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Hedge Funds

Financial Reform: Bank Lobby Gathers To Fight Dodd's Bill

washingtonpost.com | Brady Dennis and Steven Mufson | Posted 05.25.2011 | Business

The bankers soon headed to Capitol Hill, talking points in hand -- white folder for House visits, blue folder for Senate visits. They were to protest ...

Madoff Victims to Hedge Funds: Show Us the Money!

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Pre-Madoff, hedge funds were all the rage. They had figured out a way to make money in any market. Trillions of dollars flowed into their coffers. What a difference a big fraud makes. Now many of these funds claim they were also victims of Madoff.

Private Equity, Hedge Funds Face Tax Hike: 15% to 39.6%

nytimes.com | Andrew Ross Sorkin | Posted 05.25.2011 | Business

Of course, even if the measure passes, Wall Street executives are ready: They've already begun devising clever new "structures" to skirt the tax chang...

Germans Want to Spy on Hedge Funds

BusinessWeek | Andrew MacAskill and Tony Czuczka | Posted 05.25.2011 | Business

Germany's Finance Minister Wolfgang Schaeuble told the Bundestag on March 16 that the country may have to consider ordering "intelligence agencies to ...

Back on the Street to Fight the STREET

Richard Trumka | Posted 05.25.2011 | Politics
Richard Trumka

Millions of Americans are living in fear--for their jobs. When a job disappears, working people are gripped with a fear that high-flying hedge fund ma...

Arthur Delaney

Dodd's Bill Soft On Private Equity And Hedge Funds, Say Critics

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

On Monday, Sen. Chris Dodd was proud to announce that his financial regulatory reform legislation does not exempt auto dealers from new regulations li...

Will The Volcker Rule Survive In Dodd's Bill? Citigroup Is Betting That It Won't

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Devotees of former Fed Chairman Paul Volcker may less than thrilled by the bill unveiled by Sen. Chris Dodd (D-Conn.) Citigroup, for its part, doesn...

The CDOs That Destroyed AIG: The Big Short Doesn't Quite Reveal What They Knew and When They Knew It

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

It's been eighteen months since AIG collapsed, and Congress has yet to seriously focus on the most important questions: What did they know and when did they know it?

A House Divided

Stephen Herrington | Posted 05.25.2011 | Business
Stephen Herrington

We have sunk too far and can't afford to open the spigots wider without recreating the same over leveraging problems that created the Great Recession.

Hedge Fund Manager Hugh Hendry: We're On Your Side

Telegraph | Hugh Hendry | Posted 05.25.2011 | Business

You don't know me; we've never met. But I fear you are being encouraged to dislike me. Let me explain: I'm a speculator. I manage a hedge fund. Appare...

Arthur Delaney

Jack Reed Introduces Amendment To Close Dodd Bill 'Loophole'

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Sen. Jack Reed (D-R.I.) announced Monday his plans to introduce an amendment to close a "loophole" in Wall Street reform legislation that would allow ...

Euro: If It's Broke, Don't Fix It?

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Here's the deal. Hedge funds are betting the Euro will crash against major currencies. The "short-Euro" trade, however lucrative to the gods of Greenwich, raises scary questions with one thing in common.

The Real Price of Proprietary Trading

Gerald Epstein | Posted 05.25.2011 | Business
Gerald Epstein

The Volcker Rule must be expanded to significantly help reduce systemic danger. Most important is to expand restrictions to investment banks, as well as to the "shadow" banking and financial world.

Citigroup: George Soros, John Paulson

bloomberg.com | Nikolaj Gammeltoft and Whitney Kisling | Posted 05.25.2011 | Business

Feb. 17 (Bloomberg) -- Firms run by John Paulson, Eric Mindich and George Soros purchased almost half a billion shares in Citigroup Inc. last quarter ...

Raj Rajaratnam, Galleon Head, To Face Upgraded Insider Trading Charges In Court Today

AP | Posted 05.25.2011 | Business

NEW YORK — An October trial date in New York has been set for a wealthy financier charged in what prosecutors call history's largest hedge fund ...

Ross Haberman, Hedge Fund Manager, Sues To Keep $380/Month Rent At His Park Avenue Apartment

Sabrina Jaszi | Posted 05.25.2011 | New York

A monetarily secure hedge fund manager is suing to keep his rent on Park Avenue rock bottom. Though Ross Haberman could afford the increase (which cou...

Bank Heist: It's Mortgages, Not Money

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

This "bank heist," the brainchild of a brash hedge fund trader who used to receive seven-figure year-end bonuses, but who will soon be unemployed, centers on snaring a sharp reduction on one of his three mortgages.

Best Careers Today: Arsonist, Hunter/Gatherer

Steven Clifford | Posted 05.25.2011 | Comedy
Steven Clifford

What career should one pursue in these troubled economic times? Traditional career paths offer little promise in this jobless recovery. Here are fou...

Felix Salmon: The Volcker Rule's Two Huge Loopholes

Reuters | Felix Salmon | Posted 05.25.2011 | Business

Paul Volcker's long NYT op-ed last weekend, and his testimony to the Senate banking committee this week, did very little to clear up a lot of the unce...

Paul Volcker Testimony: Limiting Banks' Proprietary Activities Would Stabilize The Financial System

Posted 05.25.2011 | Business

A day after Senate Banking Committee Chairman Chris Dodd's office indicated that he may scrap the centerpiece of President Obama's financial regulator...

Gay-Focused Hedge Fund Goldman Alumni Launch

businessinsider.com | Courtney Comstock | Posted 05.25.2011 | Business

Galileo Partners has launched a hedge fund focused on the LGBT (lesbian, gay, bisexual and transgender) community. ...

How America's Universities Became Hedge Funds

Bob Samuels | Posted 05.25.2011 | Business
Bob Samuels

In the brave new world where universities operate like hedge funds, institutions of higher learning have lost their way by caring more about interest rates than educational quality.

The Volcker Rule & AIG: Hedge Funds, Prop Desks Are Not The Problem

Institutional Risk Analytics | Posted 05.25.2011 | Business

There are certain basic things that the investor must realize today. In the first place, he must recognize the weakness of his individual position... ...

Show Bernanke and Geithner the Door

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

What has the financial crisis taught us? Among other things, we should show Bernanke and Geithner, enablers from the previous administration, the door.

Geithner's Treasury May Help Banks Avoid Obama's Proposed Limits

New York Times | LOUISE STORY and ERIC DASH | Posted 05.25.2011 | Business

Only a year after the government stepped in to aid Goldman Sachs and Morgan Stanley by granting them access to the federal safety net, policy makers a...