TABLE OF CONTENTS
April 2007
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Insider Info
Trader Monthly 100: The Top 10
It took $50 million just to make the cut. Our top five each topped $1 billion. The fourth annual Trader Monthly 100 lists the absolute best traders in the business.
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TM 100 Profiles 1-10: John Arnold
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
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Trader Monthly 100: Day 2
It took $50 million just to make the cut. The fourth annual Trader Monthly 100 lists the absolute best traders in the business. Check out 10 more success stories.
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TM 100 Profiles 1-10: James Simons
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100: Profiles 1-10: Eddie Lampert
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100: Profiles 1-10: T. Boone Pickens
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100: Profiles 1-10: Stevie Cohen
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 1-10: Stephen Feinberg
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 1-10: Paul Tudor Jones
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 1-10: Bruce Kovner
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 1-10: Israel Englander
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 1-10: David Shaw
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Tim Barakett
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
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TM 100 Profiles 11-20: Stanley Druckenmiller
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Noam Gottesman
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Pierre Lagrange
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Louis Bacon
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Jim Chanos
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Jeffrey Gendell
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Dan Och
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
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TM 100 Profiles 11-20: Raj Rajaratnam
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 11-20: Robert Soros
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
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TM 100 Profiles 21-30: William Browder
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 21-30: Chris Hohn
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 21-30: Stephen Mandel
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 21-30: James Pallotta
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
The Trader 100: 21-30: James Dinan
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
The Trader 100: 21-30: Alan Howard
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
The Trader 100: 21-30: Jonathan Lourie
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 21-30: David Tepper
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 21-30: Art Samberg
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 21-30: Leon Cooperman
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Michael Farmer
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Steven Heinz
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Mark Kingdon
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Michael Novogratz
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Richard Perry
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Barry Rosenstein
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Paul Ruddock
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: Maurice Salem
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: William Von Mueffling
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 31-40: William Ackman
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Kaveh Alamouti
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Ottavio Biondi
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Peter Briger
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Richard Chenevix-Trench
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Greg Coffey
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Ray Dalio
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Marvin Davidson
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Phil Falcone
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: Stuart Fiertz
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 41-50: David Harding
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: Brian Higgins
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: Ping Jiang
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: Thomas Kempner
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: Dan Loeb
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: John Paulson
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: Michael Platt
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: William Reeves
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: David Slager
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: John Zwaanstra
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 51-60: Raanan Agus
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Driss Ben-Brahim
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Chase Coleman
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Todd Deutsch
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: David Einhorn
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Anthony Faillace
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Pierre-Henri Flamand
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Andreas Halvorsen
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Michael Hintze
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Martin Hughes
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 61-70: Marc Lasry
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 71-80: J.P. McManus
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 71-80: Joseph Oughourlian
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100
> read more
TM 100 Profiles 71-80: George Robinson
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 71-80: Thomas Sandell
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 71-80: Hugh Sloane
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 71-80: Morgan Sze
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 71-80: Paul Touradji
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 71-80: Idar Vollvik
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 71-80: Daniel Zwirn
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 71-80: Richard Chilton
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Ivor Farman
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Joshua Friedman
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Dan Gold
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Tom Hudson
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Mitchell Julis
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: William Kooyker
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Marcos Lederman
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Adam Levinson
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Alec Litowitz
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 81-90: Michael Maggi
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: John Meriwether
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Ed Mulé
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Robert O'Shea
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Scott Pagel
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Gary Rosenbach
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Steven Roth
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Thomas Steyer
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: George "Beau" Taylor
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Matthew Tewksbury
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
TM 100 Profiles 91-100: Jeffrey Vinik
You needed to have made $50 million in 2006 just to gain admission to this list. You needed $1 billion in annual comp to crack the Top 5. Behold capitalism’s ultimate honor roll — the fourth annual Trader Monthly 100.
> read more
Trader Monthly 100 Party
It was standing room only at NYC's Club Macanudo as Trader Monthly honored the year's 100 top-earning traders.
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Daily News
Tunes: English Lessons
Recapture the scintillating sounds of ’60s London in one slim little box.
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Clear Channel Accepts Bigger Bid, But...
A consortium of private equity groups raised their bid for Clear Channel 4% to $19.35 billion. The company agreed to it, but its two biggest shareholders are not keen on it.
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How Bo Got His Groove Back
Notably, Robert “Bo” Collins’ new firm is being called an “energy-trading company” – not a hedge fund. Very canny.
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That's A Lot Of Cash
The hedge fund industry is raking it in, and doing so in record numbers. More than $60 billion flowed into hedge funds in the first quarter of 2007, reports Hedge Fund Research, Inc.
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Hedge Funds: Obscene Pay, Obscene Image Problem
We at Trader Daily don’t really see what one has to do with the other, but whatever.
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Large-Cap Stocks Stage Comeback – But For How Long?
Market Goliaths are finally bouncing back. Whether it will last is another story.
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Unsubtle Trading Boom Precedes Mirant Announcement
Mirant announced Monday that it would consider putting itself up for sale. Last Thursday their call-options trading volume rose from a daily average of 10,224 to an eye-opening 325,235. Unless someone relocated the Street to Bizarro World, where everything's backwards, there's something very wrong with this sequence.
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Chrysler Sale May Be On The Move
It could be as early as next month that the sale of Chrysler (the US arm of DaimlerChrysler) is complete. An anonymous source told Reuters the deal was not definite, but likely.
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Goldman, Merrill, UBS Contest Bernanke’s Inflation View
Inflation headed up or down? Monster banks say down – so long as the housing slump hits the CPI like a mack truck.
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Haven’t Had Enough Of ABN Saga Yet?
The plot twists continue apace in the world's largest-ever bank takeover. Watch for a Dutch court ruling as the latest wild card.
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Did You Survive The Outage?
BlackBerry's service went down yesterday, and was restored later in the day. But there was a perception of panic ensuing as a result of the outage.
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Nacchio Convicted
Joseph Nacchio, former CEO of Qwest Communications, has been convicted of insider trading, and could be in prison for a decade.
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Strike While Emerging-Market Currencies Iron Is Hot
Typically, you’re not one to break with convention…but maybe it’s time to give in to those primal urges you’ve been having to buy a mess of Polish zloties.
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Credit Suisse Attempting To Lure Institutional Investors
In an effort to get more business from institutional investors, Credit Suisse has issued $190 million in long/short collateralized commodity obligations notes.
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Reuters Software Ties Algo Trades To Keywords From News
Now, simple words like “excellent” or “disappointing” in news stories will be enough to trigger massive gains or losses in a stock. The power of the press, baby.
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Trader Monthly 100: #21-30
The fourth annual Trader Monthly 100 lists the highest-earning traders in the business. Yesterday we posted #11-20. The next 10 are now online.
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Big Money Riding The Rails
It seems there's a brand new form of transportation called the railroad (those in the know call them "trains"), and the big money wants in!
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Southwest Airlines CEO Weighs In On Private Equity
Could Southwest Airlines be the next company to be picked up by a hungry pack of private equity firms? If you look at their numbers and their potential, it makes sense why many have speculated they'd be a tasty target.
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Remember The Land-Bridge?
It's been postulated that there was once a "land-bridge" that connected the landmasses now known as Alaska and Russia. Ever since its possible existence, people have wondered how they can conveniently get from here to there (or maybe they haven't). Well, wonder no more. In 10 to 15 years, you may be able to simply drive your car from one place to the other via a 64-mile tunnel that will connect Alaska and Russia. It's a Russian plan, and it is estimated to be between 10 and 12 billion dollars.
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Going Dutch: Barclays and RBS Consortium Court ABN
Royal Bank of Scotland has joined with Spain's Banco Santander and Belgium's Fortis in an approach to ABN Amro, but the Dutch bank is reportedly not overly enthusiastic. Their focus remains on negotiations with first-comer Barclays.
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Those With The Green Go Green
To mark Earth Day (this Sunday - but you knew that), Forbes is highlighting the billionaires who use their green for the good of green (which also means the environment - but you knew that, too). You won't be surprised that Bill Gates is on the list. But you'll be SHOCKED to learn that Sergey Brin and Larry Page, the co-founders of Google, are also on the list. Or maybe you won't be shocked. It's not that shocking of a list, actually.
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Two U.S. Golfers Make The Hall Of Fame
Curtis Strange and Hubert Green will be inducted to the World Golf Hall Of Fame on November 12th. Strange, 52 years old, has earned 17 PGA Tour titles. Green, 60 years old, earned 19 victories on the PGA Tour. Further inductees will likely be announced for the World Golf Hall Of Fame's class of 2007.
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A Blunder Without Peer at G7 Meeting
Germany, chairman of the G7 this year, is advocating increased regulation going into a meeting largely devoted to hedge funds on Friday. But German finance minister Peer Steinbruck can't make it because he's on vacation. And the IMF says it's a bad idea. That's two strikes...
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The F3 Is Ready To Launch
Global Division's Dynamite F3 fund will launch of May 1. But will it make a bang? (Sorry.) The fund, which Finalternatives describes as "a fund of funds of hedge funds," is designed to attract people who have a lust for diversification (a lot of it). But, the downside is that there are more than the standard amount of fees to be a part of it. Possibly enough to scare people away.
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German Regulator Bafin Investigates WestLB Bank
German bank WestLB has generated interest from regulators by firing two of its own traders and handing in a report on some of their questionable trading activity. Any points for turning themselves in?
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One Small Step For Space Tourism
This story is interesting for two reasons: 1) The march toward space travel becoming a tourist activity continues. The Kennedy Space Center and Cape Canaveral are seeing if commercial space flights could be launched from the locations. 2) This guy owns four awesome F-104 fighter jets. His job is to fly a fighter jet in non-combat situations at speeds of about 1,000 mph. Try not to be jealous.
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Moody's to Rate Hedge Fund Debt
Moody's is expanding its ratings to include some unsecured hedge fund debt, but warns that investment-grade ratings could be harder to come by than Michelin stars at Mickey D's.
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Porsche Tops Luxury Segment
Wealthy people may own Porsches, but Porsche owns the wealthy. Specifically, the luxury segment of the America's top 10% richest people. According to a study done by the Luxury Institute, Porsche took #1 over 13 other luxury brands such as Mercedes, Audi, and BMW. Among the benefits of the Porsche, respondents of the survey said the cars help them to "feel special."
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Baker to Texas: Don't Tread on TXU Deal
Former Secretary of State James A. Baker III fired a warning shot over the Texas House of Representatives this week on behalf of his clients, KKR and TPG. Baker let it be known that empowering state regulators to review the deal would be a quick way to kill it, and to scare other business interests away from the state.
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Private Equity Breaks Records, IMF Gets Nervous
There's good news for private equity, and there's bad news. On the upside, private equity firms raised $44.3 billion in the first quarter of 2007. On the downside, the IMF warned that PE is more vulnerable than ever to a collapse that would wreak havoc on the global economy.
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CME Postpones Vote on CBOT Takeover
The Chicago Mercantile Exchange late yesterday postponed a shareholder meeting that was scheduled for today to vote on a takeover of the Chicago Board of Trade. The delay came in the wake of a recent rival bid from Intercontinental Exchange.
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Citi Hedge Fund Head's Expected Exit
Citi's massive wave of restructuring may include one more job close to the top. Following the high-profile pick-up of Vikram Pandit to run Citigroup Alternative Investments, Dean Barr, head of Citi's hedge funds, will likely seek growth opportunities elsewhere.
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Fed Notes Hit Street Driving Dow Down, But Bernanke Up On Hedges
Notes from the Fed's last policy meeting brought out the bears, as the Dow dropped on warnings of looming interest rate increases coming to offset inflation and slower U.S. growth. Chairman Ben Bernanke countered a little of the gloom by delivering a defense of a "light regulatory touch" for hedge funds in a speech at NYU.
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ICE Challenged Internally on CBOT Bid
The fight between CME and ICE for control of CBOT is about to make some unlikely allies. NYBOT traders will mount a PR campaign in Chicago against ICE's bid. Yes, ICE's January acquisition is trying to hamstring its owner's latest expansion plans.
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Stop that Deal! Hedge Fund Pirate Storms Aquila
Pirate Capital LLC has raised the Jolly Roger and lowered the guns on Aquila, a utility company in which it holds a 5 percent stake. They've filed a class-action lawsuit and launched a website to halt a proposed sale to Great Plains Energy Inc.
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Nasdaq Weighs Options in Philadelphia
Philadelphia may soon move one step closer to being New York's sixth borough. Nasdaq is reportedly considering acquiring the Philadelphia Stock Exchange to expand its reach into options trading.
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Citigroup Pursues Pandit, Adds Taiwanese Bank
They say the way to a talented executive's heart is through his hedge fund. Or that's at least a short summary of Citigroup's approach to recruiting Vikram Pandit, a Morgan Stanley veteran whose year-old firm Old Lane LP is currently the target of Citigroup's attention.
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ABN Amro Puts a Price on Loyalty
As ABN tilts between merger talks with other banks and TCI's pressure to break itself up into neatly disposable pieces, internally the bank is trying to hold itself together long enough to make a deal. Hoping to avoid a massive employee exodus, ABN is guaranteeing bonuses for executives who don't jump ship.
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KKR Boots Rumors
Kohlberg Kravis Roberts is denying rumors that it has secret plans to join with Celesio in its pursuit of Alliance Boots. KKR's also taking on union claims that they're going to shut down village pharmacies.
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Citigroup's Transformation: Prince Heeds His Shareholders
A big company seeking big savings needs big changes. The overhaul announced by Citi CEO Charles Prince will affect roughly 8 percent of his 327,000 employees, but promises to be a change in direction that's almost a decade overdue.
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ABN Cashes In on Takeover Spotlight
Profit is up 31 percent this quarter at ABN Amro. Stock prices have been climbing steadily since Barclays first declared its interest in the bank. Thank you, activist hedge fund TCI.
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Activist Hedges Saying No to PE LBOs
Is it the end of the one-time dynamic duo? In the ongoing frenzy of M&A activity, activist hedge funds and buyout-driven private equity firms may find their interests increasingly at odds.
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Fidelity Takes Strong Position in Fortress
SEC filings yesterday revealed that Fidelity Investments snapped up nine million shares of hedge fund Fortress Investment Group in its February IPO. That's roughly 26 percent of the total shares made available in the offering.
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CBOT's Tale of Two Cities
The contest between CME and ICE to acquire CBOT is being characterized as a battle between cities, with ICE's bid seen as a bullying move by New York to dominate financial markets. If it's deep dish versus thin crust, then Chi-town better watch out.
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International Hedge Report Draft: Easy Reading
As G7 ministers met to discuss hedge funds (among other things), a draft of the report that they commissioned at their last meeting surfaced. Sorry, Germany, but it doesn't call for increased regulation.
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U.K. Fund Executive Mourned After Unexpected Death
Poised to take the helm as chief executive of Morley Fund Management, Chris Phillips was instead caught in a freakishly severe storm at the outset of a vacation in the Pyrenees. His death from aftereffects of exposure has left a void at two prominent U.K. fund management firms.
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Blackstone Expected to Bid on Chrysler
DaimlerChrysler confirmed Wednesday that it is in negotiations with a number of parties about the sale of its money-losing Chrysler division. Although bidders were not disclosed, Magna International Inc. and private-equity firms Blackstone Group LP and Centerbridge Capital Partners LLC are rumored to be in play.
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The Greenest Hedge of Them All
Kenmar will offer institutional investors the opportunity to side with the environment in their hedge fund bets. A new fund of funds will launch July 1 to meet a growing demand for earth-friendly investment opportunities.
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Deferred Tax Options Make Hedge Funds News
A reporter at the New York Times is shocked (shocked!) to discover that hedge fund managers may have legal means to defer paying taxes on their earnings.
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Dow Execs Out After Takeover Talk
Dow Chemical's CEO Andrew Liveris is not interested in a takeover. Two senior executives at the company learned just how uninterested he is when they were fired over accusations of talking with would-be buyers.
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Blackstone's High-Energy Magic: Kailix Revealed
Equity colossus Blackstone Group's upcoming IPO offers investors more than just stock. SEC filings for its $1.3 billion equity hedge fund, Kailix Advisors, provide a glimpse of where the behemoth is placing its bets.
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KKR Rolls On Rival Bidder Down Under
Australia's largest LBO will be an international affair, if an equity consortium led by KKR has its way. News of their interest has already led Aussie-retailer Coles to advise shareholders not to sell shares to domestic would-be buyer Wesfarmers. Sorry, mate.
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Hedge Funds Hit PBS
You spent Friday night at home watching PBS, right? If not, you can still go online to catch public television's take on "sometimes secretive and often very risky investment accounts ... with the potential to spell dire consequences for ordinary Americans." AKA, hedge funds.
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Fool's Gold? Dubious Bloomberg Story Drives Stock Spike
When Edward Pastorini talks, people listen. You know Pastorini, right? He keeps his brilliant M&A maneuvers out of the public eye, but surely YOU know his illustrious track record?
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To Expand Options, Exchanges Battle for the Future(s)
Stock exchanges love competition. But do they love being in competition? In the drive for derivatives, they have no choice but to drop the gloves and join in the bare-knuckles battle for the future of trading.
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Alpha Is Dead, Long Live Alpha
Want to hear the sound of one hand clapping? Tell a room full of hedge fund professionals that alpha is dead.
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Global Regulators Ponder Hedge Fund Valuations
Regulators from around the world and hedge fund industry experts gathered this week at a Mumbai meeting of the International Organization of Securities Commissions (IOSCO). All agreed that more work needs to be done to bring consistency to valuations of hedge fund assets.
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His Fund Was Phony, But the Bars Are Real
Hakan Yalincak took hedge fund fees to another level. Forget 2 plus 20, he just kept 100 percent of whatever you gave him. Which explains why a judge has invited him to invest 3 and 1/2 years of his life reevaluating that bogus fund strategy as a guest of the state.
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Morgan Stanley Hedge Fund Shopping Spree to Continue
Signaling that Morgan Stanley's decision to invest in five hedge funds in as many months hadn't been a fluke, company CFO David Sidwell told shareholders to expect more activity in the coming year.
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DaimlerChrysler's Zetsche Wants Stake in Chrysler
Chrysler may be up for grabs, but one German source reports that Dr. Z doesn't plan to sell it outright. DaimlerChrysler would retain a minority stake in any sale of the U.S. automaker.
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Goldman Scoffs at Bad Mojo
Goldman Sachs has a new place in Greenwich, Connecticut. Before you decide what to bring to the office warming party, it's probably worth noting that the last tenant was Amaranth.
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Sallie Mae Goes for $25 Billion
It won't be Blackstone doing the buying this time, but Sallie Mae has accepted an offer to be acquired for $25 billion. A four-party team composed of JPMorgan, Bank of America, JC Flowers and Co and Friedman Fleischer & Lowe will join forces to purchase the student loan giant.
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Car Talk with Kirk Kerkorian
While Blackstone and other Chrysler shoppers continue discreet talks behind closed doors, Kirk Kerkorian has laid down a very public $4.5 billion bid in an open letter to DaimlerChrysler board members. It's a low offer with strings attached, but DaimlerChrysler's shares rose almost three percent Thursday afternoon.
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Navigating Chrysler: $9 Billion Offer Ahead?
Latest word from Germany by way of Detroit is that DaimlerChrysler received offers as high as $9 billion for its Chrysler Group on Friday. Internally, Chrysler is continuing a tug-of-war with the UAW over health care costs, which are said to lower the company's value by $3.1 billion.
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Pensions Value Low Profiles over High Returns
In the world of pensions, fund performance is less important than staying out of the papers. For pension managers considering hedge fund investments, "A" is for "Amaranth," not just for "alpha."
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Merger Arbitrage Tops Q1 Hedge Strategies
Crossing the line with 6.43 percent returns, merger arbitrage is the quarter's clear winner among hedge fund strategies tracked by Dow Jones Hedge Fund Indexes.
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New York (Magazine) Hearts Hedge Funds
Think you know what a hedge fund is just because you run one? Well, maybe you should have a look at New York Magazine to be sure. The April 16 issue is all about hedge funds, explaining the basics to the uninitiated and surveying the lifestyle. It might just be worth paying attention to what other people will now think they know about what you do.
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New Chapter for Subprime Lender
Chapter 11, of course. New Century Financial, formerly the largest independent subprime lender in the country, has filed for bankruptcy protection in Delaware. As the slide in this sector continues, the sound of a few lucky hedge funds clapping can be heard in the distance.
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Ford, DaimlerChrysler Sales Decline; Toyota Gains
Sales of two U.S. automakers declined in March, as Japanese rivals captured growing shares of the U.S. market.
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Apollo IPO: Real or Rumor
The latest firm rumored to be on the IPO bandwagon is Apollo Management. While news outlets hype its plans to go public, company executives deny talks of a deal.
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Goldman's Global Alpha Slips on Bad Bets in February
Goldman Sachs' flagship hit rough waters in February, losing 5.7 percent in the month, and leaving Global Alpha down 2 percent for the year. Fund managers attribute the reversal primarily to missteps on global bonds, as well as bets against the Japanese yen and Norwegian krone.
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Big Weekend for Boots in Europe
Ah, the challenges of being an Italian billionaire who just wants to use a private equity backer (KKR) to take over the massive retail health-care business (Alliance Boots) that he already directs in Europe's largest-ever LBO. It sounds like it should be easy, but apparently between a vibrant market and observant regulators, Stefano Pessina may have trouble buying a good night's sleep in the coming weeks.
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Sainsbury's Deal Dying as Boots Bidders Gather
Private equity investors often described in the U.K. as "circling vultures" will ironically be flying away from the carcass of a dead deal -- their bid for the acquisition of British retailer Sainsburys -- according to recent reports.
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Wall Street Dollars Help NYC Buck Housing Decline
Manhattan apartment prices rose an average 6.6% per square foot in the first quarter from a year ago, thanks in large part to Wall Street bonuses, according to the Prudential Douglas Elliman's Manhattan report, released today.
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Bets May Predict Ballots
Electronic trading markets where people can bet on presidential candidates indicate broad dissatisfaction with current Republican candidates; although Guiliani still leads.
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NYSE Euronext Shares Fall in Debut; Talks of Expansion
The newly combined NYSE Euronext Inc. saw its shares fall in their debut Wednesday as it became the world's largest stock-exchange group and the first major exchange to stretch across two continents. However, expansion plans were the topic of conversation.
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Carlyle Group to Jump into Hedges
Carlyle Group is reportedly staffing up in preparation for the launch of a $1 billion hedge fund, another indication of private equity's growing interest in the industry. The fund will launch a new hedge fund business unit to be dubbed Carlyle Blue Wave. Let's hope the investments go a little better than the naming process.
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Ailing Amaranth Under Fire from Empty-Handed Pensioners
Amaranth Advisors LLC is being accused of securities fraud by a San Diego County pension fund that lost much of its $175 million investment in the hedge fund's infamous $6 billion debacle last September. Nick Maounis, Amaranth founder and one of four individuals named in a lawsuit filed Thursday, flatly dismissed the legitimacy of accusations.
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Retired Morgan Exec to Launch New Fund
Robert Hagin apparently believes in an active retirement. He'll forego the lure of breakfast cocktails and nonstop golf to launch a new hedge fund, Hagin Capital LLC.
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Trading Spaces, New York Style
JPMorgan, Lehman Brothers, and Merrill Lynch are speaking with New York developers about building new trading floors.
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Where Are They Now?
Once upon a time there were dozens of mutual funds that doubled your money in less than a year. It was March 2000, a time when for a fund with the right portfolio -- lots of hot technology shares -- that meant notching up returns in a matter of months that would normally take years.
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Advising Wall Street’s New Money
In the hush-hush world of hedge funds and private equity, it is no secret that its top traders and deal makers have made huge fortunes. Less well known, however, is that these new kings of Wall Street are seeking compensation advice to handle their new money.
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Ex-Morgan Stanley Rep Goes Directly to Jail for Email
A former Morgan Stanley client services rep did not pass go, did not collect $200, but did get bail set at $35,000 after being arrested for emailing himself confidential information about the company's hedge fund clients.
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First Quarter First for M&A
Market tremors in the first quarter had little effect on M&A activity, which reached a record-breaking $1,130 billion globally. In the U.S. alone, volume grew 21 percent over last year, reaching $428.7 billion.
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Shady Trades Darken Brightest Deals
What percentage of the SEC's budget is earmarked for help-wanted ads? If recent trends are any indicator, the agency's going to need to add more than a few bodies to keep pace with the slew of insider trading linked to recent dealmaking.
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When Hunter Becomes the Hunted
Coverage of Solengo Capital's suit against a website for posting its prospectus in its entirety has begun to focus on the company's founder, Brian Hunter. Name ring a bell? Hint: rhymes with "Blamaranth."
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Campbell Names New Chief
Commodity trading advisor Campbell & Company has appointed Terri Becks as president and CEO, succeeding Bruce Cleland, who is stepping down for medical reasons.
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Schulman Steps Down As Tremont Group CEO
Robert Schulman, the long-time CEO of Tremont Group Holdings, is stepping down from his post in favor of Tremont President Rupert Allan, but will remain with the firm.
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Going Greek with Gamma and Theta
Brian Hunter just won't go away this week. His latest appearance? As the poster boy for theta, or the likelihood of extreme events to affect returns, when looking at aggregate performance of hedge funds.
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SEC Probes U.K. Couple's TXU Trades
Sometimes people make $271,600 in a few hours through hard work. Sometimes it's just dumb luck. The SEC, however, seems to think that Sunil and Seema Sehgal's February 26 windfall in TXU options was the result of neither.
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Bidding Up Sotheby's
Art-loving investors who might not be raising a bid paddle at Sotheby's coming spring sale are betting on the auctioneer's stock instead, according to today's WSJ.
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Doubledown Media Announces Newest Addition: PrivateAirDaily.com
Doubledown Media, publisher of Trader Monthly, Dealmaker, and Private Air magazines, has launched PrivateAirDaily.com. Targeted to private aircraft owners and fractional owners, PrivateAirDaily.com provides aviation, business, travel, and luxury lifestyle information.
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The Fast and Luxurious
Traveling at the speed of sound in your own private jet – sounds too good to be true, right? Well, it’s not. This speed is sure to bring you some prestige. From the current issue of Trader Monthly.
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Be Careful What You Wish For
When Arthur Levitt was the chairman of the SEC he was seen as a champion of the small, individual investor. Levitt can always say did his part to empower the proverbial little old ladies buying 10 shares of Microsoft, says Trader Monthly's Rich Blake.
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Ivanka Trump Says It’s Brains, Not Looks That Count
Giving hope to men everywhere with high IQs, but not so hot looks, Ivanka Trump says its wits that will win her over, even if he happens to be 90-years old.
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Lightning strikes twice at MarketWatch
By
Rod David
Plus ça change, plus c'est la même chose... au MarketWatch ("the more things change, the more they stay the same").
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Duke boy heads to Wall Street
David Evans had everything going for him. He was doing well at Duke University, was Captain of the lacrosse team, and had a Wall Street job offer in the bag. Then his world fell apart.
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Ultimate Pied-a-Terre for Yankee Fans?
By
Teri Buhl
A penthouse apartment with a terrace view of Yankee Stadium is the highlight of The Langston, Harlem Height’s first luxury building.
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The Heat Is On
Dwyane Wade trades Intel, lives to tell.
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Moment Of Truth In Yuan War?
Everyone has to let their currency float sometime. Some just need a little more help than others. (And we use the word “help” loosely here.)
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Barclays Slaps Down $91 Billion-Plus For ABN
As if ABN traders and brokers hadn’t already had their fill of layoffs this year…
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US, Foreign Stocks Increasingly Part Ways
File under Arbitrageurs’ Wet Dream. This chasm is widening.
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US Profits, Demand, Growth – You Name It – All Seen Waning
And that about covers it. Any questions? Apparently, the dollar still has room to improve its swan dive.
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End Of Days For Crude Oil Benchmark?
Signs are mounting that the world’s crude oil benchmark may be broken beyond repair.
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Happy Monday; Your Back Office Is About To Explode
If normal daily trading volumes can barely be handled, then what happens when something goes awry? (Bad stuff, we are
