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Hedge Funds

Speaking Ill of 'the Best and the Brightest'

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

One of "the best and the brightest" died last week, and in Richard Holbrooke we had a perfect example of the dark mischief to which David Halberstam referred when he authored that ironic label.

Hedge Funds May Skirt Direct Fed Security

Posted 05.25.2011 | Business

WASHINGTON (By Rachelle Younglai and Dave Clarke) - The Federal Reserve does not believe any one hedge fund can topple the financial system and there...

Insider Trading: 'Tis the Season

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Bam, bam, bam came the knock at Phoebe's door, reverberating through her modest home like angry thunder. The pounding burst a cache of happy memories that could have lasted well past her afternoon coffee.

The 10 Biggest Hedge Funds In The U.S. | Courtney Comstock | Posted 05.25.2011 | Business

The quant hedge fund D.E. Shaw is the most glaring absence from AR Magazine's latest list (subscription required) of the biggest hedge funds in the US...

Preet Bharara, Scourge Of Wall Street: Prosecutor Making His Mark With Insider Trading Investigation

AP | LARRY NEUMEISTER and TOM HAYS | Posted 05.25.2011 | Business

NEW YORK — Preet Bharara was a newly appointed U.S. attorney when he added his own twist to a signature Hollywood line to put Wall Street on not...

Insider Trading Probe Offers New Chance to Curb Hedge Fund Power

David Callahan | Posted 05.25.2011 | Business
David Callahan

It is never good to hear that large financial players may have broken the law, and the huge insider trading investigation unfolding on Wall Street is deeply troubling. But the upside to the probe is that it offers a chance to curb the outsized power of hedge funds.

FBI Raids Hedge Funds In Massive Insider Trading Probe

By Matthew Goldstein and Jonathan Stempel | Posted 05.25.2011 | Business

(Reuters) - The FBI raided three hedge funds in connection with a widening probe into insider trading, the Wall Street Journal said on Monday. ...

When Will We Face Up to the Enormity of the Jobs Crisis?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The real mystery of our current economic mess is how quiet progressives are. We seem constitutionally incapable of facing the enormity of the employment crisis. Why? Part of the answer lies in our permanent attachment to the Democratic Party.

The Two Politicos

John Thompson | Posted 05.25.2011 | Education
John Thompson

I am tired of the hubris of non-educators, who use tactics from their own realms to leverage change in schools, in order to then leverage change in other political and/or economic arenas.

Why Wall Street Donors Are Abandoning Obama: Andrew Ross Sorkin | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

But what is surprising is that some of the president's biggest supporters have so publicly derided his policies, even at the risk of hurting their abi...

Billionaire Hedge Fund Manager Reportedly Hosts GOP Strategy Session In His Mansion

Alpha | Lawrence Delevigne | Posted 05.25.2011 | Business

Hedge Fund manager Steve Cohen held a meeting at his home in Greenwich, Connecticut with Republican Party candidates to discuss strategy for the midte...

The Wall Street "Trader Tax": Is Congress Targeting the Wrong Trades?

Chris Glorioso | Posted 05.25.2011 | Business
Chris Glorioso

One can debate whether a trader tax is wise or unwise on the whole, but it seems spurious to suggest the bulk of the tax burden should fall on traditional equities like stocks.

Proprietary Traders Move To Hedge Funds, As Regulation Limits Risk-Taking At Banks

Huffington Post | William Alden | Posted 05.25.2011 | Business

If Wall Street is getting "boring" in response to new regulations, the traders themselves are resisting that trend. Bloomberg News reports that "doze...

How to Earn $900,000 an Hour While Unemployment Soars

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Wall Street moguls are confident that Americans will always believe that that the big boys are really worth their money. But for how long? Will the middle class finally get angry at the plutocrats who stole their dreams?

Green Energy Boys Not So Different Than the Good Ole Oil Boys

Vivian Norris | Posted 05.25.2011 | Green
Vivian Norris

The Green Boys actually pretend to be about equality and sustainability and democracy, but they are just as obsessed as the oil and Wall Street guys with accumulating more money and power.

William Alden

The New 'Hot' Wall Street Trend: 'Boring' Banks | William Alden | Posted 05.25.2011 | Business

The "hot" trend on Wall Street, the Wall Street Journal reports, is to be boring. In response to the soon-to-be-implemented international banking reg...

The Mulligans of Hedgistan

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

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.

Volcker Pulls No Punches, Slams 'Broken' Financial System, Banks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Paul Volcker pulled no punches Thursday in a speech at the Federal Reserve Bank of Chicago, criticizing nearly all aspects of the nation's financial s...

Shahien Nasiripour

Obama Nominee Doesn't Believe Deregulation Led To Financial Crisis | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE: The Senate Homeland Security and Governmental Affairs Committee voted 9 to 0 on Tuesday morning in favor of Lew's nomination and referred him ...

Once High-Flying Hedge Fund Managers Are Hitting The Rest Button | JULIE CRESWELL | Posted 05.25.2011 | Business

By closing one fund and opening another, managers can, in a stroke, wipe clean their investment records and start collecting fees from new investors....

Poverty Rises as Wall Street Billionaires Whine

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

You'd think the Wall Street moguls would be thankful. Not just thankful -- down on their knees kissing the ground taxpayers walk on and hollering hallelujah at the top of their lungs! Instead, they're back to hauling in obscene profits.

SEC Probing Funds Of Hedge Funds

Reuters | Sakthi Prasad | Posted 05.25.2011 | Business

The securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported. ...

Why the Big Lie About the Job Crisis?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

It's time to say "the end" to the "We're all to blame" fairytale. Let's start a new story this Labor Day. It's called, "Put our people back to work."

When Hedge Fund Managers Talk, Andrew Ross Sorkin Transcribes, Uncritically

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

You can't buy the kind of free publicity extended by today's New York Times, which quotes extensively from Daniel Loeb's political rant in, "Why Wall St. Is Deserting Obama," a 1,200-word piece devoid of critical analysis.

Goldman Going Green? Bank Backs Algae Fuel Startup IPO

Reuters | Steve Eder | Posted 05.25.2011 | Business

NEW YORK, Aug 31 (Reuters) - No client is too small for Goldman Sachs Group Inc (GS.N) these days, even a company with no revenue that's owned by a h...