The Moral Compass Missing From The Greatest Trade Ever
As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.
As much as anything, what killed Lehman was Dick Fuld's emasculation of the risk management function, which served as a moral compass.
AP | TOM HAYS | Posted 11.10.2009 | Business
NEW YORK — Two Bear Stearns executives who ran hedge funds that collapsed after betting heavily on the shaky subprime mortgage market were acqui...
ft.com | Posted 10.23.2009 | Business
John Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund -- his t...
footnoted.org | Michelle Leder | Posted 06.27.2009 | Business
We take a break from our usual troll through the filings because last night, I had a chance to hear legendary hedge fund investor Michael Steinhardt s...
Huffington Post | Julie Satow | Posted 04.26.2009 | Business
Alpha magazine has published a list of the worst performing hedge fund managers in 2008. The group of eight lost a combined $6.2 billion in personal...
Bloomberg | Katherine Burton | Posted 04.25.2009 | Business
March 25 (Bloomberg) -- Compensation for U.S. hedge-fund employees may drop as much as 25 percent this year as the firms try to recoup last year's inv...
New York Times | LOUISE STORY | Posted 04.24.2009 | Business
The financial crisis may have turned much of Wall Street's wealth into dross, but a select group of hedge fund managers has managed to maintain a gold...
Bloomberg | Jason Kelly and Katherine Burton | Posted 03.29.2009 | Business
Feb. 26 (Bloomberg) -- Executives at buyout, venture-capital and hedge-fund firms will pay an estimated $24 billion more in taxes over nine years if P...
Portfolio | Gary Weiss | Posted 03.07.2009 | Business
In an era in which losers are universal and making a profit seems somehow shady, Paulson is the most conspicuous of Wall Street's winners. Paulson & C...
Vivian Norris de Montaigu | Posted 01.18.2009 | Style
"How Did I Trust Thee?": I was your caddie you see./Thirty years ago./You gave me the golden wink./I invested my life and soul to thee.
Pamela Redmond Satran | Posted 01.09.2009 | Style
No need to hunt down the most distinctive artisanal cheese: Your new gastronomic thrill will be finding pork at 49 cents a pound. Agonizing over whether to get divorced? Don't bother, you can't afford it.
NY Times | LOUISE STORY | Posted 12.14.2008 | Business
Five prominent hedge fund managers testified Thursday before a House committee that they supported some additional regulation of their industry. The ...
Robert Reed | Posted 12.13.2008 | Chicago
Ken Griffin, Chicago hedge fund magnate and one of the country's wealthiest men, is the anti-Trump. Unlike The Donald, Griffin hates being noticed. All that is about to change Thursday.
Wall Street Journal | Robert Frank | Posted 11.03.2008 | Business
"It's the human toll that is frightening," said State Rep. Livvy Floren, a friend of Mr. Fuld. "Dick Fuld has spent 39 years of his life doing this. I...
Financial Times | James Mackintosh | Posted 10.23.2008 | Business
The best-performing hedge fund manager of the past two years has closed down his funds and is returning money to investors after concluding that the d...
DealBook | Andrew Ross Sorkin | Posted 10.04.2008 | Business
Running a hedge fund has long been considered one of the top jobs in finance, but this summer a growing number of managers have called it quits, unabl...
DealBook | Andrew Ross Sorkin | Posted 09.19.2008 | Business
Do you remember a time, only a short while ago, when virtually anybody could start a hedge fund? It seemed so easy: billions of dollars were being thr...
Dealbreaker | Posted 08.02.2008 | Business
In an attempt to stop throwing phones and temper tantrums over the lousy markets, a growing number of financiers are taking up yoga to "take a step ba...
U.S. Marshals | Posted 06.25.2008 | Business
The United States Marshals Service is seeking information in its investigation to locate and apprehend federal fugitive Samuel Israel III. (For larger...
U.S. Marshals | Posted 06.25.2008 | Business
The United States Marshals Service is seeking information in its investigation to locate and apprehend federal fugitive Samuel Israel III. (For larger...
Stamford Advocate | Jeff Morganteen | Posted 06.21.2008 | Business
View the eBay listing for Samuel Israel III's business card. An eBay seller is looking to cash in on the saga of Samuel Israel, the 48-year-old hedge...
CNBC.com | Posted 06.21.2008 | Business
U.S. Marshals are questioning a man in connection with the disappearance of convicted hedge fund millionaire Samuel Israel, according to a report from...
AP | Posted 06.20.2008 | Business
WHITE PLAINS, N.Y. — Federal marshals in New York have issued a "Wanted" poster that says a missing hedge-fund swindler should be considered "ar...
New York Post | Perry Chiaramonte, Kaja Whitehouse and Dan Mangan | Posted 06.19.2008 | Business
June 11, 2008 -- A hedge-fund manager due to begin a 20-year prison stint for a $450 million fraud abandoned his SUV on a Hudson River bridge with "Su...
NYT | Posted 06.17.2008 | Business
Warren Buffett, a longtime critic of the fees charged by some money managers, has put his own cash on the line -- or, at least, a small chunk of it --...
David Fiderer | Posted 11.16.2009 | Business