Unfortunately I haven’t had a chance to read my review copy of Timothy Sykes‘ new book ‘An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund’. But since you all read financial blogs I’m sure you’ve seen at least one of the many rave reviews across […]

Thanks to Mark for passing along this video ode to the 2007 credit crunch, sub-prime implosion, and hedge fund blowups on Wall Street.

Tags: Credit, Hedge Funds, Subprime, video

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

“The losses are going to be phenomenal” for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. “My guesstimate in the subprime world is […]

Maybe this is the thing to do in May — back in May of 2005 I had a post titled “Blame it on the Hedge Funds?” I wrote that after seeing a parade on people on CNBC speculating that some hedge fund(s) had blown up and that was to blame for the market’s woes […]

Wow, I can’t believe Cramer admitted to manipulating futures.

“A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It’s a fun game,” Cramer said in the Webcast, which was moderated by TheStreet.com Executive Editor Aaron Task.
Cramer later said […]

I finally got around to reading about the blowup of Amaranth Advisors hedge fund. I’m astounded that some of these supposedly sophisticated hedge funds apparently have no clue about such basic concepts like money management, position sizing and ‘risk of ruin‘. The disaster at this fund is a great illustration of why I’ve […]

Here’s another article I found while searching for news on the aforementioned Bailey Coates fund that just shut down: “Behind the Hedge Fund Facade - the Usual Herd“. That article paints a pretty bleak picture of hedge funds. No doubt some (many?) may be as bad as that article says but I […]

Well it looks like the recent rumors about hedge fund(s) blowing up were true. London-based hedge fund Bailey Coates just shut down its US operations after poor results. Apparently they were not one of the funds which got caught in that bad GM trade though:

The rumours about hedge funds in trouble began two […]

We’ve certainly had some interesting action over the last week or so. From listening to TV (CNBC) you’d swear the market’s been getting crushed, but the major indices are right where they were eight days ago. The NASDAQ has been stick in a very tight range.

I think the choppiness is frustrating […]

In case you haven’t seen it yet, Mark Cuban is looking to start up a hedge fund based on the gambling/sports betting industry. He compares and contrasts the financial markets and gambling. He rightly concludes that “gambling is gambling”. I read an interesting explanation of the difference between gambling and speculation a […]