Stuff I’m Reading… A quick note on the fate of the mega rich and the American Dream. (JoeFahmy) Did the 00’s Suck? (Rortybomb) Bess Levin outs herself in The New York Observer. Not just wickedly clever and cool, but adorable as well. (NYObserver) The hedge fund community distances itself from SAC, feverishly combing through phone…
SAC
Why Greenwich PD May Run Out of Handcuffs Soon
At last count, the insider trading ring that was originally busted in mid-October has already included roughly 30 people arrested so far. With high profile funds like SAC Capital being closed in on, it’s helpful to get a better idea of how this thing was actually run. The below infograph comes to us from the…
NY Post: Hedge Fund Turnaround Cheat Sheet
Your average passively-managed 401k account probably saw anywhere from 20 to 40% returns since February and is most likely flat to modestly positive on the year. People close to retirement are not throwing a parade just yet, but still, things have obviously gotten…umm…less grim. How have the Masters of the Universe done, though? The New…
