Archive for Articles

‘You Have to Stop,’ Renaissance Executive Tells Boss About Trump Support

| November 3, 2017 | 0 Comments

At some companies, a divisive presidential campaign has led to disharmony in the workplace By Gregory Zuckerman for The Wall Street Journal Feb. 23, 2017 David Magerman says he was in his home office in suburban Philadelphia earlier this month when the phone rang. His boss, hedge-fund billionaire Robert Mercer, was on the line.

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Meet the Mercers: A Quiet Tycoon and His Daughter Become Power Brokers in Trump’s Washington

| November 3, 2017 | 0 Comments

Armed with data on an alienated electorate, a hedge-fund magnate and his family shun the GOP establishment to support the winning campaign; advising on cabinet selections By Gregory Zuckerman, Keach Hagey, Scott Patterson and Rebecca Ballhaus for The Wall Street Journal Jan. 8, 2017 In February 2014, a group of conservative political donors gathered at New York’s Pierre Hotel to […]

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15 Years After 9/11, a Brother Confronts Grief’s Long Arc

| November 3, 2017 | 0 Comments

Harley Di Nardo had long suppressed his pain over the loss of his sister—until sorrow proved stronger By Gregory Zuckerman for The Wall Street Journal Sept. 9, 2016 The night before everything changed, Harley Di Nardo and his sister, Marisa, treated their mother to a birthday dinner at Windows on the World, the restaurant on the World […]

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Billionaire George Soros Lost Nearly $1 Billion in Weeks After Trump Election

| November 3, 2017 | 0 Comments

Hedge-fund manager’s ex-deputy, Stanley By Gregory Zuckerman and Juliet Chung for The Wall Street Journal Jan. 13, 2017 Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election. But Stanley Druckenmiller, Mr. Soros’s former deputy who helped Mr. Soros score $1 billion of profits betting […]

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The Quants Run Wall Street Now

| November 3, 2017 | 0 Comments

For decades, investors imagined a time when data-driven traders would dominate financial markets. That day has arrived. By Gregory Zuckerman and Bradley Hope for The Wall Street Journal May 21, 2017 Alexey Poyarkov, a former gold-medal winner of the International Mathematical Olympiad for high-school students, spent most of his early career honing algorithms at technology companies such as […]

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Renaissance Feud Spills Over to Hedge Fund Poker Night

| November 3, 2017 | 0 Comments

Executive David Magerman says he had hoped to repair frayed relationship with Mercers By Gregory Zuckerman for The Wall Street Journal April 28, 2017 As David Magerman counted down to April 20, a confrontation with Rebekah Mercer wasn’t on his mind. The Renaissance Technologies Corp. executive was anticipating the annual hedge-fund poker tournament that evening at […]

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Wall Street Made Charles Murphy Successful and Rich, but Happiness Eluded Him

| November 3, 2017 | 0 Comments

After his apparent suicide, friends say the brilliant, commanding, sometimes abrasive banker suffered from depression—and grew despondent maintaining the charmed life he built for his family By Gregory Zuckerman, Serena Ng and Leslie Scism for The Wall Street Journal April 9, 2017 Charles Murphy used to walk home through New York City’s Central Park to his 19-room townhouse […]

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In New Energy Era, Gushers of Opportunity

| March 25, 2014 | 0 Comments

It isn’t too late to learn important lessons from the surprising resurgence of American oil and gas. It is also not too late to profit from it.

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The Outsiders Who Saw Our Economic Future

| March 25, 2014 | 0 Comments

The experts keep getting it wrong. And the oddballs keep getting it right. Over the past five years of business history, two events have shocked and transformed the nation. In 2007 and 2008, the housing market crumbled and the financial system collapsed, causing trillions of dollars of losses. Around the same time, a few little-known […]

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Web Pioneer Keeps Faith, and Cash, in Bitcoin

| March 25, 2014 | 0 Comments

Marc Andreessen Is Betting on Wide Adoption of Digital Currency Bitcoin March 21, 2014 Internet pioneer Marc Andreessen is doubling down on bitcoin amid turbulence in the virtual-currency world, in a bet that widespread adoption of the currency will fuel the growth of new businesses and technologies. Venture-capital firm Andreessen Horowitz, where Mr. Andreessen is […]