“He never told me he was investing with Madoff, and he probably didn’t tell most of his clients, and I understand why,” Steinhardt said yesterday in a phone interview. “Madoff, according to Ezra, was engaged in an analogous type of arbitrage so it was logical for Ezra to focus on Madoff.”
Dec. 31 (Bloomberg) -- Tremont Group Holdings Inc., a hedge- fund firm owned by Massachusetts Mutual Life Insurance Co., was sued again for investing with financier Bernard Madoff , who allegedly confessed to a $50 billion Ponzi scheme.
John Paulson, who runs the $36 billion hedge fund firm Paulson & Co, is looking to buy distressed mortgages and distressed debt, despite being bearish on the overall economy, Bloomberg reported.
Dec. 31 (Bloomberg) -- John Paulson , who runs the $36 billion hedge-fund firm Paulson & Co., has some harsh words for his peers and their tendency this year to block or curb clients’ attempts to get their money back.
Lafayette will look at purchasing gas with other Indiana cities in a hedge fund to get a lower price for fuel.
Contact:
Copyright © 2005 Hedge Fund Zone.com All Rights Reserved