Posts Tagged 'Hedge fund'

Johnson: Elites Eying the Exits Signals America’s Crisis

Interviewed as part of an extraordinary New Yorker investigation into growing anxiety among America’s corporate elite over the potential for anarchic social collapse, Institute President Robert Johnson saw his peers’ talk of bolt-holes in New Zealand as reflecting a deeper crisis.

Johnson told writer Evan Osnos of the mounting anxiety he had encountered among hedge-fund managers and other wealthy Americans he knew. “More and more were saying, ‘You’ve got to have a private plane,” Johnson said. “You have to ...

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Graham Readfearn – How Donald Trump Kingmaker-Billionaires Robert and Rebekah Mercer Have Poured Millions Into Climate Science Denial

When it comes to climate science denial, some names come easily and deservingly to mind.

There’s oil giant ExxonMobil — a company that contributed millions of dollars to organizations that told the public there was no risk from burning fossil fuels.

There are the oil billionaire Koch brothers — Charles and David — and their ideological zeal against government regulations that drove them to pour vast amounts into groups spreading doubt on the realities of human-caused global warming.

But a name that has ...

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Katherine Burton – The Golden Era of Hedge Funds Draws to a Close With Clients in Revolt

Drinks flowed as hedge fund titan Robert Mercer, dressed as Mandrake the Magician, partied with Donald Trump, dressed as, well, Donald Trump.

The occasion that early December evening was Mercer’s 2016 holiday costume party, an intimate gathering of 250 at his Long Island estate. This year’s theme: “Villains and Heroes.”

In Trump, Mercer and his fellow hedge funders had much to extol. Tapping into the wealth he amassed at his wildly profitable firm, Renaissance Technologies, Mercer and his daughter Rebekah (dressed that ...

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KENNETH P. VOGEL – Chelsea’s husband allegedly used foundation ties to boost hedge fund

Chelsea Clinton’s husband used his connections to the Clinton family and their charitable foundation to raise money for his hedge fund, according to an allegation by a longtime Clinton aide made public Sunday in hacked documents released by WikiLeaks.

Marc Mezvinsky extended invitations to a Clinton Foundation poker event to rich Clinton supporters he was courting as investors in his hedge fund, and he also relied on a billionaire foundation donor to raise money for the fund, according to the WikiLeaks ...

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Hedge Funds Cost N.Y. Pension Plan $3.8 Billion, Report Says

The New York state comptroller’s decision to stick with hedge funds despite their poor returns has cost the Common Retirement Fund $3.8 billion in fees and underperformance, according to a critical report by the Department of Financial Services.

The state comptroller, who invests $181 billion for two systems covering local employees, police and fire personnel, “has over relied on so-called ‘active’ management by outside hedge fund managers,” the department said Monday in the 20-page report. “For years the State Comptroller has been ...

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Charles Hugh Smith – A Psychiatric Diagnosis of the U.S. Market: Schizophrenic Disconnect From Reality

If you think a delusional market is healthy, it’s time for a psychiatric exam.
What diagnosis would an experienced psychiatrist offer when presented with the bizarre behavior of the U.S. stock market? We assume that the wild mood swings of greed and fear are “normal” for markets devoted to short-term profit and speculation, but the stock market’s disconnect from reality is far beyond mere mood swings.

The stock market thinks it’s solidly on pavement, but in reality it’s like a car flying ...

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