Friday, 27 November 2015
Last updated 1 day ago
Dec 7 2011 | 11:45am ET
Jim Chanos, founder of the $6 billion hedge fund Kynikos Associates, thinks the feds should have gone after Wall Street bankers with the same enthusiasm they showed for prosecuting Enron executives.
The renowned short seller made the remarks on day two of the Reuters 2012 Investment Outlook Summit in New York.
Chanos said that by accepting big bonuses for selling what turned out to be worthless mortgage-backed securities some bankers effectively “looted” their companies, reports Reuters.
"I strongly believe that there should have been, and should be, prosecutions for what happen happened in '08," he said.
A supporter of President Barack Obama, Chanos also wondered why so many of his peers are critical of the president:
"I keep asking my hedge fund compatriots, 'How bad has your life under Obama really been?'"
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…