Greenwich Financial Services and the applecart?
This New York Times business blog mostly devotes itself today to assessing, with a skeptical eye, various post-bailout deals being finagled by our auto companies and such. But I was struck by this...
View ArticleHedge fund trouble
Prediction: 1/3 of hedge funds to disappear. I have a client whose fund is up over 10% for the year but they’ve still suffered a withdrawal of 20% of their assets they manage, due to fear and...
View ArticleI’d never heard of these people and now I wish I hadn’t
Uma Thurman and Arpad Busson lose big with Madoff. Or something – the link is really to a Bloomberg story on “Arki” Busson and his bad year. I like this part: “Catching a fraud is practically...
View ArticleSay, I’ve got an idea, let’s put on a show!
Smart Greenwich kids with Harvard degrees? Astrophysicist? Let’s start a hedge fund! I think the train already left on that idea but I’m confident that we’ll eventually see a new wave of smart kids...
View ArticleGretchen Morgenson: The end of banking as we’ve (recently) known it
Her prediction – financial services will return to the dull old boring days when the good ones traded at 1 to 1.5 X earnings book value. No more leveraging 30X, no more out-sized salaries and, by the...
View ArticleSo far so good
Or so said the jumper as he passed the 35th floor of the Empire State Building on his way down. Hedge funds are already reporting this year’s performance and, with just a couple of exceptions, they’re...
View ArticleVanity Fair on Hedge Funds
Used to be (way back when – say, 2007) if you had an MBA and a dream you could start a hedge fund, make a zillion dollars and overpay for a trophy wife and a Greenwich mansion to put her in. It’s...
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