James Marden, a financier with SK Capital Partners, is suing his ex-girlfriend, former portfolio manager Anne Marie Gagnon in a dispute over furniture and art. The heir to the Odd Lot Trading Company fortune went to the court to complain that his ex girlfriend was a “bitter” ingrate who swiped furniture and art when [...]
Investment Bank CEO Video Emerges Of Him Appearing In Blackface
March 22, 2012 by Leave a Comment
Investment bank executive black-faced at fundraising event emceed by movie star Tom Hanks and Eagles musician Glenn Frey. James Montgomery, the founder and CEO of California-based investment bank Montgomery & Co., is seen in the video footage parading around the auction wearing a leopard-print toga and a giant Afro wig with a blackface. Montgomery’s profile [...]
Financial Advisor Given A Boot after Forcing Client to Smoke and Drink Til She Cried
March 22, 2012 by 1 Comment
Amanda Daughters reduced a woman client to tears after demanding why she was only drinking spritzers and dragging the client’s partner outside for a cigarette even though he didn’t smoke. Exactly what happened at the Avalon pub, in Balham, south London, is hotly disputed by Miss Daughters who – whilst agreeing she was “a bit [...]
John Edwards Used Millionaire Madam Escorts
March 22, 2012 by 6 Comments
A call girl told investigators she was paid to have sex with former U.S. Sen. John Edwards He is the just one first big name to surface in connection to Gristina’s a prostitution scheme run out of an Upper East Side apartment. Edwards’ lawyer declined to comment when reached Wednesday. On Thursday morning, his attorneys [...]
Goldman Loses Bid Over Riski CDO
March 22, 2012 by 21 Comments
Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. The decision by U.S. District Judge Victor Marrero in New York keeps alive a hedge fund’s claims over a $2 billion offering of collateralized debt [...]
How Hedge Fund Managers like Coleman Make Billions Off IPO
March 22, 2012 by 17 Comments
Charles “Chase” Coleman III is the quintessential hedge fund trader. Like many of the industry’s top managers, Coleman learned to bet on stocks as a protégé of hedge fund legend Julian Robertson. But Coleman’s Tiger Global Management, a New York firm with $10 billion under management, has also mastered another strategy. Coleman was way ahead [...]
Biggest Billionaire Battles Among Hedge Fund Titans
March 21, 2012 by 1 Comment
Dan Loeb vs. Ken Griffin In 2005, Citadel founder Griffin’s poaching of New York hedge fund employees caught the eye of Third Point’s Dan Loeb. Griffin, who charges a higher management fee than traditional hedge funders, was allegedly luring the employees away with offers of higher salaries. Loeb, who is known for his scathing letters [...]
Third Point Want 4 Seats on Yahoo Board
March 21, 2012 by Leave a Comment
Hedge fund Third Point, which has a 5.8% stake in Yahoo (YHOO), said it believes the company would fare better if its representatives were in the boardroom helping overhaul Yahoo. Third Point’s letter, released in a regulatory filing Wednesday, comes a week after the hedge fund said it would launch a campaign to get its [...]
Madoff From Cocaine to Confessions
March 21, 2012 by 1 Comment
Bernie Madoff was exposed by federal authorities for orchestrating a $50 billion ponzi scheme, there were some other interesting revelations like sending people out to go buy cocaine for company use. Because of the ridiculous amount of cocaine in the office it was called “North Pole.” He would also provide “topless entertainers wearing only G-string [...]
Some Good News for John Paulson- Hartford bows to Paulsons Demands
March 21, 2012 by Leave a Comment
The Hartford Financial Services Group yielded to demands from John Paulson, and said on Wednesday that it would get rid of most of its life insurance-related operations. In February, Paulson, Hartford’s largest shareholder with an 8.51 percent stake, demanded that the company break itself into two companies, escalating a confrontation with management that began with [...]
Buffet Beating Hedge Funds In Bet on Stocks
March 21, 2012 by 1 Comment
Warren Buffett made a friendly bet four years ago that funds that invest in hedge funds for their clients couldn’t beat the stock market over a decade. So far he’s winning. The wager that began on Jan. 1, 2008, pits the Omaha, Nebraska, billionaire against Protégé Partners LLC, a New York fund of hedge funds [...]
Passport Capital Just Laid off 14 Employees
March 21, 2012 by Leave a Comment
Passport Capital LLC, the $3.8 billion hedge fund run by John Burbank, laid off 14 employees, seven of them from investment staff. Passport, which slumped 18 percent in 2011, gained 3.7 percent this year through February, the people said. “We made the difficult decision to do some downsizing of staff last week, reducing to approximately [...]
Hedge Fund Titans in the Making
March 21, 2012 by Leave a Comment
You’ve seen the list of Billionaire Hedge Fund Titans there fierce competition to the top. Here is the list of some of the young Hedge Fund Superstars that stood out from the rest. Who are the richest billionaire hedge fund managers – 30 richest hedge fund hot shots by net worth
Madam Investigation is Far More Extensive than Previously Disclosed- Also Confirms that Morgan Stanley is a Subject of the Investigation.
March 20, 2012 by 54 Comments
Prosecutors are dragging Gristina’s longtime private investigator, Vinny Parco, before a grand jury Friday, ordering him to spill the beans on the alleged high-priced sex ring, its principal players and additional names not previously mentioned in connection with the case, according to a copy of the subpoena. In the case against Anna Gristina, authorities are [...]
Wall Street Madam’s Girls Speak Out
March 19, 2012 by 3 Comments
It was the best job a woman in Manhattan could have, that is if you don’t mind sleeping with strangers and participating in an occasional threesome. Rich men paid $1,000 an hour to have sex with me at fancy hotels and an upper East Side flat. I split half the money with my boss, Anna [...]
Hedge Fund’s Most Toxic (Assets) Ex-s
March 18, 2012 by Leave a Comment
Steve Cohen Patricaia Cohen- Besides beiing sued annually by his ex. She has reported him to irs and she claims he admitted Insider Trading to her in a dinnertable in 1985.
Billionaire Ballers- The Most Expensive Real-Estate Ever Brought in US
March 17, 2012 by 1 Comment
Most expensive homes sold in the U.S. Billionaire Yuri Milner’s recent purchase of a French chateau-style mansion in Silicon Valley has emphasized on the value of some of the luxury properties in the U.S. despite the housing slump. Last year, the world’s richest man Carlos Slim Helu purchased a century-old Beaux Arts townhouse on Fifth [...]
Former Irs Is The Man Behin Millionaire Madam’s Hooker Business- More People Charged
March 16, 2012 by 1 Comment
Jonas Gayer, 68, has made at least 10 appearances since being indicted in 2010, under the name John Doe, on charges of money laundering and promoting prostitution, sources say. Gayer denies any connection to the sex-for-sale case but appears to be cooperating and may be able to answer a key question: Where is the $10 [...]
Fugitive Hedge Fund Manager Pleads Guilty
March 16, 2012 by 1 Comment
Hedge fund manager Brian Kim, who had appeared on CNBC television as a derivatives expert, pleaded guilty in New York state court on Friday to running a $6 million Ponzi scheme and will be sentenced to up to 15 years in prison. Kim, 36, who founded the now-defunct Liquid Capital Management, created fake monthly statements [...]
Madam Cooling Her Heels in Rikers, Will Her Wall Street Clients Get Off?
March 16, 2012 by 3 Comments
Just before Christmas last year, NYPD Commissioner Ray Kelly hosted a small, cosmopolitan group of pretty young women in his office at 1 Police Plaza. Most were immigrants to the city, having come from Asia, Central America, Eastern Europe and around the United States. Because of the sensitive nature of what they would discuss, only [...]
