Lifestyle

Barney’s just declared bankruptcy. Meet the company’s billionaire chairman, who was once considered one of Wall Street’s most promising investors and owns at least 3 homes across the US.

Former hedge-fund manager and chairman of Barney’s New York Richard Perry made mistakes that led to the famed department store’s financial troubles, the Wall Street Journal reported. Barney’s New York filed for bankruptcy on August 6 and put itself up for sale, according to Reuters. Perry’s own hedge fund, Perry […]
Barney’s just declared bankruptcy. Meet the company’s billionaire chairman, who was once considered one of Wall Street’s most promising investors and owns at least 3 homes across the US.
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