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The 4 hedge funders losing big in the Japan rout
There's one big winner, too.
FORTUNE -- The "Abe Trade" just hit a major bump.
Toward the end of last year, a number of large hedge funds began piling into Japan. Driving the bet was the country's new prime minister Shinzo Abe, who said he favored flooding Japan's markets with cash from its central bank in order to finally pull its economy out of its perpetual slump. And hedge funds, for all MORE
Stephen Gandel, senior editor - May 23, 2013 1:35 PM ETPosted in: dan loeb, Hedge Funds, japan, Kyle Bass, Louis Bacon, Paul Tudor Jones, Stan Druckenmiller -
Goldman pushes hedge funds for your 401(k)
Wall Street is rolling out low-minimum mutual funds that will let you lose money like a high roller.
FORTUNE -- Usually Wall Street waits for a bubble before it pushes an investment on average Joes.
So it's certainly a change that the returns on the investment Wall Street is currently trying to sell to individual investors have stunk lately. Is that any better? Probably not.
Goldman Sachs (GS) recently announced it was launching MORE
Stephen Gandel, senior editor - May 22, 2013 5:00 AM ET -
Morgan Stanley's happy Facebook anniversary
CEO James Gorman has defied predictions that he would be forced out of the firm and has nearly pulled off an amazing turnaround.
FORTUNE -- Nearly a year ago, James Gorman sat in a chair on his firm's trading floor, clipped on a microphone and stared into a camera. For Morgan Stanley's CEO, it was Facebook judgment day.
Next to him was CNBC's Maria Bartiromo. Gorman had agreed to the interview weeks before, MORE
Stephen Gandel, senior editor - May 17, 2013 11:05 AM ETPosted in: big banks, Facebook IPO, investment banking, James Gorman, morgan stanley, Smith Barney, Wall Street -
A hole in JPMorgan's Dimon defense
To sway shareholders on next week's chairman vote, Jamie Dimon's supporters say focus on the bank's bottom line. They're hoping you will miss some accounting moves that have significantly boosted profits.
FORTUNE -- Jamie Dimon likes to talk about JPMorgan Chase's fortress balance sheet. What's a little more shaky is the bank's income statement.
Next Tuesday, at its annual meeting in Tampa, JPMorgan (JPM) will reveal the results of a shareholder vote MORE
Stephen Gandel, senior editor - May 16, 2013 10:42 AM ET -
6 big unanswered questions in the Bloomberg spying case
Bloomberg scandal may cause "grey dotting" on Wall Street to go mainstream.
FORTUNE -- There's a new name for Bloomberg on Wall Street: Big Brother.
Bloomberg CEO Dan Doctoroff and editor-in-chief Matt Winkler rushed out responses over the weekend and early Monday morning to the spying scandal at the media empire. But after a weekend and a day of media probes into how much client spying was tolerated by reporters at Bloomberg, MORE
Stephen Gandel, senior editor - May 14, 2013 10:49 AM ET -
Mortgages are investment du jour for hedge funds
At a confab of big money managers, the hottest topic was the home loan market. Scared yet?
FORTUNE -- In less than five years, mortgages have gone from toxic to tonic.
It's the same life span as the annual hedge fund conference SALT, where many of the top professional managers met last week to talk investments, hear speeches from luminaries like Al Pacino, and generally have a good time. In all, Las MORE
Stephen Gandel, senior editor - May 13, 2013 7:00 AM ET -
Sam Zell says sell
Legendary investor says stock market is in state of "euphoria," while economy is still in the dumps.
FORTUNE -- At least one notable investor thinks we may be in bubble trouble again.
Sam Zell on Thursday at the SALT hedge fund conference in Las Vegas said stocks are due for a fall. The legendary real estate investor thinks the market is out of touch with what is really going on in the MORE
Stephen Gandel, senior editor - May 10, 2013 9:02 AM ET -
Why Dan Loeb loves Japan
Hedge fund manager Dan Loeb says Japanese stocks are cheap.
FORTUNE -- Dan Loeb, the $11 billion hedge fund titan, says he is betting on a Japanese rebound.
Speaking on Thursday at the annual SALT hedge fund conference, Loeb named Japan as the investment he is most excited about right now.
"We are extremely focused on Japan," says Loeb, who runs the Third Point hedge fund.
In a recent investing letter, Loeb mentioned that MORE
Stephen Gandel, senior editor - May 9, 2013 5:01 PM ET -
Warren Buffett's first 5K
Berkshire Hathaway spent some time promoting its sneaker brand Brooks at its annual meeting.
FORTUNE -- I ran three miles in Warren Buffett's shoes.
For the first time, this past weekend, Berkshire Hathaway (BRKA) hosted a five-kilometer run on the Sunday of its annual meeting. I ran. Buffett did not.
But he was there to shoot the starting gun, give out awards and add, of course, some folksy charm. Berkshire has owned sneaker MORE
Stephen Gandel, senior editor - May 9, 2013 1:46 PM ET -
Roubini: Why I like stocks, for now
New York University economist Nouriel Roubini comes under fire for his bullish market call.
FORTUNE -- Recently the famously gloomy economist Nouriel Roubini has been talking up stocks. He says the Federal Reserve is pumping up the U.S. market and that the weak global economy will require it to do so for the next two years. That's an opportunity for anyone who has money in the market. After that, watch out.
But MORE
Stephen Gandel, senior editor - May 8, 2013 3:37 PM ET
Stephen Gandel has covered Wall Street and investing for over 15 years. He joins Fortune from sister publication TIME, where he was a senior business writer and lead blogger for The Curious Capitalist. He has also held positions at Money and Crain's New York Business. Stephen is a four-time winner of the Henry R. Luce Award. His work has also been recognized by the National Association of Real Estate Editors, the New York State Society of CPA and the Association of Area Business Publications. He is a graduate of Washington University, and lives in Brooklyn with his wife and two children.
