Zero Hedge sat in on a talk Tuesday by hedge fund manager Seth Klarman, who sees very little potential in stocks during the 2010s. One investment category does pique his interest a bit, though.
Klarman said he is currently scouring for potential investments [in] private commercial real estate below the top quality. Publicly traded real estate investment trusts, however, have "rallied enormously" and are "quite unattractive," he said.
May 19, 2010 7:54 AM
Franklin-based WillowBrook Fund, which manages about $3 million for , was the best-performing hedge fund in the Barron's universe in March. WillowBrook, which will mark its fourth birthday this summer, is run by David McClary, a veteran investor who spent time at Equitable and Lehman Brothers' local operations, among others.
May 14, 2010 1:44 PM
Pensions & Investments has an update on the search by Metro's Employee Benefit Trust Fund for a firm to manage a long/short hedge fund-of-funds. Chief Investment Officer Fadi BouSamra is looking to put to work $195 million — up from $185 million in November and $170 million in August.
Apr 30, 2010 8:06 AM
After buyout chatter, New York firm becomes largest investor in behavioral health provider
Mar 23, 2010 8:53 AM
That seems to be what the smart money on Wall Street is saying. Almost four months after CVS Caremark said a number of big PBM customers had bolted — sending its shares down 20 percent — the company is a favorite both of analysts and hedge funds. And that big Nov. 5 drop in the stock? Five of the seven dollars lost that day have been recovered.
Feb 26, 2010 12:48 PM
The Journal has a good read (behind its pay wall) connecting the Galleon Group insider-trading investigation to the Monday closing of FTN Equity Capital Markets. Wall Street trader Danielle Chiesi, who was arrested in October in connection with the Galleon case, is a former fiancée of William Bischoff, the ex-CEO of the research unit of First Horizon. After that news broke, FTN sidelined Bischoff as it conducted an internal investigation that eventually completely cleared Bischoff. But by then, the damage to FTN's sale prospects had been done: More than a quarter of its analysts and brokers had walked and year-to-date revenues were off more than 60 percent, Bischoff told the Journal.
Feb 4, 2010 8:25 AM
The President lowers the boom on big banks, saying he wants laws stopping them from running hedge funds or private-equity entities and preventing further consolidation. The rhetoric is salty at best...
I welcome constructive input from folks in the financial sector. But what we’ve seen so far in recent weeks is an army of industry lobbyists from Wall Street descending on Capitol Hill to try and block basic and common-sense rules of the road that would protect our economy and the American people....and misleading at worst.
The American people will not be served by a financial system that comprises just a few massive firms. That’s not good for consumers; it’s not good for the economy. And through this policy, that is an outcome we will avoid.Last time I checked, there were still more than 8,000 banks in this country and many of them are competing tooth and nail for our business, which we can move almost at will whenever we want to. I know he's talking about a few players here — including the 24th-best place to work anywhere in the land — but lumping in thousands of other lenders is arbitrary and not very useful. It may actually be pushing a few more community-bank lobbyists in his direction. In equally vitriolic fashion as the President, Evan Newmark sums it up better than I can and corrects some more soundbites in the process.
Make no mistake — this war will damage the nation’s psyche. Just look at today’s stock market. In fact, the war’s unforeseen consequences are just now beginning to appear. It’s bound to get very, very messy because in fact, contrary to the President’s assertion, the 2008 collapse had little to do with the dissolution of Glass-Steagall or proprietary trading by banks.SEE ALSO: The full text of Obama's speech
Jan 21, 2010 1:47 PM
John Paulson, the hedge fund guru who has hit several home runs during the current recession, has told his clients that Bank of America could double in the coming year and change.
The firm follows about 70 banks internationally and said the 139 percent gain in those stocks since the market’s March low “has resulted in inefficient valuations creating what we believe are opportunities” to benefit from rising and falling share prices.
Nov 19, 2009 10:03 AM
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS