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Hedge Funds

Goldman Sach's Charity Filings Reveal Foundation's Complex Trades

New York Times | GERALDINE FABRIKANT | Posted 05.25.2011 | Business

The 2008 tax filing for the Goldman Sachs Foundation, a copy of which was provided by the firm late Wednesday, provides a glimpse of the legendary tra...

Manager Of Infamous Long-Term Capital Management Starting New Hedge Fund

ft.com | Posted 05.25.2011 | 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...

StreetTalk -- Weak Economy, Bull Market: A Cautionary Tale

Robert Lenzner | Posted 05.25.2011 | Business
Robert Lenzner

Main Street Americans are struggling to pay their bills, while Wall Street executives are getting record bonuses. Two Americas; trust me it's more than just a campaign slogan.

Rajaratnam Charged With Insider Trading

AP | LARRY NEUMEISTER and CANDICE CHOI | Posted 05.25.2011 | Business

NEW YORK — One of America's wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider tr...

Q&A With Responsible Pension Investment Expert Thomas Croft

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

It's incredible how much we don't know when it comes to the investment practices and trends that affect workers' retirement assets and other institutional savings.

Inside the Wall Street Journal's Future of Finance Initiative

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

We, the middle aged financiers, are responsible for taking action on the issue of massive financial fraud. If we don't, we will never restore trust in the financial system.

A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 05.25.2011 | Business
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

Roomy Khan: Galleon Insider Trading Informant Surces

Posted 05.25.2011 | Business

The name of the informant who tipped off authorities to one of the largest insider trading cases in history has surfaced. According to The New Yor...

Lie, Cheat and Steal

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Are members of the securities industry inherently evil? Obviously, it would be unfair to make such a blanket characterization, but sometimes you really have to wonder.

Financial Reform: House Lawmakers Weighs Limits On Hedge Funds, Insurers

AP | Posted 05.25.2011 | Business

WASHINGTON — House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor pr...

Anil Kumar's Guilty Galleon Plea: Ex-McKinsey Director Cops To Securities Fraud Charges

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — A former director of a global management consulting firm pleaded guilty Thursday to securities fraud charges, admitting making $2.6 m...

Steven A. Cohen's Ex-Wife Files Suit Accusing Billionaire Of Insider Trading

New York Times | JENNY ANDERSON and ZACHERY KOUWE | Posted 05.25.2011 | Business

In a lawsuit filed Wednesday, Ms. Cohen claims her ex-husband hid millions of dollars from her -- a common enough complaint as big-money divorces go. ...

John Paulson's Incredible Year

newsweek.com | Daniel Gross | Posted 05.25.2011 | Business

In a span of just three years, hedge-fund manager John Paulson went from practically unknown to practically unparalleled. After a series of smart bets...

Modern Portfoolio Theory II

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

What can investors do when their hedge funds implode? The Galleon scandal puts a fine point on this question.

Wall Street Stars Donating Little To Obama

The New York Times | DAVID D. KIRKPATRICK | Posted 05.25.2011 | Politics

The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and tra...

Regulation? They're Banking on the Status Quo

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

There were those who expected the financial-services industry to slink away in embarrassment after the setbacks of the past year. These people misjudged us.

FINALLY: SEC Proposed New Rules For Credit Rating Agencies

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating compan...

Could We Expect Anything From the Pittsburgh Summit of the G-20?

Georges Ugeux | Posted 05.25.2011 | World
Georges Ugeux

Never was the G-20 intended to be anything else than a technical forum meeting twice a year. It has no power, no administration, let alone any authority.

Hedge Fund Chiefs Warned G7 Of Economic Collapse in April 2007

Evening Standard | Paul Waugh | Posted 05.25.2011 | Business

This happy band of G7 finance ministers looked perfectly relaxed as they arrived for their gathering in Washington in April 2007. But it now turns ...

Financial Reforms: Is Europe Hypocritical?

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

European bank losses were as high as the U.S. They used the same compensation system, and their fragmented and ineffective regulatory system shares responsibility for the crisis.

What If: The Non-Profit Media Model

John Thornton | Posted 05.25.2011 | Media
John Thornton

In Micro 101, we learn that such "public goods" as clean air and national defense will not be produced in sufficient supply exclusively by market forces. Allow for the sake of argument that journalism is such a good.

Wall Street on Speed

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

If the financial crisis has proven anything, it is that capital markets have become an insiders' game in which trading profits crowd out the legitimate business of investment.

Economic Adviser to the Aristocracy

David Bromwich | Posted 05.25.2011 | Business
David Bromwich

One sees in the recent career of Larry Summers how subtle, consistent, and pervasive are the means by which an aristocracy maintains itself.

A "Dryer" Version of Madoff

Ron Kuby | Posted 05.25.2011 | Home
Ron Kuby

Let's see--he ripped off hedge fund managers, real estate moguls, and real estate lawyers. The trifecta. Were there any normal people who got hurt? Sadly, the answer is yes.

The GS-Files 4: Always a Winner

Nathan Lewis | Posted 05.25.2011 | Business
Nathan Lewis

Goldman has been making its money somewhat like a hedge fund: by buying and selling securities in the secondary market for profit. Why this activity should be government subsidized, I don't know.