Gotham loves a good christening. So when The Journal introduced Preet Bharara as “the new sheriff of Wall Street” on Nov. 22, it was a cinematic day for the second-year U.S. attorney for the Southern District and his wide investigation into insider trading. Three hedge funds connected to the multibillionaire Steven A. Cohen were raided, Read More
The 269th wealthiest American was waiting for a train in Trenton, N.J. “How much is this, sir?” asked Leon Cooperman, who started Goldman Sachs’ asset management arm, then the hedge fund Omega Advisors. “A dollar fifty-nine, for water?”
Mr. Cooperman, according to Forbes, is worth $1.5 billion. “Exorbitant,” he sighed, “exorbitant water bill.”
Two days Read More
Observer readers may have lately noticed a new column by the Tuscan-born Four Seasons owner Julian Niccolini, who has referred to himself as a “restaurateur, actor, beekeeper, journalist and winemaker.” So far, Mr. Niccolini has written just like he runs his restaurant: with well-combed, neatly pinstriped, slightly demented glee. This reporter spent time with Read More
These women knew how to enter a room–and stay there in a permanent collection. The personalities, the tastemakers, the artists and intellectuals of their time, they were photographed and painted by superstars. These artworks have become some of the highlights in museums along Fifth Avenue, meaning these women, or their images, arguably occupy some of Read More
To hear the White House and State Department tell it, WikiLeaks’ publication of sensitive diplomatic documents will undermine the war on terror, jeopardize relations with allies and give hope to the nation’s enemies.
Talk about an overreaction. In fact, the controversy should remind us that government officials, especially those engaged in international affairs, have gotten Read More
“They better be fucking confident that they’re right before they destroy reputations,” a major New York hedge fund manager was saying just before midnight on Monday. Attorney General Eric Holder had confirmed an investigation of Wall Street that afternoon, 10 days after The Journal had broken news of a three-year insider-trading probe that “could eclipse Read More
FrontPoint Partners, one of the most important hedge funds in the country, may not live to see another Thanksgiving. According to several news reports, its investors want to pull about $3 billion from the $7 billion hedge fund, whose Steve Eisman had one of the most famous epiphanies of the housing Read More
There have been some excellent, low-voice, black-room Charlie Rose interviews this year, as always. Just last month, in fact, there was one with troubled financier Steven Rattner. He was back last night, but this time he had spectacles on. Another difference is that his disgust for New York State Attorney General and Governor-Elect Andrew Read More
There was a peculiar buzzing sound coming from somewhere inside the Credit Suisse meeting, a mildly annoying vibrating bleep. Paul Calello, the bank’s commodities and derivatives chief, checked his briefcase. The buzzes got louder.
His daughter had decided to send her Tamagotchi toy pet to work with him, and it was hungry. Mr. Calello stopped Read More