The hedge fund industry is in the midst of a slow-motion disaster, as its biggest investors come to the realization that the fees hedge funds charge make most of them a scam. One hedge fund guy is embodying the industry’s clueless resistance to change, in hilarious fashion!
You know that the ultrawealthy in America are getting nervous when they enlist Deepak Chopra in their showy, useless gestures about fixing income inequality.
Paul Tudor Jones—whose net worth is $4.6 billion—is one of the most famous hedge fund managers in American history. He is a heavy donor to Republicans. And he is warning of the possibility of class-based revolution in America. Also, he has some ideas.
Naomi Watts turns 41 today. Billionaire hedge fund founder Paul Tudor Jones is turning 55. Teen queen Hilary Duff is turning 22. Glenn Lowry, the director of the Museum of Modern Art, is 55. Mira Sorvino is 42. Janeane Garofalo is turning 45. Dita Von Teese is 37. Director John Sayles is 59. Bam Margera is turning…
A 1987 PBS documentary about trader Paul Tudor Jones is now on YouTube. This is noteworthy because after it originally aired Jones, now a multi-billionaire, demanded its removal from circulation, a move that inspired ridiculous interest in the film.
You may still be dealing with the nasty effects of the economic downturn, but the pain and misery appears to be over for the hedge funders who were forced to momentarily put off plans to buy a new jet or private Caribbean island earlier this year. The Post reports the first six months of 2009 were very good for the…
The real estate market in hedge fund-heavy Greenwich continues to disappoint: Sales were down nearly 70 percent during the first quarter of 2009 compared with the same time period a year earlier, and the average sale price plummeted 23 percent. The good news? Greenwich-based hedge funds like Steve Cohen's SAC…
The Robin Hood Foundation's spring fundraiser took place last night at the Jacob Javitz Convention Center and some 3,200 people turned up to munch on grilled shrimp and chicken Milanese, mingle with the likes of Oprah and Anne Hathaway, and open their wallets and give to the non-profit that funnels millions of…
Billionaire hedge fund manager Paul Tudor Jones isn't letting the crappy economy stop him from going all-out this holiday season. This past weekend Jones unveiled his annual Christmas display outside his Greenwich mansion, which features 15,000 lights syncronized to a four-minute looping soundtrack. (If you pull up…
♦ The Big Three automakers are putting finishing touches on new business plans to take to Congress this week, part of a last-ditch effort to secure a federal bailout. [WSJ, Bloomberg, NYT]
♦ Shoppers spent $41 billion over the four-day weekend, up 7.2 percent from the year before. That was better than expected, but…
Serena Williams is 27 today. Others celebrating: Music exec Andre Harrell is 48, Christina Milian is 27, former New Jersey governor Christine Todd Whitman is 62, Olivia Newton-John is 60, and Linda Hamilton turns 52. Two figures on the New York web scene will be blowing out candles this evening: Gothamist co-founder …
Paul Tudor Jones is the founder of Tudor Investment Corp., a hedge fund with some $19 billion in assets under management. Until recently, Jones was best known for having never ended a year with a loss. Alas, his fund fell in 2007, though he still managed to take home a tidy $700 million.
