HedgeFundsX

Earlier today, the Wall Street Journal reported that federal prosecutors are considering charging SAC Capital as “a criminal enterprise, using a powerful legal tool employed against the mafia and drug gangs,” i.e. the Racketeer Influenced and Corrupt Organizations Act. The use of RICO would give the government considerably more time to make a case against SAC, as it means prosecutors could “file charges in connection with crimes committed over the past decade, as long as any act that is part of the alleged enterprise occurred within … Read More »

Carl Icahn

Net worth: $20 billion
At 77, Icahn enjoyed another strong run in 2012, beating the U.S. stock market and most hedge fund managers. The investment pool he manages for himself and his employees returned more than 20% in 2012, thanks … Read More »

Usually Wall Street waits for a bubble before it pushes an investment on average Joes.

So it’s certainly a change that the returns on the investment Wall Street is currently trying to sell to individual investors have stunk lately. Is that … Read More »

Jesse Eisinger, in a provocative article in today’s New York Times, summarizes an argument on Fed policy between hedge fund managers and economists. “After several such … Read More »

22-year-old Alex Bosset is not your typical college student. A finance major at the University of Minnesota, he was recently ranked among the top … Read More »