Salvatore Babones: European Austerity: Who Should Pay?
Europe’s big banks and vulture hedge funds should pay the price for austerity, not government workers and the poor.
Tag Archives: Hedge funds
In a Crackpot Economy, Endless Jackpots
By any rational benchmark, hedge fund manager rewards remain positively stratospheric. Back in 2002, a hedge fund manager needed to earn $30 million to enter the hedge fund top 25. In 2011, a downer of a year for hedge fund managers, that entry level stood at $100 million.
Salvatore Babones: The Greek Debt Crisis: What’s Going on in Europe?
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying “at least we’re not Europe.” To read the press accounts, it sounds like Greece is plunging Europe into a second Great Depression. Greece is having trouble paying its debts, and many people are worried that [...]
Salvatore Babones: Occupy Wall Street? Better Occupy Greenwich
Occupy Wall Street protests in lower Manhattan have struck at the heart of American corporate capitalism. What about Occupy Greenwich?
Sam Pizzigati: America’s Billion-Dollar-a-Year Men
Hedge fund honchos bet on stocks. They bet on gold. They bet on lawsuits. Most of all, they bet that the rest of us will never wise up to the awesome giveaway our current tax code ladles on them.
A New Record Hedge Fund Windfall
The hedge fund industry’s top trade journal has just released its annual listing of this financial sector’s 25 highest earners. The most stunning stat in this year’s release: a $4.9 billion payoff for 2010′s top hedge fund manager, about a billion over the previous personal hedge fund record.