Unstructured Finance

Why Steven Cohen won’t turn SAC into a family office

January 2, 2013

By Matthew Goldstein

Every time the insider trading investigation thrusts Stevie Cohen back into the spotlight, there’s always speculation about whether the billionaire trader will simply give back money to his outside investors and convert his $14 billion SAC Capital into a family office in order to avoid the unwanted headlines. But as tempting as that might be to the publicity-averse Cohen, the well-known trader has a big financial incentivel to keep managing money for his outside investors.

Talking straight with money managers, policy makers and econ gurus

November 27, 2012

By Matthew Goldstein and Jennifer Ablan

We may not be TV people but there’s something to be said for just sitting down and doing a video interview to discuss the big issues of the day. And that’s just what we did as part of this year’s Reuters Investment Outlook Summit and it’s something we hope to keep doing as  a regular feature going forward into the new year.

Some Hedge Funds Throwing in Keys as “Landlords”

October 18, 2012

By Matthew Goldstein and Jennifer Ablan

All year the big money has been talking up one of the more intriguing trades to emerge from the housing crisis: buying up foreclosed homes in large scale and rent those out for several years and then unload them when the price is right. But questions about the so-called rent-to-own trade are being raised now that an early mover in the space, hedge fund giant Och-Ziff Capital, is looking to cash in its chips now and is abandoning the idea of operating foreclosed homes as rental properties for years to come.

UF Weekend Reads

October 12, 2012

By Sam Forgione

This week’s Weekend Reads may drive you back to the big news of the week: The Debates.

Hedge funds love affair with leverage still on hiatus, for now

October 5, 2012

By Katya Wachtel

Last year was a sorry one for the $2 trillion hedge fund industry, when funds lost 5 percent on average. This year managers are doing better, up more than 5 percent for the year, according to the latest tracking data.

Hedge funds vs. darts

July 5, 2012

By Matthew Goldstein

The Wall Street Journal used to run a feature in which some of its staffers would periodically pick stocks by throwing darts against a target. The idea was to see how many times stock picking by pure chance could outperform the picks of a bunch of experts.

Wall Street gold rush in foreclosed homes heads north

May 29, 2012

By Matthew Goldstein and Jennifer Ablan

The state of Alaska is looking to cash in on the growing demand for renting out foreclosed single-family homes.

Over dinner in Sin City, Gore and hedge fund honchos talk taxes and Obama

May 11, 2012

Fund manager Anthony Scaramucci, also known as the “Mooch,” likes to bring big-name politicos to his annual hedge fund convention-cum-carouse, the Skybridge Alternatives Conference, or, as most simply call it: SALT.

UF Weekend Reads

May 5, 2012

A dreary looking day in the NYC environs today, but that won’t overshadow birthday celebrations and other good news too cheer! A big shout to all UF members today. Oh, and fight for your right to party. Here then is Sam Forgione’s suggested readings.