Archive

Reuters blog archive

from Unstructured Finance:

Stevie Cohen: the pop star edition

Hard to believe, there was a time when Steven A. Cohen was not all that well-known on Wall Street outside of the hedge fund industry. Some even used to confuse the then-paunchy hedge fund trader with a popular magician with the same name.

But it’s true. In fact, a decade ago,  BusinessWeek (pre-Bloomberg takeover) did a cover story about Cohen and his then-$4 billion SAC Capital Advisors, calling  the once super secretive investor, “The most powerful trader on Wall Street you’ve never heard of.”

Today, however, it’s almost a rarity when a major business publication or website (that’s you Dealbreaker) doesn’t have a story about Cohen and his currently $15 billion hedge fund (subject to change depending on how much in outside investor money gets returned at the end of this month). Whether it be the long-running inside trading investigation, his failed attempt to buy the Los Angeles Dodgers, his impressive growing art collection or his sizeable charitable donations, Cohen and his firm are always making news. A few years back, we even did a story on SAC Capital's resident golf pro and how he would line up golf outings for SAC traders with corporate executives.

But Cohen, for better or worse, has moved beyond the business pages to the popular press. And while he’s not yet fodder for People magazine or TMZ, consider just how mainstream Cohen and his embattled hedge fund empire have gone.

from Photographers' Blog:

Augusta: A tournament like no other

Photo

Augusta, Georgia

By Phil Noble

It was the author Mark Twain who wrote "Golf is a good walk spoiled" and although the persistent rain that dogged the final round play at this years Masters certainly made it tough for both players and photographers alike, the amazing photographs at the final hole of regular play and the subsequent thrilling playoff certainly ensured our "good walk" wasn't ruined.

I was lucky enough to be asked to return to the Augusta National golf club this year for my second Masters tournament. Along with my Reuters colleagues Mike Segar, Bryan Snyder, Mark Blinch and 24 year Masters veteran Gary Hershorn, who would edit our pictures, we pitched up again at the Mecca of golf to cover a tournament unlike any other.

from Photographers' Blog:

Covering the U.S. Open (and Tiger)

Photo

By Jeff Haynes

The U.S. Open is always one of the toughest events of the year to work. As photographers working a golf tournament we have to deal with more challenges during a week of golf than we might during the whole rest of the year. Weather, Tiger, blisters, Tiger, hills, Tiger, tight leader boards, Tiger, long days, Tiger, a sore body, Tiger, fog, Tiger, marshalls, Tiger and 155 other golfers not named Tiger.


REUTERS/Robert Galbraith

Working with three outstanding Reuters’ photographers - Robert Galbraith, covering what he figures is around his 80th Major Golf Tournament dating back to the 1982 U.S. Open where Watson and Nicklaus battled at Pebble Beach, Matt Sullivan and Danny Moloshok - made this a very enjoyable week. Each day these guys came up with amazing photographs telling the story of the day.

from Left field:

“Luuuke” golf beginning to win over fans

Photo

Luke Donald's complete dominance of Wentworth's brutal West Course has led the world to sit up and take notice, while his chanting fans have also made their mark.

Not that people were not aware of Donald before, just that his latest victory and the fashion in which he won Europe´s PGA have raised his profile in his native England and made him the golfer to beat again.

from Left field:

Has ‘Bubba golf’ got the legs for world domination?

Photo

Inspired by Bubba Watson’s brilliance, beautifully encapsulated in that wedge from the pine needles on Augusta’s feared 10th hole en route to winning the Masters on Sunday, I took to the range for a good old clout of the golf ball rather than worrying about a textbook swing.

Ugly noise. Ball darts off right. Left-handed kid receiving a lesson two bays away, who when asked who his favourite player was replies “Bubba Watson”, hits it better with the same club (7 iron).

from Breakingviews:

Why is IBM even sponsoring the Masters?

Photo

By Agnes T. Crane
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.Golf and business often mix well. But Augusta National Golf Club, which hosts the famed Masters tournament, staunchly remains an all-boys club. That conflicts with the diversity aims of tournament sponsor International Business Machines. The difficulty is particularly noticeable this year, given the gender of the technology company’s new chief executive, Virginia Rometty.

As a private organization, Augusta can do what it likes. But with the financial logic for sponsorship fuzzy anyway, the club’s policy raises serious questions for IBM and the other big Masters sponsors, AT&T and Exxon Mobil. IBM, for one, talks about all its business, social and recreational activities being conducted without discrimination of any kind.

from Breakingviews:

Why is IBM even sponsoring the Masters?

Photo

By Agnes T. Crane
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.Golf and business often mix well. But Augusta National Golf Club, which hosts the famed Masters tournament, staunchly remains an all-boys club. That conflicts with the diversity aims of tournament sponsor International Business Machines. The difficulty is particularly noticeable this year, given the gender of the technology company’s new chief executive, Virginia Rometty.

As a private organization, Augusta can do what it likes. But with the financial logic for sponsorship fuzzy anyway, the club’s policy raises serious questions for IBM and the other big Masters sponsors, AT&T and Exxon Mobil. IBM, for one, talks about all its business, social and recreational activities being conducted without discrimination of any kind.

from Left field:

Masters Live

Follow all the action and excitement of the Masters with our team of reporters and photographers at Augusta National as Tiger Woods goes in search of his fifth Masters title while a host of rivals, including Rory McIlroy, Phil Mickelson and world number one Luke Donald seek the famous green jacket for themselves.

Click here for updates, pics, quotes, commentary and behind the scenes news from golf's most iconic venue.

from Left field:

Woods wins at last but is Tiger “back” this time round?

Photo

"That was a huge win for Tiger Woods today. Our game just got a whole lot more interesting," scribed world number 11 Dustin Johnson on Twitter on Sunday after his fellow American dominated the field at Bay Hill to clinch the Arnold Palmer Invitational.

This theme is already being discussed just hours after former world number one Woods won his first PGA Tour event since September 2009 after a much publicised fall from grace towards the end of that year and at the beginning of 2010.

from Left field:

McIlroy top of the world, Woods firing…Florida serves up a classic

Photo

Rory McIlroy became the second youngest number one golfer on Sunday after Tiger Woods when the Northern Irishman survived a final-round special from the 14-times major winner at the Honda Classic in Florida.

Golf is in fine fettle. 22-year-old McIlroy can do no wrong, Woods is showing signs of a resurgence and the pair will meet again at next week's WGC-Cadillac Championship in nearby Doral for another elite-field event.

  •