The Billionaire Who Just Wants to Be Loved
Billionaire hedge fund manager Bill Ackman had a very good year last year. In fact, he ran the single best-performing hedge fund of 2014. He made a lot of money. Why is he such a crybaby?
Washington's New Bailout, UBS Stays in the Game
• Details about the Obama administration's plan to revise the bailout are still sketchy, but more will be revealed by Tim Geithner tomorrow. [WSJ, BN, DB]
• UBS is slashing bonuses by 80 percent, but the bank says it does not have plans to get out of investment banking altogether. [BN]
• Barclays announced that…
Arki Speaks, Madoff Still Hoping to Avoid Jail
• "There's only so much due diligence you can do," hedge fund manager Arki Busson explained to Bloomberg News when asked how he managed to get suckered by Bernie Madoff. This is especially true when you spend most of your time chasing models and actresses. [BN]
• Bernie Madoff's lawyer says his client will agree to…
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