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Eventually excessive greed bites people in the ass!
Mars FX Hedge Fund Goes Bankrupt.
$600 Million Missing,
Criminal Investigation, and Hedge Funds Want Even Less Oversight???
“…Tutera, 70, who was swindled in the GPB Capital fraud several years ago, has now sworn off hedge funds and private equity. “I’m really fed up with
Monthly Archives: July 2013
Brazilian billionaire offers teachable moment
The number of zeros involved in this story are extreme, but the human errors of over-concentration, hubris, failure to understand the mean reverting nature of cycles and a lack of risk management rules are actually very common and offer a … Continue reading
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Wall Street’s biggest layoffs ahead
Justice to reckless bankers this cycle has been a painfully slow process. The maniacal practices that they perpetrated on families, companies, cities, states and countries in the credit/securitization bubble caused lasting harm to real people and the global economy. The … Continue reading
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Action against SAC: one small step in the right direction
If anyone keeps SAC Capital Advisors founder Steven Cohen up at night, it’s Preet Bharara, the U.S. Attorney for the Southern District of New York. Here is a video report. Also see DOJ Preet’s news conference on the allegations now … Continue reading
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