Quote of the Day

Grover Norquist Pledge: Preventing Solution to Budget Crisis?

July 19, 2012 James Heinsman Quote of the Day

Grover Norquist has been the head of Americans for Tax Reform since 1986. By the end of 2011 238 out of 242 Republican representatives in the House and 41 out of 47 Senate Republicans signed what is known as the Norquist Pledge. Today over 270 congressman have signed the pledge, which obligates (non-legally) those who […]

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Bush Era Tax Cuts, Debt Crisis, Grover Nordquist, Jeb Bush,

Paul Tudor Jones on Risk Taking and Hedge Fund Management

July 15, 2012 Debbie Jacobs Quote of the Day

Paul Tudor Jones, founder and manager of Tudor Investment Corp., is one of the world’s leading global macro fund managers. A few years ago, he revealed his approach to risk taking, and offered advice to other hedge fund tycoons and investors as well: “I’d say that my investment philosophy is that I don’t take a […]

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Hedge Funds, Investment, Paul Tudor Jones Advice, Paul Tudor Jones Quote, Risk Taking,

Dymon Asia Capital Hires Former Goldman Executive David Chan

July 9, 2012 Debbie Jacobs Quote of the Day

In a move to boost its interest-rate trading, Dymon Asia Capital has hired former Goldman Sachs executive David Chan as CEO. Chan will also be a partner at the leading Singapore-based hedge fund. Chan, the former head of macro trading at Goldman, will shift focus to managing Dymon’s investment team, according to founder Danny Yong. […]

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Asia, Danny Yong, David Chan, Dymon Asia Capital, Goldman Sachs,

SS&C Buys Globe Op For $890 Million

June 27, 2012 Debbie Jacobs Quote of the Day

SS&C Technologies just got a whole lot bigger as it acquired the hedge fund risk-reporting mega-company GlobeOp Financial Services SA. SS&C paid a whopping $890 million for the company, the largest acquisition by value made by SS&C in its history. Together the companies boast 3,600 employees working in 43 offices around the world in such […]

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Bill Stone, GlobeOp, SS&C Technologies,

Paul Sinclair Liquidates Equities in Face of Euro Crises

June 24, 2012 Debbie Jacobs Quote of the Day

The New York Observer recently discussed the Eurozone crisis’s impact on Paul Sinclair and his hedge fund. “Expo Capital Management founder Paul Sinclair is returning $458 million managed by his Los Angeles-based hedge fund, telling Bloomberg that the turmoil surrounding the European sovereign debt crisis has left him ‘physically and mentally exhausted,’” the paper wrote. […]

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Economy, Eurozone Crisis, Expo Capital Management, Hedge Funds, Paul Sinclair,

Future for Nokia Looking Dim

June 17, 2012 James Heinsman Quote of the Day

  The layoffs from Nokia recently appear to be a finger in the hole of a sinking ship.  John Strand, founder of the Danish industry consultancy Strand Consult said about Nokia’s chief executive Stephen Elop, “Elop is cutting costs and hoping for a miracle, but it looks like Nokia is staying on death row.” The […]

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Millward Brown, Nokia, Peter Walshe, Stephen Elop, Strand Consult,

Quote of the Day: Mark Stein and the Credit Crisis of 2008

June 14, 2012 James Heinsman Quote of the Day

According to Professor Mark Stein of the School of Management at the University of Leicester, western society has been acting neurotically for the past twenty years. In his paper “A culture of mania: a psychoanalytic view of the incubation of the 2008 credit crisis” Stein argues that “broader cultural changes” let to the credit crisis […]

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credit crisis of 2008, Mark Stein, psychoanalysis, University of Leicester,

Carlos Kirjner on Yahoo’s Deal with Alibaba

June 10, 2012 Debbie Jacobs Quote of the Day

Bernstein Research recently upped Yahoo’s stock from market perform to outperform, boosting the internet company’s shares. He explained that the core business is ‘almost free.’ Yahoo! has experienced some major changes recently, including the departure of CEO Scott Thompson, a restructuring of the board, and the huge decision to sell half of its 42% back […]

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Bernstein Research, Carlos Kirjner, Scott Thompson, Yahoo Shares, Yahoo Stocks,

George Kellner on Developments at Kellner Capital

June 3, 2012 Debbie Jacobs Quote of the Day

George Kellner, Founder and CEO of Kellner DiLeo & Company, or ‘The Firm,’ recently announced a new event-driven investment fund. He also renamed the hedge fund Kellner Capital. He explained: “The Firm has experienced exciting changes and we thought it appropriate to rebrand the organization. We believe our investment process, which combines rigorous fundamental research […]

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Event-Driven Funds, George Kellner, Hedge Funds, Kellner Capital, Kellner DiLeo and Company,

Quote of the Day: President of European Commission José Manuel Barroso

May 31, 2012 James Heinsman Quote of the Day

Investor confidence is crucial, said José Manuel Barroso, the president of the European Commission, and therefore the euro zone must commit to improved cooperation between its members. “For full confidence in the future of the euro area, it is important that member states agree to launch a process toward more integration — financial and economic […]

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Euro Zone, European Commission, José Manuel Barroso,

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