Late last month a defamation lawsuit was filed against the journalist Michael Lewis. The irony of Mr. Lewis being sued for vilifying anybody is that his body of work is so scrupulously villain-free as to cause the reader to suspect the author has some skeletons in his closet. He wrote a book about baseball in 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
In one of the more striking cases of earnings-call badassery from the third-quarter earnings season, FrontPoint hedge fund manager and The Big Short honoree Steve Eisman today took Genworth Financial CEO Mike Frazier out to the verbal woodshed (call transcript provided by Dealbreaker):
Frankly, the only accomplishment that this management team can truly point Read More
“Are you a bee? Do you like to sting people?” a handsome banking executive in a merlot-colored suit growls to his protégé. It is early afternoon in the third-floor offices of a midtown skyscraper, the News Corporation headquarters, and select middle-aged men are watching an advanced screening of Wall Street: Money Never Sleeps, the Oliver Read More
Hedge fund heavyweight Steve Eisman and wife Valerie Feigen have sold their second 1125 Park Avenue apartment, according to city records, this time for $4.3 million. The hedge fund manager sold to Peter Halloran, CEO of Pharos Financial Group, a hedge fund active in the securities market of Russia and the former Soviet Union.
According Read More
