Wednesday, 1 October 2014
Last updated 11 hours ago
Mar 10 2011 | 5:29pm ET by Deirdre Brennan
A few years back we had arch-Ponzi schemer Bernie Madoff, and all the fun Bernie related paraphernalia that came with him: toilet paper so you could wipe your butt with Bernie’s smug mug; golf balls so you could hit Bernie in the, well, balls. You get the idea. With Lehman’s demise and Bear Stearns’ downfall we saw a fire sale of all things emblazoned with their logos…tee shirts, hats, mugs, old business cards, the works.
As the much publicized insider trading trial of Raj Rajaratnam began yesterday, I got to thinking about just what fun sort of knickknacks I may find on eBay or Amazon. So I googled, and I googled, and I googled. Surely some entrepreneur or former (and now unemployed and starving) Galleon Group employee would use this moment to make a few bucks. Not so. I found zip. No Galleon stress ball, no baseball hat, not even a chewed pen.
Now, this is supposedly the biggest insider trading trial ever, isn’t there some sort of commercial value to be gleaned from Galleon’s sunken ship? If someone finds something out there, please send me a link or a photo, or even, dare I ask, a real live business card!
Here at FINalternatives we keep what we call ‘The Wall of Shame.” It is mostly the business cards of hedge fund managers who we either once interviewed for a story or met at an event and are now in the clink (or on the lam, that would be you Gad Grieve). Alas, none of us ever did meet Raj and his cohorts, but as he is taking up so much of our ink these days, we’d really love a memento.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...