All worked up for nothing…
Over the last year-and-a-half, maybe more, the threat of the enactment of the JOBs Act has had advertising sales folks licking their lips in anticipation of dollars from hedge funds. Well, the law went into effect and guess what? Nothing happened. The billboards in Times Square are still focused on coffee, booze and clothes and the ones outside of both the Holland and Lincoln Tunnels are all about doing AC. So, lots of hubbub, all in ending in a dud. Sure, the there is still time for ads to be bought in time for the Super Bowl, maybe even the World Series — this can only happen if USAA gives […]
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 […]