Monthly Archives: June 2010

New York Times – This is not an obvious time to be glorifying financial tycoons. Making enough money to buy your own private island might have earned you an airbrushed magazine cover a decade ago. Nowadays, though, the erstwhile Masters […]

Dow Jones -The Alternative Investment Management Association has voiced concern over taxing larger U.S. hedge fund managers to finance the cost of the financial-regulation bill, saying the industry has been “singled out for more onerous treatment.” The cost of the […]

NewsWeek – On financial reform, it’s one week down, one week to go. Lawmakers are in the middle of hammering out differences between two Wall Street regulation bills, one passed by the House and one by the Senate, aiming to […]

Bloomberg – Galena Asset Management Ltd.’s $700 million commodities fund rose 4.2 percent last month after correctly predicting gold and copper prices, beating BlueGold Capital Management LLP and Clive Capital LLP. Galena’s returns in May were the highest in six […]

Bloomberg – The six nervous men in suit jackets huddled in the rain and waiting to enter a south London radio station get a last bit of advice from Dr. Stu, the host of The Naked Short Club. “Oh, and […]

SunTimes – There’s plenty for investors to ponder as the lazy days of summer arrive. The stock market is steady again after a stomach-churning May. But the Standard & Poor’s 500 index is still down 12 percent since a bull-market […]

American Banking – The Financial Industry Regulatory Authority has ordered Goldman Sachs (NYSE: GS) to pay $20.6 billion to victimized investors of a Ponzi scheme run by Bayou Hedge Funds.  The three-person arbitration panel for the financial regulatory agency ruled […]

Reuters – It appears Wall Street investment banks can stay in the highly-profitable hedge fund business after all. An overhaul of financial regulations hammered-out by U.S. lawmakers after weeks of negotiation would permit Wall Street banks to continue to manage […]

BusinessWeek – Philip Falcone’s Harbinger Capital Partners has placed a large and risky bet on 4G wireless Internet service by paying an estimated $500 million for SkyTerra Communications. The hedge fund’s filings with the Federal Communications Commission lay out a […]

Dow Jones – The sweeping financial overhaul legislation negotiators wrapped up early Friday morning would constitute the biggest overhaul of U.S. financial regulations since the 1930s. The legislation, broadly, is designed to close the regulatory gaps and end the speculative […]