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Time is Right for Hedge Funds, Manager Says

Despite a tough run for hedge funds last year, at least one manager believes a number of factors have combined to create an attractive environment for hedge fund investing. The Nexar Capital Group, a fund of hedge funds firm formed in September, says ...

From ZACHERY KOUWE, Dealbook,  19 Nov 2009

Related Topics: Bernard Madoff

Paulson Gives 3rd-Quarter Investor Update

John Paulson, the hedge fund manager who gained fame betting on the mortgage crisis, sees big opportunities to wager on price discrepancies in banking stocks, according to his most recent letter to investors. Mr. Paulson and his team follow 70 banks ...

From ZACHERY KOUWE, Dealbook,  18 Nov 2009

Related Topics: CONSECO INC,  Pfizer Inc.,  Wyeth|WYE|NYSE,  Pepsi Bottling Group, Inc.,  AngloGold Ashanti Ltd.

Wall Street On Track for Record in Profits

Ten months ago, President Obama said a time would come for Wall Street to make profits and pay bonuses, but “now’s not that time.” But it appears that was exactly when Wall Street began to return to profitability. In a report released Tuesday by ...

From ZACHERY KOUWE, The New York Times,  17 Nov 2009

Related Topics: Morgan Stanley,  Goldman Sachs,  J.P. Morgan Chase & Co.,  Merrill Lynch,  Barack Obama

Millennium's Englander Examines Hedge Funds

Israel A. Englander is known for keeping a very low public profile, even for a billionaire hedge fund manager. But recently, the founder of Millennium Partners shared his views on the state of the hedge fund industry in a keynote address at the ...

From ZACHERY KOUWE, Dealbook,  17 Nov 2009

Related Topics: Goldman Sachs,  Citigroup,  Rodney Dangerfield,  Michael Jordan

Howard Marks on Lessons of the Financial Crisis

In his latest “chairman’s letter,” Howard S. Marks of Oaktree Capital Management takes look back at the causes and lessons learned from the current financial crisis. Mr. Marks, quoting Gordon Gekko’s “Greed is Good” speech, says the financial crisis ...

From ZACHERY KOUWE, Dealbook,  16 Nov 2009

Related Topics: Federal Reserve,  Alan Greenspan

Balyasny Finds Nothing Improper After Internal Probe

Balyasny Asset Management, the big Chicago hedge fund run by Dmitry Balyasny, discovered no signs of improper activity after conducting an internal review into trading records and communications of a former employee who recently surfaced in the insider ...

From ZACHERY KOUWE, Dealbook,  16 Nov 2009

Related Topics: Galleon Group,  EMC Corporation,  Wall Street Journal,  Raj Rajaratnam

To Zell, the Commercial Real Estate Crisis Is a Myth

Is the pending commercial real estate crisis everyone seems to be afraid of nothing but a myth? Sam Zell thinks so. Mr. Zell, the billionaire real estate investor who has been maligned for his bad bet on the Tribune Company, told a roomful of ...

From ZACHERY KOUWE, Dealbook,  12 Nov 2009

Related Topics: Sam Zell,  Tribune Company,  David Einhorn

Spike in 3Com Options Sets Wall Street Abuzz

Wall Street is buzzing about the enormous amount of volume in 3Com’s November and December call options, which give a buyer the right to acquire 3Com shares at $5 a share. Trading in 3Com call options surged on Wednesday to their highest level since ...

From ZACHERY KOUWE, Dealbook,  11 Nov 2009

Related Topics: Bloomberg News,  Raj Rajaratnam,  Galleon Group

Bear Stearns Managers Acquitted of Fraud Charges

Update | 3:34 p.m. Two former Bear Stearns hedge fund managers were found not guilty of fraud charges on Tuesday, The New York Times’s Zachery Kouwe reports. A jury in Federal District Court in Brooklyn said the two managers — Ralph R. Cioffi and ...

From ZACHERY KOUWE, Dealbook,  10 Nov 2009

Related Topics: New York Times Company,  J.P. Morgan Chase & Co.

Bear Stearn Managers Found Not Guilty of Fraud

Two former Bear Stearns hedge fund managers were found not guilty of fraud charges on Tuesday. A jury in Federal District Court in Brooklyn said the two managers Ralph R. Cioffi and Matthew M. Tannin did not lie to investors by presenting an upbeat ...

From ZACHERY KOUWE, The New York Times,  10 Nov 2009

Related Topics: J.P. Morgan Chase & Co.

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