Sell-out Uncovered in a Private Equity Buy-out By Stephen Bornstein After thinking about it for almost a year, management of Del Monte Foods Company finally decided in late 2010 to sell the company to a private equity group led by KKR. Del Monte then hired Barclays Bank – one of its trusted investment banks — [...]
SEC proposes new rules to implement JOBS Act provision about hedge fund solicitation and advertising in securities offerings. The Securities and Exchange Commission took a nice stride today in proposing the long awaited “new rules” for General Solicitation of a Regulation D Rule 506 Securities Offering. State Regulators Chairman Maria Schapiro and her staff launched [...]
Hedge funds may go from soliciting individual investors to world wide advertising campaigns under a rule set for proposal by SEC. The proposal is driven by a law that repealed a ban on marketing such investments to all but a select few investors, such as those accustomed to pumping cash into hedge funds. JOBS Act, [...]
Few years after leaving office after a sex scandal former South Carolina Governer Mark Sanford is engaged to his Argentine mistress, Maria Belén Chapur. “Yes, we are engaged, and I’m both happy and excited for what that means,” he told CNN. “I have long expressed my feelings for her. She’s a wonderful person. My closest [...]
Richest hedge fund founder George Soros’ fund bought 7.9 percent of the Class A shares in Manchester United, the English soccer club that had an initial public offering this month. George Soros disclosed the stake in Manchester United in a regulatory filing today. Manchester United, which has won a record 19 championships, raised $233.3 million [...]
Carlisle Brigham falls fatally from LES stairs by tripping on her high heels after partying. Carlisle Brigham — the 29-year-old daughter of wealthy investment banker and former New York City Budget Director James Brigham — was dressed all in white as she tumbled down the steep marble stairs of a pal’s apartment building at 191 [...]
David Einhorn founder of hedge fund Greenlight Capital, contributed to a second venture fund for his father and brother’s firm. David Einhorn, president of Greenlight Capital, contributed to a second venture fund for his father and brother Daniel Einhorn’s firm. When David Einhorn was just an analyst in the his family gave him $500,000 start [...]
Women in Togo have gone on sex strike for a week from Monday to push their political demand for reform. Inspired by sex strike by Liberian women in 2003, who used a sex strike to campaign for peace, Togo women call sex strike against President Gnassingbe. The ban has been called by opposition coalition Let’s [...]
Mitt Romney secretive hedge fund documents revealed via Gawker Documents of 20 secretive hedge funds and other investment vehicles in which Mitt Romney has stashed his considerable wealth. All told, the partnerships and limited liability corporations detailed below accounted for, at minimum, $10,069,000 of Romney’s assets in 2011 and yielded $913,300 in income, according to [...]
Politician Vito Lopez, one of the most powerful politicians in the state, is being stripped of his power after engaged in repeated instances of “both verbal and physical sexual abuse.” Brooklyn Assemblyman and Democratic leader Vito Lopez, one of the most powerful politicians in the state, is being stripped of his power after engaged in [...]
Disgruntled ex employee kills his former boss at Empire State Building, 9 others injured before cop shoots him. Angry ex employee, Jeffrey Johnson gunned down a former coworkers on a busy Midtown street and then turned his weapon on police officers right in front of the Empire State Building — and in the ensuing gun [...]
Hamptons contractor Joe Schwenk, dishes dirt on hedgies and billionaires who hired him It was another summer in paradise. My guys and I did just about everything. Beyond the leaky roofs, broken pool heaters, and $50,000 tree installations (for one tree, singular), we also built a backyard dirt bike track for a kid’s 13th birthday [...]
More redemptions for John Paulson’s hedge fund Paulson & Co as Citigroup Inc.’s private bank is pulling about $410 million The private bank is redeeming from John Paulson’s Advantage Fund and Advantage Plus Fund, said the people, who asked not to be identified because the information is private. Citigroup is also pulling from the Merger and [...]
While Zuckenberg ‘s been chilling on West Side Hedge fund Hunk Thiel Sold 20.06 Million FB Shares For $395.8 Million last week. Securities and Exchange Commission filings show that Peter Thiel sold 20.06 million shares of Facebook for an average of about $20 a share, netting $395.8 million. According to the filing, Peter Thiel sold 20,058,068 [...]
A Woman was having sex in the water with a Frenchman before switching to perform a sexual act on one of his pals in the large backyard pool of the Water Mill “Castle,” which is not so tastefully decorated with a golden dragon statue. But, “Her ex-boyfriend was watching this happen,” says one source Sir [...]
Dan Loeb and Bill Ackman might be the hottest activist hedge fund hunks making spicy headlines from firing and hiring CEO-s to selling real-estate to hedge fund dating and matchmaking. But they still are not sitting down with Angela Merkel and other world leaders. The nr 1 in our hedge fund influence list is a [...]
Zingers from Buffett, Welch and Weill – By Stephen Bornstein Bold ideas to fix Wall Street from three unexpected sources Three of the biggest names on Wall Street have sent shock waves through the financial system with bold and ironic antidotes for curing its ills: Warren Buffett calling for raising taxes on the rich; Jack [...]
Stock Broker’s Glory A young stockbroker decided to take a day off and visit some of his professors in his old school. When he made his way into the entrance he noticed a dog was attacking a small child. He quickly grabbed the dog and throttled it with his two hands. The next day the [...]
Doug Whitman – manager of hedge fund Whitman Capital made nearly $1 million from 2006 to 2009 by receiving inside tips about companies earnings. California hedge fund founder was convicted of insider trading Monday by jury that rejected his claims that he was careful never to trade based on secrets he received about public companies. [...]
Autism Speaks to Young Professionals (AS2YP) hosted its fourth annual summer gala at the Big Board and it was their biggest turn out, to date. The purpose of the event is to increase awareness and raise funds for Autism, a disorder that now affects 1 in 88 American children. The event raised more than $90,000, [...]
