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 MOREStephen Gandel, senior editor - May 23, 2013 1:35 PM ET
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 MOREStephen Gandel, senior editor - May 22, 2013 5:00 AM ET
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, MOREStephen Gandel, senior editor - May 17, 2013 11:05 AM ET
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 MOREStephen Gandel, senior editor - May 16, 2013 10:42 AM ET
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, MOREStephen Gandel, senior editor - May 14, 2013 10:49 AM ET
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 MOREStephen Gandel, senior editor - May 13, 2013 7:00 AM ET
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 MOREStephen Gandel, senior editor - May 10, 2013 9:02 AM ET
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 MOREStephen Gandel, senior editor - May 9, 2013 5:01 PM ET
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 MOREStephen Gandel, senior editor - May 9, 2013 1:46 PM ET
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 MOREStephen Gandel, senior editor - May 8, 2013 3:37 PM ET
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