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The greatest short bets of all time
When John Paulson, of Paulson & Co., bet against mortgage-backed collateralized debt obligations, he didn't hold back. His funds shorted the ABX and longed various credit default swaps--and it Read more...
Bill Miller faces an uncertain future
Bill Miller is not the only value manager that has been hit hard by some ill-timed bets on financial stocks. Does it call the whole Read more...
Financed by UBS, BlackRock purchases UBS portfolio
Private equity firms and hedge funds are making some massive bets on distressed debts. The terms have been pretty good of late, though the leveraged loan market has rallied. The latest news, as noted Read more...
Former Amaranth trader faring much better now
Remember Brian Hunter, who went from earning $80 million as an energy trader for Amaranth to the rogue's hall of shame when his massive Read more...
Oaktree raises massive distressed debt fund
We've noted that valuations have improved for some on-the-brink debts as of late, notably leveraged loans and some credit default swaps. The trading psychology seems to be improving in part because Read more...
Double-edged sword: Rising commodities prices
We tend to think of big farm-type companies as hedgers, who take the other side of bets waged by hedge funds. But when you get down to this, there's a fine line Read more...
Is Thain setting himself up?
John Thain has not been shy about telling the world that Merrill Lynch is well-capitalized and will not be raising funds anytime soon. At Read more...
ALSO NOTED: Analyst: Merrill Lynch at risk of downgrade; Lehman bets on sovereign wealth; and much more...
Company News: > E*Trade CFO and general counsel resign. Article > E*Trade shorts, right or wrong? Read more...
VCs still pouring money into net
First-quarter investments in Internet companies more than doubled from a year ago, to $1.58 billion in 170 deals, both record numbers (Dow Jones VentureSource). The amount invested was up nearly 50% Read more...