Saturday, 20 September 2014
Last updated 21 hours ago
Apr 27 2010 | 2:32am ET
The Wall Street Journal isn’t taking David Einhorn’s slings and arrows lying down.
The newspaper’s senior editor blasted the Greenlight Capital founder, who took the opportunity presented by Greenlight’s first-quarter investor letter to slam the Journal.
Einhorn called a February article about hedge funds betting against the euro “sensationalist” “yellow journalism,” said he was misquoted and accused the Journal of ignoring his demand for a correction. Not so, said Journal senior editor Mike Siconolfi.
“Mr. Einhorn’s complaints, made two months after the fact, are baseless,” he told New York magazine. “The story was thorough and accurate, and we’re mystified by his protestations that the Journal has ignored his complaints about errors in the article.” According to Siconolfi, there have been no such complaints.
Siconolfi didn’t stop with Einhorn, also attacking Dealbreaker, the Wall Street blog that obtained Einhorn’s letter and posted it.
“Meantime, it's clear that dealbreaker.com operates under a much different set of journalistic standards,” he said. “The Web site's employee Bess Levin at no time sought out either the reporter or me for comment before this was published. Had she done so, we would have corrected her misleading assertions. The language in the headline and story is not only factually inaccurate, but personally and professionally offensive. I can assure you, Ms. Levin and Mr. Einhorn, that the Journal is proud of our reporting on this article and the way in which we practice journalism.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.