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Posts Tagged ‘blogosphere’

Tales From the Hedge Fund Crypt

Thursday, May 14, 2009 : Permalink

Reuters – What is it about siblings and the White House? Jimmy Carter had Billy, Hillary Clinton had Hugh Rodham, and George W. had Neil Bush. If Abel got elected president, it’s a near-certainty that Cain would have skipped the fratricide and instead built a nice little business trading off his brother’s name.

The family saga that’s gotten the blogosphere riled up in recent days doesn’t have to do with the president. It’s the vice president’s brother—Jim Biden—and his son, R. Hunter Biden, who’ve been drawing attention, thanks to a midsized, New York-based money-management firm they bought control of in 2006 called Paradigm Global Advisers.

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VP Biden Hedge Fund Scandal: Why There’s Nothing Anyone Can Do To Prevent It

Monday, May 4, 2009 : Permalink

BNET – A hedge fund Ponzi scheme scandal is breaking in the blogosphere – and it goes right to the top of political power.  A little while ago, blogger John Hempton, who writes Bronte Capital, a finance blog, started sniffing around Connecticut-based hedge fund Ponta Negra. 

Hempton didn’t like what he found. After legal threats from the fund’s lawyers, Hempton retreated until a court ordered a freeze on the assets of Ponta Negra fund manager Francesco Rusciano amid allegations he lied to investors to raise more than $30 million. After that, the blogger published his findings.

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