Hungarian-born Mr Soros, while being a notable philanthropist championing liberal causes, is also known as the ‘Man Who Broke The Bank Of England’. He made an estimated £600 million during the 1992 ‘Black Wednesday’ UK currency crises, correctly predicting that the British government would have to devalue the pound. On 16 September, 1992, his fund [...]
Hedge fund paying $9M; won’t be prosecuted The Securities and Exchange Commission said today that Diamondback Capital Management agreed to pay a $3 million fine to settle civil insider-trading charges and it will forfeit $6 million in alleged illegal profits in an agreement with the Justice Department. The department won’t prosecute Diamondback, based [...]
I don’t know but here are some hints, courtesy of the Daily News: * He’s married * He has three kids * He’s dumb enough to a) not employ a little known response called ‘No Comment,’ and b) think anyone would buy this: “She is a friend and that is it,” the man, who asked [...]
A security guard at Ray Dalio’s hedge fund behemoth Bridgewater Associates was caught on a security camera (duh!) taking an iPad from an employee’s desk. [via DealBreaker] She was promptly fired. But the iPad isn’t all she allegedly took. From The Daily Westport: Katlyne Lauture, a former security guard at Bridgewater Associates, was spotted on [...]
Playboy model wants $5m after cross-dressing boxer Oscar De La Hoya ‘hosted drug-fuelled hotel sex romp and attacked her’ Angelica Marie Cecora claims Olympic boxer ‘took advantage of me’ De La Hoya held ‘drug-fuelled romp’ at posh Ritz hotel in New York Boxer ‘put on her underwear and ordered drugs after consensual sex’ She alleges [...]
As reported by Keith Olbermann, Raw Story and NorthJersey.com, disturbing charges were leveled against James O’Keefe, the undercover “pimp” made famous in videos that informed a Congressional vote to defund ACORN (later ruled unconstitutional). A conservative blogger from Tampa has reportedly shared details indicating she believes she became incapacitated and had her underwear stolen while [...]
Former Hewlett Packard CEO Mark Hurd made increasingly aggressive romantic advances over several years toward an independent contractor who later accused him of sexual harassment, according to claims in a letter from her lawyer obtained by Reuters. The letter, ordered unsealed and allowed to be made public for the first time since the scandal [...]
Stephen Schwarzman’s 3-story Park Ave palace with room for servants Stephen Schwarzman, one of Wall Street’s most prominent deal makers, is going out of his way to keep the details of his personal fortune a closely held secret. Blackstone Group LP is changing the structure of its investment in a Florida bank after Mr. Schwarzman, [...]
Unfortunate news for those who’ve been patronizing High Class NY: the “high-end” escort serviced based in Sheepshead Bay, Brooklyn has been shut down by the Feds, who then indicted 17 people involved in the business. For those of you not intimately familiar with HCNY, it was a family affair run by husband and wife Mikhail [...]
“Arbitrage,” a film in which Richard Gere is neither an officer nor a gentleman but a crooked hedge fund manager, will have its first screening on Saturday at the Sundance Film Festival in Park City, Utah. Director: Nicholas Jarecki Writer: Nicholas Jarecki Cast: Richard Gere, Susan Sarandon, Tim Roth, Brit Marling, Laetitia Casta Theatrical Release Date: Festivals: Sundance Film Festival Synopsis: A hedge-fund [...]
A prostitution ring that provided some almost unbelievably expensive services to New York’s hedge fund community is no more. The Brooklyn District Attorney’s Office this week announced that it had indicted 17 people connected with the High Class New York escort service. And the only thing higher than the Sheepshead Bay-based operation’s class were its [...]
“Last night was the annual Greenlight Capital Partner Dinner. David’s presentation was very witty this year as always; he said 2011 was ‘hardest I’ve ever had to work for 2%.’ He also described the returns as ‘boring.’ He noted he had 8 down months this year which is notable for the fact that he [...]
Lisa Maria Falcone From Park Avenue fundraisers to Hollywood films, Lisa Maria Falcone is doing things her way. And that includes sometimes playing soccer with her kids in Central Park wearing a Lanvin dress and opera-length pearls. Read our interview with the fashion fan/philanthropist/budding film producer. Lisa Maria Falcone at MoMA’s 40th annual Party in [...]
Needham man among 7 arrested in insider trading sweep Dell scheme said to net over $60m A former hedge fund manager from Needham was among seven people charged yesterday by federal authorities in an insider trading case that allegedly earned more than $60 million in illegal profits on shares of computer giant Dell Inc. Todd [...]
Though they’ve got three more months to turn things around, 2011 is on track to be a year most hedge fund managers would like to forget, performance-wise. John Paulson , Whitney Tilson and even among those making money, the gains are a measly 3 or 4 percent a month. One investor who stands out [...]
