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
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 […]
The Outsiders Who Saw Our Economic Future
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 […]
Web Pioneer Keeps Faith, and Cash, in Bitcoin
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 […]
Worried About a Bear Market In Bonds? Here’s What You Can Do
Q: Are there ways to protect a portfolio from a bear market in bonds? A: There’s growing concern in bond land. The stock market is firming, some investors are shifting cash from bonds to equities, and interest rates, still near all-time lows, likely will move higher over the next few years if the economy keeps […]
Stocks Testing Records—But There’s Still Room to Run
By GREGORY ZUCKERMAN The market is surmounting a wall of worries to approach all-time highs. The best news: There are reasons to think the good times will continue.
Firm Makes Bold Bet on Falling Prices
A Wager by Fairfax Financial Risks $174 Million. If Deflation Arrives, It Could Be Worth Billions. By GREGORY ZUCKERMAN A Canadian insurer is turning to a seldom-used strategy to make a big wager on falling prices over the next decade. Greg Zuckerman discusses a Canadian insurer that has wagered on derivatives that profit from a […]
Pellegrini’s Hedge Fund to Return Money to Investors
Paolo Pellegrini, the investor who helped hedge-fund manager John Paulson score more than $15 billion of profits betting against risky mortgages, is returning money to clients of his own hedge fund after suffering losses this year. Mr. Pellegrini’s PSQR Capital has lost about 11% so far in 2010, according to a person close to the […]
Gregory Zuckerman to appear at Wellesley Booksmith
Ever wonder how someone could earn four billion dollars in one year? Find out at Wellesley Booksmith on June 10 at 7 p.m. and hear what Wall Street Journal Senior Writer Gregory Zuckerman, author of “The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History,” has to […]
Paulson Confronts Goldman Fallout — Hedge Fund Allays Investors’ Concern; ‘I Felt Reassured’
By Gregory Zuckerman and Jenny Strasburg John Paulson hasn’t been accused of any wrongdoing. But the hedge-fund billionaire has gone on the offensive to reassure investors that his huge firm will emerge unscathed from a case that has drawn him into a political and legal vortex. The steps, including a conference call with about 100 […]
