: ‘If This Is Such A Great Business, Why Don’t You Lend Money Yourselves’

[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 […]
Chanos To For-Profit Education: ‘If This Is Such A Great Business, Why Don’t You Lend Money Yourselves’
Markets

Hedge Fund Manager Accused Of Selling Fake Facebook And Groupon Shares To Investors

[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 […]
Hedge Fund Manager Accused Of Selling Fake Facebook And Groupon Shares To Investors
Markets

Legendary Mutual Fund Manager Bill Miller Is Stepping Down From Main Fund

[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.
Legendary Mutual Fund Manager Bill Miller Is Stepping Down From Main Fund
Markets

Hedge Funder Who Bet Against Subprime Is Now Long The GSEs

[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.
Hedge Funder Who Bet Against Subprime Is Now Long The GSEs
Markets

Former Norwegian Platoon Commander’s Hedge Fund Is Killing It This Year

[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 […]
Former Norwegian Platoon Commander’s Hedge Fund Is Killing It This Year
Markets

BNP Paribas’ Emma Sugarman Explains Why More Hedge Funds Will Close Before The End Of 2011

[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 […]
BNP Paribas’ Emma Sugarman Explains Why More Hedge Funds Will Close Before The End Of 2011