Bond fund manager Bill Gross, a man who does some of the country’s most influential financial thinking in darkened conference rooms, and while standing on his head doing yoga, has added his name to the list of smart people who are a bit panicked about deflation. The Journal reports that the head of Read More
A federal judge today denied hedge fund manager David Tepper’s attempt to stop the Stuyvesant Town foreclosure, Reuters reports:
“A U.S. judge on Thursday denied a bid by the Appaloosa Investment LP hedge fund to join a lawsuit to foreclose on New York’s massive Stuyvesant Town/Peter Cooper Village apartment complexes.
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U.S. District Read More
The covers of the Wall Street Journal and the New York Times‘ business section today both have huge stories on Wall Street pay. And they look very different.
The Times story, “Pay of Hedge Fund Managers Roared Back Last Year,” says that the country’s top 25 hedge fund managers made $25.3 billion last year, Read More
There’s a World War I analogy in here somewhere.
Less than two weeks old, the foreclosure of Stuyvesant Town has hit its first major bump in the road, courtesy of hedge fund Appaloosa Investment, the New Jersey-based firm that took in a reported $7 billion in profit last year.
The firm, controlled by Read More
