Archive for Trades

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 […]

Inside the Showdown Atop The World’s Biggest Bond Firm

| March 25, 2014 | 0 Comments

Feb. 24, 2014 NEWPORT BEACH, Calif.—Tension increased at Pacific Investment Management Co.’s headquarters here last summer. The bond market was under pressure, losses grew and clients pulled billions of dollars from the firm. Bill Gross, who co-founded Pimco in 1971 and is largely responsible for building it into a behemoth overseeing almost $2 trillion in […]

Filed Under: Financial News, Trades

Stocks Testing Records—But There’s Still Room to Run

| March 5, 2013 | 0 Comments

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.

Filed Under: Articles, Financial News, Trades

‘London Whale’ Sounded an Alarm on Risky Bets

| March 5, 2013 | 0 Comments

By DAN FITZPATRICK, GREGORY ZUCKERMAN and SCOTT PATTERSON The J.P. Morgan Chase JPM +0.79%& Co. trader known as the “London whale” tried to alert others at the bank to mounting risks months before his bets ballooned into more than $6 billion in losses, according to people familiar with emails reviewed by J.P. Morgan and a […]

Filed Under: News, Trades

The hottest trade on Wall Street–Betting against the Japanese Yen

| March 5, 2013 | 0 Comments

By GREGORY ZUCKERMAN Some of the biggest U.S. hedge-fund investors have made billions betting against the yen, exploiting Japan’s determination to weaken its currency and boost its economy. Wagering against the yen has emerged as the hottest trade on Wall Street over the past three months. George Soros, who made a fortune shorting the British […]

Filed Under: Trades

The $300 Million Blunder

| March 26, 2011 | 0 Comments

Jabre Bought Japanese Shares After Quake, but Bailed Too Soon, Missing Rebound By GREGORY ZUCKERMAN Few investors have made as many mistakes navigating markets over the past two weeks as Philippe Jabre. Mr. Jabre, one of Europe’s best-known hedge-fund managers, bought Japanese stocks on news of the earthquake, and then suffered when the Nikkei Stock […]

Filed Under: News, Trades

Trader Racks Up a Second Epic Gain

| January 28, 2011 | 0 Comments

$5 Billion Profit for John Paulson By GREGORY ZUCKERMAN Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010—likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his “short” bets against subprime mortgages in 2007. Mr. Paulson’s take, described by investors and people close […]

Filed Under: Gold, John Paulson, News, Trades

Paulson Hits Hurdles in Gold Fund

| February 18, 2010 | 0 Comments

The Wall Street Journal FEBRUARY 18, 2010 by Gregory Zuckerman It took John Paulson months to convince investors that housing would crumble. Now it’s taking him awhile to get them excited about gold, his latest passion. When Mr. Paulson’s Paulson & Co. late last year announced it was starting a hedge fund to make a […]