With the Dow trading over 10,700 again, the crisis of 2008 is growing long of tooth. Investors are growing short of memory. And many hedgies, who shuttered their funds due to performance, are making a comeback. Here's an example of what the The New York Times...
In today’s New York Times, Andrew Sorkin describes the sweetheart taxes for hedge-fund and private-equity partners as follows: General partners at private equity funds, who take a cut of the investment gains they earn for their investors in the form of “carried...
The Huffington Post posted this video of a trader freaking out last Thursday. If you haven’t seen this video yet, spend a few minutes on this one. “We call this a capitulation.” Yikes. Norb Vonnegut
Revolving door: Capitol Hill to hedge funds Check out today’s post on Politico. The author asserts that financial reform is uneven, that pending Congressional legislation has modest impact on hedge funds. Wall Street has taken its lumps in Washington recently...
Is paranoia necessary to survive on Wall Street? In one sense, Goldman Sachs is no different from other investment banks. Junior employees are expendable. Like goldfish, investment banks eat their young when brand-protection and self-interest make cannibalism seem...
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.