If you thought the AIG or Merrill investment banking bonuses were too high, you might not be feeling the love for the finance industry’s top hedge fund managers either. They got paid a wee bit more.
There’s #1 James Simons of Rennaisance Technologies at $2.5 billion, but things fall dramatically off after that. Consider #4 [...]
Entries Tagged as 'recession'
Get Shorty: what’s the purpose of hedge funds again?
March 26th, 2009 · No Comments · Economics
nice try, but derivatives aren’t responsible for this
March 18th, 2009 · No Comments · Economics
Sometimes problems are bigger than we thought. Sometimes we need a bigger boat.
Here’s a reblog of an article by DKMatai which calculates the face values of “all derivatives”. I think this article is sensational and incorrect to use this sort of math to estimate the size of the financial crisis.
http://www.siliconvalleywatcher.com/mt/archives/2008/10/the_size_of_der.php
There are risks to [...]
Tags:recession
Staggering 45% of $ gone; Private Equity ready to buy in, but what will they buy?
March 13th, 2009 · No Comments · Economics
Stephen Schwartzman of Blackstone Group sums things up pretty nicely for where this meltdown might go when it stops melting down.
http://www.reuters.com/article/wtUSInvestingNews/idUSTRE52966Z20090310
As of now, 45% of worlds wealth evaporated in the past 1.5 years. He mentions that the way out is private equity starting to buy into these assets.
Basically, it looks as if Barack will back [...]
Clinging to wall st. capitalism models is mistake for job creation
March 1st, 2009 · No Comments · Economics
Tom Friedman wrote about week ago that the gov’t should give $1b apiece to 20 top VC firms. A lot of VCs, like Fred Wilson, disagree. He says there’s already enough capital for VC to fund the types of startups they want to fund.
Trying to find a panacea for stimulus that solves all [...]
Is help coming for new startups in NYC?
February 27th, 2009 · No Comments · Economics
Patrick McGeehan chronicled in a Times article this week the Bloomberg announcement of a $45 million fund to assist the 65,000 lost jobs related to the finance industry in nyc. All dramatically set in a warehouse on 140 Varick. For now, the city wants to keep the shrapnel from finance within it’s grasp, and incubate [...]