Funds Hub
Money managers under the microscope
Morning Line-Up: Picard strikes again; hedgie Einhorn sees market split
News and views on the asset management industry from Reuters and elsewhere:
Trading probe SAC client named - WSJ
Madoff trustee seeks an additional $555 mln from UBS - Reuters
Skandia removes Gartmore manager from fund – Fund Strategy
Jim Rogers bets the farm as he shuns Wall Street - Reuters
Einhorn says US stock prices failing to reflect true value - Reuters
Einhorn: Moody’s broadside lacks usual punch
David Einhorn again sent markets scurrying last week when he told investors he was shorting Moody’s Corp, but the Greenlight Capital manager’s latest thumbs down packed a weaker punch than his past, celebrated broadsides.
To be fair, Einhorn had a tough act to follow. A year ago, he boldly said Lehman Brothers was in much worse shape than its management would admit. Four months later — the bank went bankrupt and the shares were wiped out. It took more than six years, but his warnings about business lender Allied Capital also proved accurate and ultimately very profitable.
