Hints and tips:
...In March that year, as the Nasdaq Composite hit its dotcom era peak, he said investors’ appetite for technology and internet stocks was “unwittingly creating a Ponzi pyramid destined for collapse”....
...Bravo dismissed the “pyramid scheme” comparison. “People don’t say . . . that the public markets are a pyramid scheme,” he said....
...The lease was signed by a company named BSREP III Nero LLC, a possible allusion to the emperor who was blamed for the burning of Rome....
...That business had the same management team as Mr Cohen’s $9bn family office, Point72 Asset Management....
...GDPR requires app developers offering services to European users to disclose their privacy policies, including third party data sharing, as well as user data management options.”...
...Mr Cohen began laying the groundwork for his return to the industry last spring by opening Stamford Harbor Capital next door to Point72....
...It’s such an establishment company that it even provided the glass that went into building the famous Louvre Pyramid....
...In April last year Mr Cohen began laying the groundwork for a return to the hedge fund industry by opening a vehicle called Stamford Harbor Capital, which shares the same management team as Point72 and is...
...Earlier this year Mr Cohen registered a new vehicle called Stamford Harbor Capital with the Securities and Exchange Commission, which will share the same management team as Point72....
...Advent, understandably, assumed the management would be part of the deal....
...Herbalife is up 44 per cent since December 2012 when Pershing Square called the company a pyramid scheme, while Valeant, the pharmaceuticals company, is down almost 90 per cent since its high last year,...
...Stamford Harbor oversees no money yet, but under its SEC registration it must have $100m under management within 120 days of registering....
...While Mr Cohen will not supervise the activities of anyone acting on its behalf, he owns Stamford Harbor, and it shares the same management team as his family office, Point72 Asset Management, which manages...
...While Mr Cohen will not supervise the activities of anyone acting on its behalf, and is not breaching the terms of his SEC agreement, he owns Stamford Harbor, and it shares the same management team as his...
...Until this week Mr Grom was employed by CRT Capital, a Stamford, Connecticut-based broker-dealer. A secretary said he had left the firm on Tuesday....
...Enemies, notably Bill Ackman’s Pershing Square, describe it as a pyramid-selling scheme....
...Stamford also recently hired Guy Beech as head of business development from Tendo Associates, a consultancy....
...However, SAC’s publicly reported assets under management remained roughly constant at about $15bn until shortly before its last update at the end of September....
...The skies were grey over the SAC’s headquarters in Stamford, Connecticut, where access was blocked to the public on Thursday, as the authorities held their press conference in New York....
...Herbalife, the nutritional supplement company accused of being a pyramid scheme by short seller Bill Ackman, on Thursday lashed out at his Pershing Square hedge fund....
...SAC also received a subpoena for information but the firm’s Stamford offices were not raided. A few weeks later, the FBI approached Mr Freeman who secretly agreed to co-operate....
...The company is under attack from short seller Bill Ackman who has called Herbalife an illegal pyramid scheme and placed a $1bn bet against the value of its stock....
...The support of Third Point, with a stake valued at about $340m before Wednesday’s jump, is a boost to Herbalife, which denies it is a pyramid scheme....
...Much of its $12bn in assets under management come from Mr Cohen and his staff....
...You can get paid a lot, yes, in the good times but in a cyclical downturn the consequences for your career can be grave, especially for those near the top of the pyramid without sufficient political support...
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