The Hedge Fund Party Is Over
Ally's GMAC Mortgage Halts Home Foreclosures in 23 States(Bloomberg) Early today, Bloomberg reported that the fourth-largest mortgage originator had told brokers and agents to halt evictions tied to foreclosures on homeowners in 23 states. Now HousingWire reports that Ally is denying the story. What's going on here?
NFL CFO Anthony Noto Returning to Goldman Sachs (AP via Washington Post) Don't pretend like you didn't know that Goldman also controls the NFL. And now Noto is being replaced by another Goldman alum, Eric Grubman.
What Happened to US Interbank Lending in The Fnancial Crisis? (VoxEu) Remember how we needed to bailout the banks because there was a sudden credit freeze after Lehman blew up? Turns out that that freeze never really happened.
Say It With Roses, Say It With mink, But Never Ever Say It in Ink (Bainbridge). If you are going to trade on inside information, don't send a thank you email to the guy who gave you the tip. And especially don't send it to his work account.
Hugh Hendry: The Hedge Fund Party Is Over(BBC) Hendry says that hedge funds have had it far too easy, for far too long, and there are far too many of them.
Former Goldman Sachs Quant Chief Iwanowski Plots His Return(Absolute Returns) The guy who ran Goldman's Global Alpha fun with Mark Carhart is meeting with investors in New York to talk starting a new fund.
I need an iPhone (YouTube). This is quite simply the funniest video on the internet right now. If you don't watch it, you hate funny.