Archive
Author: Michael Covel
- December 17, 2008The Madoff Investor JEHT Foundation, created by Jeanne Levy-Church, Shocked to Lose their Endowment
From the New York Times today: When Jeanne Levy-Church created the JEHT Foundation in 2002 to promote justice, equality, human dignity and tolerance, she tapped into investments run by Bernard L. Madoff.…
- December 15, 2008Madoff Clients: Case Studies for Colleges Classes for Decades
From the AP today: When local officials in Fairfield, Conn., heard of Madoff’s arrest “it set off every bell,” said Paul Hiller, the town’s chief fiscal officer. The town’s employees board and…
- December 13, 2008Ramifications of Bernard Madoff Blowout
Consider a wire excerpt: Now, the collateral damage is likely to add to the chaos that has already been ravaging hedge funds. Spooked by losses and forced to raise cash quickly as…
- December 11, 2008Bernard L. Madoff: Introducing the Hedge Fund with the Most Gullible Clients on the Planet
This one is a doozy: The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched…
- December 11, 2008Geetesh Bhardwaj Is the Tool for the Attack; Mutual Funds Go After Trend Following
Follow along with this chain of events: 1. I made this post in November about Geetesh Bhardwaj at AIG who was criticizing trend followers. 2. Within a few weeks of my original…
- December 5, 2008Six Degrees of Trend Trading Separation
Amos Hostetter started Commodities Corporation (a trading incubator long before Richard Dennis and the Turtles). Who got their start at Commodities Corporation? Paul Tudor Jones, Louis Bacon and Ed Seykota were three…
- December 3, 2008Louis Bacon: Trades the Price
I have long found stories of Louis Bacon of Moore Capital interesting. Google him. Read up. While Bacon is never classified as a trend following trader, he trades off price action and…