Word is that seven financiers got drunk at a client dinner on Friday night and then got stuck in an elevator for hours.
Billionaire hedge funder Julian Robertson is bullish on Australia, and China too.
Goldman Sachs just bought two shiny new private ferries to transport staff from its Manhattan outpost to bank’s offices in Jersey City.
Ray Dalio’s management principles are apparently so strange and demoralizing that a ton of employees are furious. 30% of people hired leave the firm in the first 2 years, and the firm also sees a lot of turnover at the top.
Bill Gross reminisces about his twenties in his latest investor outlook, with an anecdote about the time he gave a waitress a negative tip.
Leather-wrapped and stiletto-sporting private equity millionaire Lynn Tilton, is getting her own reality show.
Hedge funds made their clients $28 billion last year — that’s $2 billion more than all the major banks combined.
Five hedge funds that grew out Harvard’s Endowment are smashing it. And they’re known as the Crimson Cubs.
More details emerged today on Rajat Gupta, the former Goldman Sachs board member who was charged with insider trading yesterday. He was described as the “high priest” of McKinsey and a “classy guy” by a former colleague.
Apple launched the iPad 2 today and everyone went crazy. Especially when Steve Jobs walked on stage.