Hedge Funds 1 – George Clooney 1 – Investors O
The recent exchange between Hollywood heavy weight George Clooney and hedge fund industry heavyweight Dan Loeb about the Sony Corporation is laughable. What is even funnier is that Ashton Kutcher got involved with commentary on the situation in an interview on CNBC. Next up Betty White is going to chime in and perhaps if we are lucky, a hedge fund industry commentary will add his two cents. Simply put, movie stars need to stick to making movies and hedge fund folks need to stick to making money. While I have not met either of the men, I will say that I am a fan of both of their work. On […]
The Effect of the SAC Indictment or Lack Thereof…
Over the last few months hardly a day has gone by without some news story about SAC Capital. It seems that journalists around the globe having been filing stories en masse about everything and anything having to do with the government’s case, Steve Cohen’s art collection and his recent real estate acquisitions. Last week the papers were filled with stories about a recent benefit he had at his Hampton’s estate. The press clearly is in love with all things SAC and its founder. However, now that the issue has finally come to head, the question is what if any effect will the indictment of SAC have on the hedge fund […]