Jill Kargman's new novel, The Ex-Mrs. Hedgefund, was written before the economy came crashing down, which explains why if you pick up a copy—it came out last week—you may feel like you've been transported back in time to the middle of 2006, when everyone walking down Park Avenue was full of optimism and no one had…
You heard about the 25 men—and they are always men—who were ranked the top-earning hedge fund managers of the year, walking away with a collective $11.6 billion during 2008. What about the biggest losers? Alpha magazine will publish that list tomorrow, but Dealbreaker has the deets on the top three people on the list:…
Institutional Investor's Alpha magazine released its ranking of the top 25 hedge fund managers today. You'll be happy to hear that even though most people ended 2008 on a gloomy note, a handful of men who were already worth billions made billions more last year thanks to their canny trading strategies or the fact…
• Congress's efforts to recoup bonuses at AIG appear to have cooled over the past few days. And President Obama will make an effort to repair relations with Wall Street when he sits down with a dozen bank CEOs on Friday. [WSJ]
• More on Tim Geithner's proposal yesterday that the government be given the authority to…
It isn't easy to be a gold digger in a deep recession. You can't just expect to hit a club and find bankers standing on banquettes with a bottle of Cristal in one hand and a handful of $100 bills in the other. And you can't just stand outside the Lamborghini dealership on Long Island and expect to meet that special…
It looks like it's been a good year thus far for Phil Falcone, the hedge fund kingpin who resides in the ornate Guccione mansion, is the owner of a pet pig named Pickles, and made a fortune last fall betting against the British bank HBOS. (He also controls a big chunk of the New York Times, which probably won't go…
Some of these women are still riding high. Some may soon be packing up their homes in East Hampton and taking a final spin on the Gulfstream jet. Their identities after the jump.
Here's comforting news for investors in Dan Loeb's hedge fund, especially those who may have been under the assumption the hedgie's been hard at work to make up for his disastrous performance in 2008: Loeb spent time at the World Economic Forum in Davos hanging out with fameseekers Julia Allison and Meghan Asha, and…
Grim news for residents of Greenwich: Real estate prices plunged the most in three decades in 2008—the median home price fell 7 percent—and the number of houses sold dropped by more than a third as the financial crisis roiled the finance-heavy suburb. Billionaire hedge fund manager Steve Cohen isn't selling his…
We've reported on a number of companies (Citigroup, Travelers, Bristol-Myers) that have been looking to unload their expensive corporate jets in recent weeks as the U.S. heads into a deep recession. Dan Loeb, the prickly hedge fund manager best known for castigating CEOs for their profligate spending, demonstrates…
♦ Citigroup isn't getting Wachovia after all: Just four days after the banks agreed to a deal, Wachovia has changed course and will now sell the company to Wells Fargo for $15.4 billion. [WSJ, NYT]
♦ The $700 billion bailout bill will reach the House for a vote today. This should be interesting. [NYT]
♦ JPMorgan…
Just in case the reports of Wall Streeters not making millions this year has softened your resentment of ostentatious master-of-the-universe types and their role in the recession, a profile of London hedge fund manager "Mark" will ensure that any sympathy you might have had vanishes instantly. Meet the bespoke…
It's no longer cool being a banker—at least as far as real estate developers are concerned. While Wall Streeters might be reluctant to spend big on an apartment during this economic downtown, doctors don't seem to share their concerns—"people are always getting sick"—and so now developers and brokers are focusing…
Forbes takes a look at a survey of hedge-funder spending:
