Markets

10 More Hedge Funders Who Fell In Trouble With The Law

Raj Rajaratnam was sentenced to 11 years in prison and a $10 million fine yesterday.Comparatively, he got off pretty easy – prosecutors were seeking up to 24.5 years for allegedly taking $73 million in illicit profits, but it’s still the longest sentence ever handed down for an insider trading conviction.
10 More Hedge Funders Who Fell In Trouble With The Law
Markets

The Rise And Fall Of Raj Rajaratnam

Raj Rajaratnam was just sentenced to 11 years in jail and fined $10 million for insider trading.Even though he was sentenced to serve the most years ever for insider trading, prosecutors and many others believed that Raj should go to jail for many more.
The Rise And Fall Of Raj Rajaratnam
Markets

Here Are The Big Hedge Funds That Own The Momentum Stocks Down Big Today

[credit provider=”Cynthia Drescher” url=”http://www.jaunted.com/travel-photos/full/238/Olympic+White+Water+Rafting+at+the+Lee+Valley+course#16″] Is a hedge fund liquidating some of its holdings the reason for the big drop in some momentum-driven stocks today?Everyone’s curious, so we checked out the holders that own a bunch of today’s losers.
Here Are The Big Hedge Funds That Own The Momentum Stocks Down Big Today
Markets

Here’s What Hedge Funds Have To Say About Your Little Swiss Intervention

[credit provider=”flickr: Mister-E” url=”http://www.flickr.com/photos/mister-e/2247168252/”] Hedge funders think that Switzerland’s central bank doesn’t have the stuff to take on the deluge of money flowing into the country, says the Wall Street Journal.And they’re circling, waiting for the moment to strike.
Here’s What Hedge Funds Have To Say About Your Little Swiss Intervention
Markets

CORRECTION: Hedge Fund Manager Who Set The World Record For “Most Pubs Visited By A Team In 24 Hours” Didn’t Go To Just 200 Bars

[credit provider=”LinkedIn” url=”http://www.linkedin.com/profile/view?id=2373044&authType=name&authToken=_ley&pvs=pp”] Yesterday we reported Chris Solarz, head of global macro strategies at Cliffwater LLC, set the Guinness World Record for “Most Pubs Visited in 24 Hours by a Team.”Our report said Solarz and his team of 13 pub crawlers hit up 200 Manhattan bars labour Day weekend in […]
CORRECTION: Hedge Fund Manager Who Set The World Record For “Most Pubs Visited By A Team In 24 Hours” Didn’t Go To Just 200 Bars
Markets

The 15 Best Things Paul Tudor Jones Has Ever Said About Trading

[credit provider=”Source: Financial World, July 11, 1989 Photograph by Alex Quesada/Matrix”] Paul Tudor Jones is one of the greatest traders that’s ever lived.The master macro trader called the 1987 crash perfectly, as depicted in the legendary PBS documentary “Trader” of the same year. (Copies of the VHS once sold for […]
The 15 Best Things Paul Tudor Jones Has Ever Said About Trading
Markets

Harvard Professor Explains Why Hedge Fund Managers Need To Pay Even Less In Taxes

[credit provider=”Jeffrey’s blog” url=”http://jeffreymiron.com/about/”] Jeffrey Miron, the Director of Undergraduate Studies in the Department of Economics at Harvard University, rips apart Buffett’s op-ed about why the rich should pay higher taxes.In an op-ed in CNN, he writes that capital gains tax breaks (the ones that allow hedge fund managers to write-off […]
Harvard Professor Explains Why Hedge Fund Managers Need To Pay Even Less In Taxes
Markets

What Fund Managers Are Thinking About And Fearing Right Now

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Sx120_Nightmare.jpg”] EU sovereign debt fears and premature fiscal tightening top the concerns of hedge fund managers, who wax increasingly bearish on the economy.That’s what Bank of America found in a recent survey of 244 panelists with $784 million in assets managed.
What Fund Managers Are Thinking About And Fearing Right Now
Markets

This Is Why The Dodd-Frank Hedge Fund Regulation Failed

Hedge fund regulation is not working out. Years of concern about giant pools of investment capital that were said to be under-regulated and under-taxed concluded in Dodd-Frank’s hedge fund regulation requirements and gave rise to new plans to end capital gains treatment for the profits of hedge fund managers.
This Is Why The Dodd-Frank Hedge Fund Regulation Failed
Markets

The Hedge Fund Manager That Sued The Dakota For Racism Has A Funny Way Of Calculating His AUM And Returns

[credit provider=”Clarkson” url=”http://www.clarkson.edu/news/view.php?id=1492″] At the beginning of this year, a hedge fund manager and professor sued one of the most exclusive apartment buildings in New York, for racism.While Alphonse Fletcher Jr was convinced his application for a second apartment in the famed Dakota building was rejected due to racism, the […]
The Hedge Fund Manager That Sued The Dakota For Racism Has A Funny Way Of Calculating His AUM And Returns
Markets

How Wall Street Did The Fourth Of July

[credit provider=”New York Social Diary” url=”http://www.newyorksocialdiary.com/nysd/partypictures”] There were parties-a-plenty for Wall Streeters to attend this weekend.In fact, some even played host.
How Wall Street Did The Fourth Of July
Markets

10 Worst Performing Star Hedge Fund Managers

[credit provider=”Flickr Mikyl Roventine” url=”http://www.flickr.com/photos/myklroventine/3210068573/”] Insider Monkey tracks 300+ hedge funds and several other prominent investors.We believe investors can beat the index funds by imitating best hedge funds’ stock picks and avoiding worst hedge funds’ picks.
10 Worst Performing Star Hedge Fund Managers
Markets

The Queen Angrily Summoned Prince Andrew To Buckingham Palace Over His NYC Holiday With Hedge Fund Sex Offender

[credit provider=”Daily Mail” url=”http://www.dailymail.co.uk/news/article-2001544/Prince-Andrew-questioned-knows-truth-billionaire-U-S-paedophile-claims-victim.html”] It turns out Queen Elizabeth summoned Prince Andrew to the Royal Palace after pictures of him with convicted hedge fund sex offender Jeffrey Epstein were published in the Daily Mail, according to a profile of the wayward British prince in this month’s Vanity Fair.Even though Prince […]
The Queen Angrily Summoned Prince Andrew To Buckingham Palace Over His NYC Holiday With Hedge Fund Sex Offender
Markets

Here Are More Details On Obama’s Secret Hedge Fund Meeting At The White House

[credit provider=”mediajorgenyc via Flickr” url=”http://www.flickr.com/photos/mediajorgenyc/3033645312/”] Earlier this month, it was revealed that President Obama had summoned top hedge fund honchos to Washington as part of his campaign to win back Wall Street.Now the The White House has revealed the full list of attendees, and there were at least 30 guests, […]
Here Are More Details On Obama’s Secret Hedge Fund Meeting At The White House
Markets

A Bunch Of Celebrities Are Being Sued By Hedge Fund Investors For Money They Won In An Underground Poker Ring

[credit provider=”Wikipedia” url=”http://en.wikipedia.org/wiki/File:Tobey_Maguire_2007_Shankbone.jpg”] Tobey Maguire and other celebs are being sued by a group of hedge fund investors, who say Maguire and others won cash in an illegal poker ring, which belongs to them.Ex-hedge fund manager Bradley Ruderman was convicted of running a $44 million Ponzi scheme back in 2009, […]
A Bunch Of Celebrities Are Being Sued By Hedge Fund Investors For Money They Won In An Underground Poker Ring
Markets

Hedge Fund Managers: Managing Money Is Not The Same As Running A Business

[credit provider=”totalAldo via Flickr” url=”http://www.flickr.com/photos/totalaldo/2400635097/”] Most hedge fund managers would agree: given the broader market environment and the specific challenges facing the industry, 2010 was a difficult year. In fact, the past few years have tested the industry in unprecedented ways. The industry, by and large, has passed that test, […]
Hedge Fund Managers: Managing Money Is Not The Same As Running A Business
News

LAND GRAB: African Farmland Purchases Have Surged 1500% Since 2008

Everyone who eats is aware that agricultural prices have been on a tear the past few years. With this has come a sharp increase in the value of arable land. Deep topsoil farmland in Iowa has changed hands as high as $11,000 an acre recently. That’s up from about $6,000 […]
LAND GRAB: African Farmland Purchases Have Surged 1500% Since 2008
Markets

JOHN PAULSON: The Man Who Turned Contrarian Bets Into Billions

[credit provider=”Japan Society” url=”http://www.japansociety.org/event_detail?eid=12b74dbd”] John Alfred Paulson was born in Queens, and grew up in the borough’s Whitestone section, a neighbourhood about 25 minutes out of Manhattan, which “mostly consists of well kept single to three family homes.” It’s a neighbourhood that counts Charlie Chaplin and Harry Houdini among its […]
JOHN PAULSON: The Man Who Turned Contrarian Bets Into Billions
Markets

Meet The 21-Year-Old JPMorgan Intern That Got Bill Ackman’s And David Einhorn’s Jaws To Drop

[credit provider=”LinkedIn” url=”http://www.linkedin.com/profile/view?id=98807497&authType=name&authToken=tunf&locale=en_US&pvs=pp&trk=ppro_viewmore”] JPMorgan didn’t know, when it selected Indiana University student Sunjay Gorawara for its summer intern program, the bargain they were getting.On Tuesday, Gorawara was just another impressive, highly talented business school student. On Thursday, he had been mentally tattooed with a stamp that said: David Einhorn and […]
Meet The 21-Year-Old JPMorgan Intern That Got Bill Ackman’s And David Einhorn’s Jaws To Drop
Markets

Every Single Stock Steve Eisman Recommended Shorting Last Year Is Down

[credit provider=”Wikimedia” url=”http://upload.wikimedia.org/wikipedia/commons/d/df/SertifikatG.jpg”] This time last year, hedge fund royalty descended on the Ira Sohn Investment Conference in New York, and made some predictions about the market and the stocks they were buying.Given that a year has passed — and the conference, which Clusterstock will be covering live, is on […]
Every Single Stock Steve Eisman Recommended Shorting Last Year Is Down
Markets

Meet The Lucky Hedge Funder That’s Marrying Ralph Lauren’s Daughter

[credit provider=”NYSD” url=”http://www.newyorksocialdiary.com/partypictures/2007/02_27_07/partypictures02_27_07.php”] Ralph Lauren’s youngest child and only daughter Dylan is getting hitched next month to hedge fund manager Paul Arrouet.Arrouet is a managing partner at Marblegate Asset Management, an affiliate of distressed credit specialist Miller Buckfire, according to his LinkedIn profile.
Meet The Lucky Hedge Funder That’s Marrying Ralph Lauren’s Daughter
Markets

Introducing Wall Street’s Hottest Offspring

[credit provider=”Guest of a Guest” url=”http://guestofaguest.com/directory/eliza-howard/46931/”] These sons and daughters of Wall Street’s finest are well on their way to becoming the next generation of hot shot career men and women.Maybe family connections got their feet in the door at prestigious firms, but they couldn’t get much further without the […]
Introducing Wall Street’s Hottest Offspring
Markets

The 15 Biggest Asian-Based Hedge Funds

Hedge funds are a more recent development in the Asian market, and while the current average amount of Assets Under Management per firm on the continent bears out that early-stage reality, many funds in Asia are growing fast.
The 15 Biggest Asian-Based Hedge Funds
Markets

How Hedge Funders Reacted To Raj

Las Vegas is heavy with hedge fund titans and their investors this week because of the Skybridge Alternatives Conference, and they were watching the Raj verdict come in like everyone on the Street.
How Hedge Funders Reacted To Raj
Markets

Red Flags To Look For In Hedge Funds

Here’s a news flash: many hedge funds lie.  Whenever I am conducting a due diligence, I feel like I’m watching the music video for Michael Jackson’s “Thriller.”  It is flabbergasting that even in the post-Madoff era, you never know what will pop up during a due diligence inspection.  Here are […]
Red Flags To Look For In Hedge Funds
Markets

The Wall Streeter’s Guide To The Hamptons

[credit provider=”Google Maps”] There’s a reason celebrities, socialites, and the Wall Street stars of New York City all head east every weekend in the summer.It’s called the Hamptons and when New York gets hot and humid, everyone goes there (if you’re a New Yorker and you don’t have your summer […]
The Wall Streeter’s Guide To The Hamptons
Markets

Why Bill Ackman Is King Of The World Right Now

[credit provider=”Purdue” url=”http://www.purduecal.edu/library/Media%20Holdings/M-O.htm”] Bill Ackman was just profiled in The Observer, and we learned a few things about the Pershing Square founder from the story.For example, he plays tennis regularly with George Soros and Andre Agassi.
Why Bill Ackman Is King Of The World Right Now
Markets

Check Out The Wall Streeters Who Partied with Eric Clapton And Christina Hendricks On Thursday Night For Charity

[credit provider=”Bloomberg” url=”http://www.bloomberg.com/news/2011-04-08/scene-last-night-clapton-marsalis-blankfein-jain-colbert-hendricks.html”] Wall Street came out last night to support a few good causes.Lloyd Blankfein and a few friends lent their time and checkbooks to Jazz at Lincoln centre, where they were treated to a jam session from Eric Clapton and Wynton Marsalis.
Check Out The Wall Streeters Who Partied with Eric Clapton And Christina Hendricks On Thursday Night For Charity
Markets

The Top 25 Hedge Fund Earners In 2010

[credit provider=”The Deal Sleuth”] Together, the top 25 hedge fund managers on AR Magazine’s annual Rich List earned a total of $22.07 billion in 2010.That’s down compared to 2009 performance, when the top earners pocketed $25.33 billion.
The Top 25 Hedge Fund Earners In 2010
Markets

Worst Paid Hedge Fund Managers Of 2010

Every year we see several different publications try to rank hedge fund managers.  According to one publication, the top hedge fund managers of the previous year are the ones who have the highest combination of management fees, performance fees, and investment gains on their personal investments. Most of the time […]
Markets

Dan Loeb Is About To Have Some Really Ugly Emails Go Public

[credit provider=”1440wallstreet.com”] Just when you thought the only embarrassing hedge fund dialogue would be coming out of the government’s lawsuit against Raj Rajaratnam, a lawsuit against Dan Loeb has just doubled the fun.As a primer: Loeb and other hedge fund managers are involved in a bitter five-year legal battle with […]
Dan Loeb Is About To Have Some Really Ugly Emails Go Public
Markets

Top Hedge Fund Managers Of 2010

Hedge fund pay has always been astounding, but few realise that it is only a handful that make over $1 billion per year.  BBC recently released a report highlighting some of the most successful alternative asset managers in the world, which include David Tepper, George Soros, Steve Cohen, Edward Lampert, […]
Markets

GOSSIP: Today’s Wall Street Buzz in 60 Seconds

[credit provider=”Stacey Jackson.com” url=”http://www.staceyjackson.com/staceyjackson/blog/?tag=snoop-dogg”] Goldman Sachs’ Senior European Economist, Ben Broadbent, is decamping to the other side; he’s just been appointed to the Bank of England’s Monetary Policy Committee.UBS just tapped dealmaking superstars Matthew Grounds and Simon Warshaw as global co-head the firm’s investment banking division alongside Jimmy Neissa.
GOSSIP: Today’s Wall Street Buzz in 60 Seconds
Markets

GOSSIP: Today’s Wall Street Buzz in 60 Seconds

[credit provider=”AP”] The Goldman Sachs trading floor was buzzing all day Wednesday with the gossip: David Heller is going to buy the Mets.BlackRock, Banco Santander and more than 10 private-equity firms are forming groups to bid for Citi’s U.S. consumer-lending unit.
GOSSIP: Today’s Wall Street Buzz in 60 Seconds
Markets

Eddie Lampert’s Big Bet On Retail Just Flopped

[credit provider=”The Deal Sleuth”] Eddie Lampert, the chairman of ESL Investments and Sears, recently invested close to $800 million in Gap Inc. giving him a 5.8% stake in the company. Today Gap posted one of the biggest and only losses for February same-store sales.It came in way below estimates with […]
Eddie Lampert’s Big Bet On Retail Just Flopped
Markets

A Hedge Funder Explains Why Smart Men Date Dumb Women

[credit provider=”Screen Grab via SF Gate” url=”http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/05/17/businessinsider-from-viral-fame-to-household-name-the-best-careers-launched-by-viral-videos-2010-5.DTL”] A writer at The Gloss came across a study that concludes that men prefer to date women who aren’t as smart as they are.That writer asked John Carney at NetNet why this might be the case, and also asked a hedge funder.
A Hedge Funder Explains Why Smart Men Date Dumb Women
Markets

GOSSIP: Today’s Wall Street Buzz in 60 Seconds

Former Goldman Sachs board member Rajat Gupta was charged with insider trading by the SEC. After telephone calls with CEO Lloyd Blankfein, Gupta allegedly called Galleon’s Raj Rajaratnam with insider information within seconds.
GOSSIP: Today’s Wall Street Buzz in 60 Seconds
Markets

GOSSIP: Today’s Wall Street Buzz In 60 Seconds

Bernie Madoff spoke with NY Mag in one of his first interviews since he was imprisoned, and though he is remorseful, offers that his investors are partly culpable.UBS just recruited two Washington insiders for cardinal roles in its prized wealth management division. Mona Sutphen will run macro analysis; Alexander Friedman […]
GOSSIP: Today’s Wall Street Buzz In 60 Seconds
Markets

GOSSIP: Today’s Wall Street Buzz In 60 Seconds

[credit provider=”AP”] Cash bonuses on Wall Street dropped in 2010 but overall compensation rose 6 per cent.Four Credit Suisse bankers have been indicted in tax evasion conspiracy dating back to 1953. Whether or not Bern will allow the men to be extradited to the U.S remains to be seen.
GOSSIP: Today’s Wall Street Buzz In 60 Seconds