Tag Archives: pariah


Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff

New York Daily News - Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies. Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a […]

Global stocks and dollar swing ahead of Fed meeting

Reuters – Volatility spread across stock and foreign exchange markets on Tuesday as investors eyed a Federal Reserve meeting expected to cut interest rates and hint at future unorthodox monetary policies to lift the U.S. economy. European stocks reversed early […]

Forecasts blown to bits

London Free Press – The instability plaguing financial markets seems to have spilled over into the environment, making the winter forecast from Environment Canada a crapshoot of sorts, one of this country’s top weather gurus said yesterday. And with the […]

Why This Famous Raider Is Scooping Up Debt

Barron – In the 1980s, Carl Icahn loomed large as a corporate raider, in the mold of the Gordon Gekko character in the movie Wall Street. Icahn made a lot of money but was vilified for what some considered a […]

PXP Vietnam to start hedge fund, bets on stock recovery

Thanhnien – The PXP Vietnam Value Fund will raise as much as $200 million to invest in undervalued stocks, Snowball said.   PXP, the initials of Phan Xi Pang, Vietnam’s highest mountain, is betting that the stock market will recover […]

Billion-dollar hedge fund stars face grilling

Financial Times – Hedge fund managers who earned more than $1bn last year, including George Soros and Philip Falcone, are being summoned to Capitol Hill on Thursday to testify under oath about the potential risks their firms pose to the […]

Hedge funds could help finance growth

Reuters – Hedge fund managers could play a key role in jump starting the ailing U.S. economy if Washington offers them appropriate tax breaks, a prominent hedge fund industry lawyer said on Tuesday. Sitting on billions of dollars in cash, […]

European shares climb higher

Reuters – European shares climbed on Friday while most Asian shares fell as investors sought to balance economic worries with a new era of lower interest rates ahead of key U.S. jobs data. Oil dropped briefly below $60 a barrel […]

US dollar makes comeback, ‘bucking’ world downturn

North County Times – The stock market is retreating, credit markets are squeezed and many corporate earnings are diving. But one piece of the mangled U.S. economy is making an improbable comeback: the dollar. As the financial meltdown clobbers world […]

More weak data, hedge-fund selling seen this week

Arlington Heights Daily Herald – In a typical recession, stocks start recovering about six months before the economy does. The crisis the United States is in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening […]

Wall Street is likely to face another volatile week

Los Angeles Times – In a typical recession, stocks start recovering about six months before the economy does. The crisis we’re in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening on a massive scale, […]

Cramer’s ‘Mad Money’ Recap: Hedge-Fund Madness

The Street – Forced selling by hedge funds is behind the late-day market volatility these days, Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He fears we may never see a bottom until the selling comes […]

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