Meredith Whitney’s fund said to drop 11% as office put on market... [more]From Bloomberg.com: Meredith Whitney, who started a hedge fund after becoming one of Wall Street’s most famous analysts, has found it harder to bet on stocks than scrutinize them. Her fund is down 11 percent this year through last month, its main investor has demanded money back, top executives have
Outlook - Time may be up for hedge fund replicants... [more]From FT.com: In the movie Blade Runner, human clones known as Replicants exhibit a powerful survival instinct while their human creators try to hunt them down and “retire” them before they start to malfunction. In the investment world, replicants are also refusing to go quietly. Products that aim to
Legal - Judge may toss 4 guilty pleas in inside-trade case... [more]From NYTimes.com: A judge said Thursday he's leaning toward tossing out four guilty pleas in an insider-trading case, the latest fallout from a recent appeals court ruling criticizing prosecutors' tactics. U.S. District Judge Andrew L. Carter Jr. notified attorneys of his plans in separate proceedin
Investing - Soros buys a highly speculative biotech in the third quarter... [more]From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for
…And Finally - A matter of principles: Paying for their high crimes... [more]From Newsoftheweird.com: Four officers responded in Tayport, Scotland, in July to arrest Irene Clark, 65, who spent 48 hours in jail -- after committing the crime of swatting her husband with a magazine while arguing over TV programs (causing a paper cut).
Christopher Saunders, 38, pleaded gu