A 28-year-old raised $75 million for his new hedge fund... [more]From Businessinsider.com: Jamie Sterne has raised $75 million for his new hedge fund. No big deal, you might think. There are hundreds of hedge fund launches every year.
Except Jamie Sterne is just 28 years old. Sterne launched Skye Global Management in July, according to a person familiar wi
Tudor said to close Singapore trading desk amid global job cuts... [more]From Todayonline.com: Tudor Investment Corp, the $11 billion hedge fund founded by billionaire Paul Tudor Jones, has closed its Singapore trading desk as part of a global shakeup, according to people familiar with the matter.
The firm still has staff in Singapore focusing on quantitative resea
Manager Profile - Double trouble for hedge fund chief Leon Cooperman... [more]From Barrons.com: Before hedge fund titan Leon Cooperman and his firm, Omega Advisors, were accused of insider trading last week, they had been dogged by another problem: strikingly uneven performance in recent years. The firm’s funds have rebounded and reportedly gained anywhere from 5% to 13% this
North America - Pinching pennies in the hedge fund capital of America... [more]From Bloomberg.com: The lonely $250,000 S-Class coupe at Mercedes-Benz of Greenwich says it all. For six months, it’s been sitting in the showroom, shimmering in vain while models priced at only $70,000 fly out the door. “We haven’t had anyone come in and look at it,” says Joey Licari, a sales consu
People - Investment firm Angelo, Gordon lays framework for succession... [more]From Reuters.com: Investor Michael Gordon has no plans to retire but when he does he wants to ensure that Angelo, Gordon, the $26 billion firm he co-founded with John Angelo 28 years ago, survives without him. To lay the groundwork for an eventual succession, Gordon said the firm created a managemen
…And Finally - Leading economic indicators... [more]From Newsoftheweird.com: News Corporation Australia reported in September the enviable success of a 16-year-old British entrepreneur, Ms. Beau Jessup, who has so far earned about $84,000 with a simple online app to help rich Chinese parents select prosperous-sounding English names for their babies.