This hedge fund manager, who claims he’s both "handsome and romantic", didn’t post a picture with the ad seeking his soulmate — he gave prospective dates a video…..
Tags: Craigslistspotting
Archive for July, 2006
Craigslistspotting: This hedge fund manager graces prospective dates with a video
On July - 31 - 2006
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Happy Birthday shoutouts to Mark Cuban, Milton Friedman and Robert C. Merton
On July - 31 - 2006
Happy birthday wishes are in order for:
Outspoken billionaire entrepreneur and Dallas Mavericks owner Mark Cuban: 48 (Birthdate 7/31/1958)
Nobel prize winning economist Milton Friedman: 94 (Birthdate 7/31/1912)
Nobel prize winning economist and Long Term Captal Management co-founder (with a recently announced new hedge fund venture) Robert C. Merton 62 (Birthdate 7/31/1944)
Tags: Birthdays
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NFL commissioner draft: Number two Fidelity guy is on the shortlist
On July - 31 - 2006
Robert Reynolds, vice chairman and chief operating officer at Fidelity Investments has been chosen as one of the five finalists being considered for the NFL commissioner gig….
Dick Grasso forced to change legal horses as his trial is moved up
On July - 31 - 2006
Charlie Gasparino in Squawkblog: One of the consequences of the judge in the Elliot Spitzer vs Dick Grasso legal fight moving the trial date forward to September 5 from October 30 is that Grasso can’t use his pitbull attorney Brendan Sullivan. The expected six week trial coincides with another case that Sullivan is involved in: the third retrial of former Cendant chairman Walter Forbes by the US Attorney’s office in New Jersey.
Grasso loses Brendan Sullivan – Squawkblog
Tags: Dick Grasso, Eliot Spitzer, Ken Langone, Lawsuit, NYSE
Gored trader Ray Ducharme being moved to Atlanta for treatment
On July - 31 - 2006
Update: Ray Ducharme, the Bank of America trader gored by a bull in Pamplona on July 7 is being helicoptered to the Shepherd Center, an Atlanta hospital specializing treatment and rehabilitation of spinal cord and brain injuries.
Ducharme moved to Atlanta for treatment – AP via News 14 Carolina
Tags: Bank of America, Ray Ducharme
High Stakes game: Pequot Capital bean counter makes it to the World Series of Poker
On July - 31 - 2006
Brian Fidler, an accountant with Pequot Capital, has a seat at a very big poker game. In April, the 27 year old Fidler won an internet poker contest at fullcontactpoker.com — he won a year’s worth of lessons from the legendary Daniel Negreanu. And also part of the prize package: a $10,000 seat at the World Series of Poker in Las Vegas where the winner walks away with a $10 million prize….
Tags: Pequot Capital, Poker
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Auction raises $2 million for hedge fund scammer assets
On July - 31 - 2006
The goodies that scamming former hedge fund manager Kirk Wright purchased with his investors funds fetched around $2 million at an Atlanta auction, a fraction the $100 plus million he’s accused of stealing from them….
Tags: Hedge funds, Kirk Wright
SIA sues Utah over short sale rules
On July - 31 - 2006
The Securities Industry Association (SIA) is fighting back against a recently adopted law in Utah aimed at curbing naked short selling. They filed a lawsuit on friday in federal court seeking to overturn that law…
Tags: Overstock, Patrick Byrne
Merrill shakeup: Another senior banker leaves
On July - 31 - 2006
Merrill Lynch’s investment banking shakeup, announced last week, has claimed another high level executive. Jeff Chandler, with the firm’s fixed income group where he was head of credit, real estate and structured-products trading, has left the firm. He’d been with Merrill since at least 1998, and had other positions within the firm including global head of debt syndicate and head of high-yield bond trading….
Tags: Merrill Lynch, Revolving Door
Meet the new owner of the New York Observer
On July - 31 - 2006
The New York Observer has a new and very young owner: 25 year old Jared Kushner, paid $10 million for a majority stake. He’s the son of Charles Kushner, a New Jersey developer who was sentenced last year to two years in prison after pleading guilty to 18 counts of tax evasion, witness tampering and illegal campaign donations….
Tags: Media
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Wall Street Folly Headline Roundup – 7/31/06
On July - 31 - 2006
- Carlyle plans $1bn push into Mideast
- Sarbanes-Oxley means ‘huge leak’ for US capital markets
- James Brown sues financier over $25 mln Bowie bond deal
- New plan to crack down on money laundering [in the UK]
- How Tax Shelters Brought Trouble To Billionaire Clan
- Credit Agricole, Societe Generale May Merge U.S. Futures Units
- Accel-KKR Opens New Office in Atlanta, Georgia; Firm Expands On-Site Operations To East Coast
- AOL to Launch Portal for Videos Amid Overhaul
- SanDisk to Acquire M-Systems for About $1.3 Billion
- Hub sets citywide WiFi plan [Boston]
- A Revitalized US Airways Is Creating a Merger Buzz
- Coal May Surpass Oil as Better Bet on Demand for Cheaper Fuel
- Enron Victims to Have Their Say at Sentencings
- Brother act steeled to try rare takeover [Esmark]
- Ugly Duckling – Perelman Pushing Beauty Giant Revlon To The Brink
- Newspapers to Use Links to Rivals on Web Sites
- CNN to boost citizen journalism initiative
- Adelphia Deal May Cut Time Warner’s Programming Costs, but Not Customers’ Bills
- Wal-Mart employees in China set up union
Sunday papers differing angles on the bottle wielding John Washington
On July - 30 - 2006
The story keeps getting more bizarre: According to several UK papers on Sunday, John Washington, the champagne bottle wielding and still on-the-lam attacker of a banker, is now claiming that he thinks he may have been drugged with a substance like roofies (aka Rohypnol, the date rape drug); he says he can’t even remember the incident, although his accounts seem to change some from interview to interview. He’s also claiming that he’s gotten anonymous death threats: 22 of them so far. And we notice that all of his websites have been taken down. Also, according to press reports, Washington is way older than we thought. One report says he’s 32, and another says he’s 43. Given one news story mentioning that his mother is 80 and his former investment banker dad is 86, we’re guessing that 43 is about right unless mom was nearly 50 when he was born. (Thanks to a reader for the picture of Mr. Washington dressed as his "ancestral relative" George Washington) Note: we had to remove the picture as we were told by our blog host that it violated the terms of their agreement.
And what of his victim? Lucky for Mr. Washington, it sounds like there’s good news on Colin Hall. After five days unconscious, he’s awake and said to be improving.
Here’s some of the dramatic coverage from the Sunday UK press:
Tags: Crime, John Washington
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Wall Street Folly Headline Roundup – 7/30/06
On July - 30 - 2006
Goldman starts property tracker Rich ex-husbands face fresh divorce claims Allan Sloan: A Very Private Moment – More companies like HCA are eliminating pesky shareholders and avoiding government regulators Investors, Watch Your Wallets if Managers Lead the Buyout A Counselor Pulled From the Shadows [Larry Sonsini] SEC orders proxies to be written in plain English Exodus ends Blair bid for its 8th fund [William Blair] Manhattan’s Financial District Remade by Influx of Residents
Oxford student in banker attack wants to give himself up
On July - 29 - 2006
The old ‘I thought it was cranberry juice’ defense: The American Oxford student wanted in the alleged St. Tropez nightclub attack on banker Colin Hall has apparently surfaced according to BBC report, and he wants to give himself up. John Washington claims to have "absolutely no recollection" of the incident, where he’s said to have cracked a bottle of champagne over the victim’s head. His french solicitor has advised him to wait to turn himself in although he says "I have never had a stronger impulse in my life than to tell the police.". Why do we think this story sounds so fishy?
Tags: Crime, John Washington
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Selected Barron’s headlines
On July - 29 - 2006
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Wall Street Folly Headline Roundup – 7/29/06
On July - 29 - 2006
- Leveraged buy-out train builds steam
- Big firms advising/investing in buyouts
- Ex-Apax star in €1bn new venture
- Citigroup lures team away from Lehman
- SEC investigates Activision over stock options
- SEC charges three over ‘vicemail’ stock tips
- Microsoft sees the beginning of the end for PCs
- Microsoft Analyst Day: Post-Game Reviews Mostly Bullish
- Pfizer Names Kindler Chief, Replacing Hank McKinnell
- United curtails JFK overseas flights
- 3 of L.A.’s Billionaires Have Eyes on Times [Los Angeles Times]
Bernie Ebbers Conviction upheld by appeals court
On July - 28 - 2006
Worldcom CEO Bernie Ebbers has failed in his attempt to get his conviction overturned. His lawyer had argued that Ebbers didn’t get a fair trial because three former Worldcom executives, who the defense believed would give testimony to support Ebbers’ case, weren’t given immunity by the government.
The ruling by the three judge panel of the U.S. Second Circuit Court of Appeals could clear the way for Mr. Ebbers to begin serving a 25-year prison sentence for his actions as head of the onetime telecommunications giant.
Tags: Bernie Ebbers
Citigroup raids Lehman bankers
On July - 28 - 2006
Citigroup grabbed what sounds like a whole team of bankers from rival Lehman Brothers for it’s New York based financial services group. Henry Michaels is joining Citi as co-head of diversified financial services.
Michaels will be joined by five other colleagues: John Roddy, a managing director, Jerry Wiant, a director, Sean Burke, a vice president and associates John Minor and Donald Lacey.
Michaels has worked on a number of financial deals, including Royal Bank of Scotland’s (RBS.L: Quote, Profile, Research) acquisition of U.S. bank Charter One and Washington Mutual’s purchase of Dime Bancorp. He will report to Hamid Biglari, Citigroup’s global head of financial institutions.
Citi hires six Lehman financial services bankers – Reuters
Tags: Citigroup, Lehman Brothers, Revolving Door
The Hottest Billionaire Heiresses
On July - 28 - 2006
Forbes has put together their list of who they consider to be ten of The Hottest Billionaire Heiresses:
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Entourage’s Aquaman: could it actually get a green light?
On July - 28 - 2006
CNBC’s Joe Kernen may be able to talk about Aquaman’s grosses without having to explain that he’s joking: although there are significant hurdles to overcome and it may still be a longshot, Aquaman the movie might actually get made. Maybe. Unless they’re joking.
"Aquaman," one of Hollywood’s hottest inside jokes, might make the move from fiction to reality. As a key plot line in HBO’s "Entourage," the "movie" directed by James Cameron shattered box-office records (a feat that got it a real ad in Variety), turned an unknown actor into a $20-million movie star and sparked a fight over a sequel.
But now, informal talks have been launched about the feasibility of making a real Warner Bros. "Aquaman" movie. In one of the strangest twists of this life-imitating-art tale, the talent agent at the center of the informal "Aquaman" talks is Ari Emanuel, the brassy Endeavor partner on whom "Entourage" agent Ari Gold is based.
Tags: Entertainment
Uncategorized
Good news at Comcast bad news for Vonage?
On July - 28 - 2006
Pali Research analyst Richard Greenfield believes that Comcast’s recently reported impressive results are bad news for Vonage. Comcast is expected to lower prices which could cause Vonage even more indigestion than they’re currently suffering. Tech Trader Daily writes:
Social networking sites and chat rooms face school & library bans
On July - 28 - 2006
Social networking at schools and public libraries may be confined to canoodling in the book aisles if U.S. House of Representatives has anything to say about it. They voted on Thursday to approve a bill that would make "social networking" sites and "chat rooms" inaccessible to minors. However, it seems like many other commercial sites like Amazon and Slashdot will also become inaccessible under their broad definition of off-limts websites….
FSA wins the war against former GLG star trader Jabre as he withdraws appeal
On July - 28 - 2006
Former GLG star trader Philippe Jabre withdrew his appeal over the £750,000 fine levied against him by the FSA over alleged insider trading, handing the regulator a rare victory. Next, he’s likely to be banned from trading in the City.
"Although Mr. Jabre disagrees with the FSA’s decision, he considers he had a fair hearing before the Regulatory Decisions Committee and he accepts its decision," a statement issued by the former GLG Partners manager said.
"All it means is he’s accepted the original decision by the FSA," said Richard Campbell, Mr. Jabre’s spokesman. "That means paying the fine and getting on with his life."
Tags: FSA, GLG Partners, Philippe Jabre
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Wall Street Folly Headline Roundup – 7/28/06
On July - 28 - 2006
- FSA warns institutions on risk of asset price correction
- MergerTalk: Poison pills become slightly less bitter
- Buy It, Strip It, Then Flip It – The quick IPO at Hertz makes buyout firms look more like fast-buck artists than turnaround pros. Investor beware
- KKR Plans Record Debt for PagesJaunes Takeover, Bankers Say
- I.R.S. Reviewing Companies in Options Inquiries
- US junk bond funds report $56 mln net inflows
- Emerging debt-Risk appetite grows, Brazil to swap debt
- Venture Capital Moves Out of the Garage
- Is eBay the incubator of the stars?
- Bernanke: More energy derivative regulation not needed
- NYSE on track to close Euronext deal Q1 2007 – CFO
- NYSE Second-Quarter Net Quadruples on Archipelago
- CBOE to launch new stock exchange next year
- Man Group Buys Majority Of Eurex’s U.S. Division
- Deep Secret: Why Auditors Are Replaced
- Microsoft fails to ease investors fears on Windows
- `The empire’ strikes back [Intel's new line of chips]
- Hangin’ Out With Woz
- Ghosn Says Gain From GM Link Must Be 10 Times Risk
- SEC settles with WorldCom execs, says Sullivan has no more money
- Former Qwest CFO To Be Sentenced
- Univision CEO built fortune by mastering when to buy, how to sell
- Kazaa Agrees to Pay $100 Million to Music Companies
- YouTube CEO: IPO would be ‘exciting’
- Amazon strikes Hollywood deal
- Hollywood Agency ICM Acquires Small Rival
- Media Mogul Summons the Powerful to Expound [Rupert Murdoch]
- Las Vegas Isn’t Feeling So Flush
- Outback slashes forecast, hires financial adviser
- Wal-Mart Announces Sale of German Business
“Private portraits by Pricasso”
On July - 27 - 2006
This has nothing to to with the market or investing (although we know how some of you love to pour money into art), but we thought it was hilarious. This guy paints with his…ahem…. (Note: there is nudity; the short video is 1:51 long):
The star of this year’s annual Sexpo in Sydney is Tim Patch, a.k.a. Pricasso who uses his privates to paint portraits.
It’s that time of year again — when Sydney goes sex-mad.
Patch says there are a lot of extra things he has to consider compared to other artists. For a start, he has to be careful to use only water-soluble acrylic paint and, according to him, positioning is everything.
Private portraits by Pricasso – Reuters Video (click on the link to view)
