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51%  
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Keyword: hedge

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  • Grayson Silent On Closed-Door Meeting With Ethics Investigator

    10/25/2015 4:55:53 AM PDT · by Libloather · 16 replies
    Free Beacon ^ | 10/25/15 | Joe Schoffstall
    Rep. Alan Grayson (D., Fla.), known as one of the most outspoken members of Congress, met with a congressional ethics investigator Wednesday and would not discuss the meeting when questioned by Politico. Grayson has come under fire in recent months by the media and watchdog groups for operating hedge funds bearing his name, actions that are prohibited by sitting members of Congress. Additionally, on the same day the Foundation for Accountability and Civic Trust (FACT) filed an ethics complaint against Grayson, he made a $15,000 payment to a law firm using funds from his campaign, which he also refuses to...
  • Goldman Sachs CEO Key Investor in Hillary's Son-In-Law's Hedge Fund

    02/04/2015 9:34:38 AM PST · by Jack Black · 11 replies
    Weekly Standard ^ | FEB 4, 2015 | Daniel Halper
    The Wall Street Journal has a revealing report on the hedge fund Eaglevale Partners LP, which is run by Hillary Clinton's son-in-law, Marc Mezvinsky. The fund, it turns out, bet big on a turnaround in the Greece economy -- and lost. "Eaglevale Partners LP, founded by Marc Mezvinsky and two former colleagues from Goldman Sachs Group Inc., told investors in a letter sent last week they had been 'incorrect' on Greece, helping produce losses for the firm’s main fund during two of the past three years, according to the letter. Mr. Mezvinsky married Chelsea Clinton, the former first daughter, in...
  • Steyer Hedge Fund Tied to Russian Oligarch Targeted by U.S. Sanctions

    05/07/2014 9:21:58 AM PDT · by Nachum · 2 replies
    Washington Free Beacon ^ | 5/7/14 | Adam Kredo
    The hedge fund founded and, until recently, run by billionaire environmentalist Tom Steyer was involved in a deal to sell a stake in a Russian oil company to a Russian oligarch who is the target of U.S. sanctions. Farallon Capital Management sold a part of its stake in Russian firm Geotech Oil Services to the Volga Group, a Luxembourg-based investment firm owned by Russian billionaire Gennady Timchenko, in 2010. Four years later, in April 2014, the U.S. Treasury Department announced that it would target Timchenko, Volga, and a number of companies associated with them, in a round of sanctions aimed...
  • Bitcoin hedge fund launches with Silicon Valley and Wall St. support

    03/19/2014 8:00:59 AM PDT · by Errant · 10 replies
    CNN Money ^ | 19 March 2014 | Dan Primack
    Last December, I wrote that Fortress Investment Group was preparing to launch a fund that would buy and hold Bitcoin. I also wrote that while details were scarce," there was "some relationship to a new Bitcoin-related fund raised by Pantera Capital, a San Francisco-based hedge fund whose clients are known to include several Fortress executives." Here is what I now know: Fortress has invested directly in Pantera Bitcoin Partners, the limited liability company overseeing Pantera's Bitcoin fund. Moreover, all future purchases of Bitcoin or other crytpocurrencies by Fortress and its principals will be made via Pantera. In other words, there...
  • Hedge fund titan, giant of philanthropy leaps to his death after stroke (Robert W. Wilson)

    12/25/2013 11:35:14 AM PST · by Libloather · 36 replies
    NY Post ^ | 12/24/13 | Emily Smith, Dana Sauchelli
    Multimillionaire philanthropist Robert W. Wilson, 86, took his own life Monday by throwing himself from his luxury Upper West Side high-rise apartment, just a few months after suffering a debilitating stroke, sources said. The former Wall Street hedge fund titan — who donated hundreds of millions to charity — left a note before leaping at about 11 a.m. from the 16th floor of the famed San Remo, which overlooks Central Park West, cops said. “He was 86 and suffered a stroke a few months ago,” said Wilson’s friend, Stephen Viscusi. “He always said he didn’t want to suffer, and when...
  • Prof. Dershowitz Hedges Allon Plan Support after Langfan Op-Ed

    04/30/2013 6:00:53 PM PDT · by Eleutheria5 · 2 replies
    Arutz Sheva ^ | 30/4/13
    Prof. Alan Dershowitz, appearing at the Jerusalem Post Conference in New York this week, spoke about his plan to restart the peace talks. Dershowitz, who has not official position in Israel, spoke to PA President Mahmoud Abbas and suggested a version of the Allon Plan of 1970. His suggestion for a "tripartite settlement freeze" was panned by Israel's Minister of International Affairs, Yuval Steinitz, as well as by former National Security Advisor to PM Netanyahu, Dr. Uzi Arad, who opposed "ulilateral concessions." AFSI's newly elected Chairman, Attorney Mark Langfan, sent an open letter to Prof. Dershowitz for posting in the...
  • Jon Corzine Might Launch His Own Hedge Fund (perp wants to rebuild his image)

    08/19/2012 12:40:17 PM PDT · by Libloather · 20 replies
    Investor Place ^ | 8/17/12 | Christopher Freeburn
    Jon Corzine Might Launch His Own Hedge FundHe is unlikely to face criminal charges over the failure of MF Global By Christopher Freeburn, InvestorPlace Writer Aug 17, 2012, 9:28 am EDT With reports circulating that federal regulators will not seek criminal charges in the collapse of brokerage MF Global, the firm’s former head, Jon Corzine is considering a new career option. The one-time Governor of New Jersey and former head of Wall Street giant Goldman Sachs (NYSE:GS), is mulling the idea of starting his own hedge fund, according to the New York Times. **SNIP** However, sources close to the former...
  • NY FBI Opens Inquiry into JPMorgan Chase Loss: Sources

    05/15/2012 9:40:00 AM PDT · by dynachrome · 14 replies
    NBC New York ^ | 5-15-12 | Shimon Prokupecz and Jonathan Dienst
    The FBI in New York has opened an inquiry into JP Morgan Chase's $2 billion loss, NBC 4 New York has learned. People familiar with the matter tell NBC 4 New York that the inquiry is not a criminal investigation. The FBI is taking a preliminary look at the incident. JPMorgan Chase CEO Jamie Dimon disclosed last week that the bank had lost the $2 billion by making a bad bet with so-called credit derivatives. Investors lopped off nearly 10 percent from JPMorgan's stock price the next day, and 3 percent more on Monday. Since Dimon made the announcement, nearly...
  • JPMorgan shares slump 6.5pc after chief Jamie Dimon reveals $2bn trading loss

    05/10/2012 5:30:50 PM PDT · by bruinbirdman · 29 replies
    The Telegraph ^ | 5/10/2012 | Richard Blackden
    JPMorgan Chase chief executive Jamie Dimon has shocked Wall Street by disclosing the bank racked up $2bn (Ł1.2bn) of trading losses in the past six weeks and warned they could get worse. “It puts egg on our face and we deserve any criticism we get,” Mr Dimon told analysts in a hastily arranged call after stock markets closed in New York on Thursday night. America’s second-biggest bank said that the losses stemmed from a series of complex trades that were designed to hedge the bank's overall risk. Some of the losses have been offet by gains of about $1bn from...
  • The $2 Billion Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market

    05/12/2012 10:44:24 AM PDT · by SeekAndFind · 41 replies
    The Economic Collapse Blog ^ | 05/12/2012 | Michael Snyder
    When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market. When most Americans think of Wall Street, they think of a bunch of stuffy bankers trading stocks and bonds. But over the past couple of decades it has evolved into much more than that. Today, Wall Street is the biggest casino in the entire world....
  • A Hedge or a Bet? Trade Highlights Ambiguity in Volcker Rule(Dodd-Frank)

    05/12/2012 7:02:16 AM PDT · by Son House · 7 replies
    Wall Street Journal ^ | May 11, 2012 | VICTORIA MCGRANE And KRISTINA PETERSON
    Regulators have a July deadline to finish the rule, but officials have said it appears unlikely they will meet it. The October draft rule issued by the Fed, the Securities and Exchange Commission and other regulators permits what is known as "portfolio hedging," or buying and selling in order to reduce the risk of a portfolio of securities held at the bank. Messrs. Merkley and Levin say regulators inserted a "loophole" into the rule's draft. The Dodd-Frank law says banks can conduct hedging activities related to "individual or aggregated positions." It is unclear whether that includes buying or selling to...
  • New Chief of Staff: Former Hedge Fund Exec. at Citigroup, Made Money Off Mortgage Defaults

    01/09/2012 6:39:37 PM PST · by Nachum · 5 replies
    Weekly Standard ^ | 1/9/12 | Daniel Halpe
    President Obama's first chief of staff Rahm Emanuel once sat on the board of troubled federal mortgage giant Freddie Mac. Bill Daley, the president's chief of staff whose departure was announced today, was previously a top executive at financial firm J.P. Morgan Chase & Co. So of course there should be little surprise that Obama's latest chief of staff, announced today by the president himself, also has deep ties to the financial industry himself. From 2006-2008, Jack Lew was chief operating officer of Citibank's alternative investments division (snip)that made billions of dollars betting "U.S. homeowners would not be able
  • S&P chief resigns; hedge fund seeks parent split

    08/23/2011 10:45:08 AM PDT · by Nachum · 4 replies
    Associated Press ^ | 8/23/11 | CHRISTINA REXRODE
    NEW YORK (AP) -- Standard & Poor's wild month continues. The president of S&P is stepping down just two weeks after the rating agency stripped the United States of its AAA credit rating. At the same time, an activist hedge fund is calling for S&P's parent to break into four separate companies to unlock more value for shareholders. McGraw-Hill Cos., the parent company, said that the resignation of Deven Sharma was not related to Jana Partners' break-up proposal or to S&P's polarizing decision to downgrade its rating on U.S. debt. McGraw-Hill named Citibank's chief operating officer, Douglas Peterson, to the...
  • Smart Money: Hedge funds sell faltering U.S. banks

    05/31/2011 9:49:17 PM PDT · by Nachum · 2 replies
    Reuters ^ | 5/31/11 | Maria Aspan
    (Reuters) - The recovery of Citigroup and Bank of America provided famed hedge fund managers like Lee Ainslie and Jeff Altman some of their biggest gains last year, but now the smart money is getting out while the getting is good. With Ainslie's Maverick Capital, Altman's Owl Creek Asset Management and other major funds backing away from the banking sector in the first quarter, financials suffered the biggest decrease in sector holdings among the Smart Money 30, a group of some of the largest stock-picking hedge funds. Ainslie, Altman and Stephen Cucchiaro's Windhaven Investment Management dumped their entire holdings in...
  • Hedge Farm! The Doomsday Food Price Scenario Turning Hedgies into Survivalists

    05/19/2011 7:51:55 AM PDT · by OB1kNOb · 39 replies
    The New York Observer ^ | May 17, 2011 | Foster Kamer
    On the rare occasion that New Yorkers talk about farming, it's usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks. But on a recent afternoon, The Observer had a conversation of a different sort about agricultural pursuits with a hedge fund manager he'd met at one of the many dark-paneled private clubs in midtown a few weeks prior. "A friend of mine is actually the largest owner of agricultural land in Uruguay," said the hedge fund manager. "He's a year older than I am. We're...
  • University of Texas Takes Delivery Of $1 Billion In Physical Gold

    04/16/2011 5:15:45 PM PDT · by The Magical Mischief Tour · 75 replies
    Zero Hedge ^ | 04/16/2011 | Tyler Durden
    Tipping points are funny: for years, decades, even centuries, the conditions for an event to occur may be ripe yet nothing happens. Then, in an instant, a shift occurs, whether its is due a change in conventional wisdom, due to an exogenous event or due to something completely inexplicable. That event, colloquially called a black swan in recent years, changes the prevalent perception of reality in a moment. This past week, we were seeing the effect of a tipping point in process, with gold prices rising to new all time highs day after day, and the price silver literally moving...
  • The Top 25 Hedge Fund Earners In 2010

    04/05/2011 10:07:44 AM PDT · by Nachum · 1 replies
    #25 Dan Loeb: $210 Million #25 Dan Loeb: $210 Million Image: 1440wallstreet.com Fund: Third Point What you need to know about Dan Loeb: He may be about to have some embarassing emails come out He's betting on energy
  • Goldman Defuses The 'Religion' Of Gold: It Is Not An Inflation Hedge & The Rally Is Fading

    02/11/2011 7:33:03 AM PST · by SeekAndFind · 24 replies
    Business Insider ^ | 02/11/2011 | Gus Lubin
    A note from Goldman Sachs pees all over gold fever (via Prag Cap). Although Goldman recently named a bullish target for gold, the research note says other investments will offer better returns in 2011: "For our part, we expect a combination of stronger US growth, a strengthening dollar, temperate inflation and generally higher risk-asset prices to raise the opportunity cost of holding gold, particularly as real rates normalize higher. Even so, momentum is a powerful market force, and it’s unclear how long strong investor demand will persist. Given these competing tensions, gold does not screen as a compelling tactical opportunity...
  • Gold hits two-month low as haven appeal wanes (is this a buying opportunity, or a trend?)

    01/21/2011 9:29:26 AM PST · by SeekAndFind · 10 replies
    Reuters ^ | 01/21/2011 | Jan Harvey
    Gold touched a two-month low in Europe on Friday, pressured by a firmer appetite for assets seen as higher risk on expectations the economic recovery was gaining traction, but a retreat in the dollar prevented a steeper drop. The metal is heading for a third consecutive weekly loss and its weakest monthly performance since July as a more optimistic view of global economic growth and stability boosted investment in assets seen as higher risk, like stocks, at gold's expense. Spot gold fell as low as $1,340.80 an ounce and was bid at $1,343.80 an ounce at 1217 GMT, against $1,345.40...
  • Hedge Fund figure financed mosque campaign

    01/18/2011 6:50:24 PM PST · by Nachum · 4 replies
    politico ^ | 1/18/11 | ben smith
    POLITICO's Maggie Haberman emails that she's solved a lingering mystery from the now-nearly-forgotten summer storm around a planned Islamic center in Lower Manhattan. Robert Mercer, the co-CEO of the giant hedge fund manager Renaissance Technologies, appears to have financed the ad campaign entirely himself, through a $1 million contribution on July 26 to the New York State Conservative Party, according to a filing today by the party's housekeeping account. Conservative Party Chairman Mike Long confirmed to Haberman that Mercer was the source of the ad money. Mercer had maxed out to the account of Rick Lazio, but the Conservative Party's...