The fact that the President has done nothing but talk to deal with the crisis in the Gulf, the Gulf of Mexico, that is, shows that he has no interest whatsoever in doing anything to help the people of theUnited States of America and frankly that all hope is gone.
The news that Elvis Costello has canceled his shows in Israelbecause he feared that people might think that performing there would be thought of as supporting Israeli Government policies toward the Palestinians saddens me deeply. Many of you know that I am or should say I was a huge Elvis
“Order, order, order” is the cry coming out of the European Parliament meetings in recent days. The Europeans, in their infinite wisdom, have decided that by imposing a transparency standard on hedge fund managers, all will be right in the world. A panel of EU lawmakers earlier this week approved
The European Central Bank took a play from the Federal Reserve early this morning in approving a massive bailout of the “weak” economies of Europe. The move intended to “defend the Euro at all costs” was a shot heard round the world as markets rallied on the news. READ HERE
Don’t be fooled by the recent “good news” about jobs that is coming out Washington. The information is skewed, confused and just plain rude; the reality is that the economy is not growing, people are not getting jobs and many people are still struggling. And while the headlines last week
Hedge funds have been in the news more than ever in the last few weeks and I think the coverage has been fascinating. When news of the crisis in Greece broke, the articles about career-making trades by hedge fund managers shorting the Euro were page 1, column A. Just a
Hedge funds have been in the news more than ever in the last few weeks and I think the coverage has been fascinating. When news of the crisis in Greece broke, the articles about career-making trades by hedge fund managers shorting the Euro were page 1, column A. Just a
The next HEDGEAnswers Conference call is Tuesday March 16 at 10 am. Register now to get in on the discussion. We are going to be talking about the impact of the pending regulation from Congress and the European Union, we are going to be talking about the future of the
One year after the economic stimulus act took effect, the economy is still a shambles and people are hurting. And while President Obama and the rest of the muckety-mucks in Washington spent a good part of the week patting themselves on the back for a job well done, the reality
The best thing about being involved in the hedge fund industry is that there is always something to talk about or discuss. There is never a dull moment. The print and broadcast media seems to be constantly filled with stories about the evil that these men and women do. Every
The House of Lords believes that proposed regulation by the European Union threatens the stability of the financial markets, according to a recent report by Reuters. The lawmakers think that in order for regulation to work, it needs to be uniformed and signed off on by the powers that be
It seems that Wall Street and the financial services sector has had enough of the Obama Administration and Congress and as such have closed their wallets to the party. The Republicans, never one group that has had a problem saying no to money, has turned its fund raising efforts toward
Is the bloom off hedge fund manager John Paulson or should I say the shine? If you read recent reports about Paulson and his gold fund in the Wall Street Journal and The New York Times, one would think the sky is falling and his mine has run dry. It
The House of Lords believes that proposed regulation by the European Union threatens the stability of the financial markets, according to a recent report by Reuters. The lawmakers think that in order for regulation to work, it needs to be uniformed and signed off on by the powers that be
Is the bloom off hedge fund manager John Paulson or should I say the shine? If you read recent reports about Paulson and his gold fund in the Wall Street Journal and The New York Times, one would think the sky is falling and his mine has run dry. It
It seems that Wall Street and the financial services sector has had enough of the Obama Administration and Congress and as such have closed their wallets to the party. The Republicans, never one group that has had a problem saying no to money, has turned its fund raising efforts toward
It seems that the popular press has started to get the story right about why President Obama and Paul Volcker are good for hedge funds. Take a look at this post on a WSJ blog this morning. Sound familiar? The truth is the President and Washington have so much on
The recent news that Calpers is demanding more transparency from its money managers is sure to spark at trend with not only pension plans but all institutional investors around the world. If it is good enough for them, well, it should be good enough for all – right? Wrong! Transparency
The Dems don’t get it. And it’s becoming more and more apparent on a daily basis. The new legislation introduced by two of their senators, Barbara Boxer of California and Jim Webb of Virginia, has had me singing the great Ramones’ tune “Howling at the Moon (Sha-La-La).” What keeps running
Things are going to start to get ugly between the hedge fund folks and the mutual fund people. Read why in my latest column at Institutional Investor. Click Here.
In the wake of the loss of a super-majority in the Senate, President Obama sent shockwaves through Wall Street with his proposals for bringing order to what he and his advisors believe is chaos. The President and his senior economic team, which includes everyone’s favorite former Federal Reserve Chairman, are
Hedge fund managers are losing staff to the SEC according to a recent report detailing hiring trends in the industry.CLICK HERE TO READ It seems that the SEC is trying to make a number of areas stronger with talent that has understanding and experience about how the Street works. Is
It’s eleven days into 2010 and already the stories about the evils of the hedge fund industry are hitting the news sites. I have one thing to say to all the reporters who continue to write this stuff – Thank you. Without your stories, I’m not sure that I’d have
With the New Year comes a whole host of New Year’s resolutions, New Year’s ideas, New Year’s activities, and other stuff that needs to be done as the old year passes. The reality is that little if anything gets done. Change doesn’t come simply because the clock strikes midnight: It
Those who read this blog with some regularity will not be surprised to read that on Wednesday I was frustrated. I was frustrated because nothing was happening, even though less than twenty-four hours earlier the HEDGEAnswers December call was a great success. But on Wednesday morning nothing was happening. The
The New York Times, The Wall Street Journal and every other major and most likely minor news organization were littered today with stories of a hedge fund manager pleading guilty to running a Ponzi scheme. Read the story here. Along with this piece of news, we also learned that Congress
Here we are a year after the Madoff mess and the question is: Are we any better off than we were when the whole thing came crashing down? The answer, of course, is no – nothing has changed. The press still is complaining about the “high fees” hedge fund charge,
It seems that no matter how hard people try, it’s impossible to take the bloom off the hedge fund rose. On Monday, two articles caught my eye regarding my beloved industry. The first was a Wall Street Journal blog posting with the headline “Hedge Funds Set For Best Year in
