The bad news keeps coming at Galleon. THE AMD executive who tipped inside information, according to The Wall Street Journal, was none other than the former CEO. A criminal case filed by the Manhattan U.S. Attorney’s office earlier this month alleged that an...
The government is exploring expansive controls over “too big to fail” financial institutions. According to The New York Times, the House Financial Services Committee may introduce legislation this week. The measure would make it easier for the government...
What can investors do when their hedge funds implode? The Galleon scandal puts a fine point on this question. In the wake of an alleged insider trading scandal, Galleon is closing the doors of its operation which managed $3.7 billion in assets as of Friday last week....
No doubt you’ve read about that sinking ship, the hedge fund formerly sailing under the banner Galleon and now taking on water. The New York Times reported that Galleon lost $30 million on one trade using insider information. Here’s the quote from...
There’s plenty of Monday morning quarterbacking over Bank of America’s deal with Merrill Lynch. News articles overflow with vitriolic charges from executives barking, snarling, and lifting their legs in each other’s direction. Yesterday, the New York...
Grove O’Rourke here. For years I have used municipal bonds to decrease the volatility of my clients’ portfolios. And inside Norb Vonnegut’s novel, Top Producer, munis work well. My clients have never lost money on bonds. But my clients, like me, are...
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.