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 'stimulus'
Get Shorty: what’s the purpose of hedge funds again?
March 26th, 2009 · No Comments · Economics
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 [...]