By Matthew Goldstein
Tyrone Gilliams, the self-styled online preacher, hip-hop promoter and commodities trader, who an investor claims misappropriated his $4 million, is now trying to be a lawyer.
Private equity firm Gores Group is in talks to buy more than half of bankrupt bookseller Borders Group’s remaining stores, the Wall Street Journal reports, citing people familiar with the matter.
The Smart Money 30 group of top hedge funds spent the first quarter unwinding positions in major banks, one of their most successful bets of 2010, and shifting toward investments that can prosper in weaker economic times, like deep discount retailers. Find Reuters’ quarterly package of Smart Money stories here.