tag:blogger.com,1999:blog-5430551647649189542012-01-27T15:13:29.037ZMichael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comBlogger1366125MoneyIsTheWayhttp://feedburner.google.comtag:blogger.com,1999:blog-543055164764918954.post-5670783804651054472012-01-27T11:44:00.000Z2012-01-27T11:46:12.432Z2012-01-27T11:46:12.432Z

Isn't it amazing, some of the stuff that goes on? This nutty Philippe Gougenheim character is supposed to be the big boss of hedge funds at Unigestion. But that's not good enough for him, oh no. (No!) Yes, he's running away to start his own hedge fund, this "Glasnost" whatever. Philippe wants to be open and transparent and all liquid - personally, I'm saying/writing. Forget about the hedge fund (

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-19151497625938192482012-01-26T12:17:00.003Z2012-01-26T12:25:42.783Z2012-01-26T12:25:42.783Z

Yesterday. Just decided. Just like that. 'Oh, what shall we do today? I know, let's fine Einhorn £7.2 million. We need some new carpets.' Absolutely outrageous!'On 9 June 2009, Einhorn was a party to a telephone conference in which it was disclosed to him by a corporate broker acting on behalf of Punch Taverns Plc that Punch was at an advanced stage of the process towards a significant equity

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-36557190294447269772012-01-25T17:13:00.001Z2012-01-25T17:16:22.865Z2012-01-25T17:16:22.865Z

And he's just resigned from Fortress Investment Group, where he was the chief executive - of all things! Bloody hell! I'm trying to concentrate on writing about finance here while dealing with all kinds of nonsense. There are literally morons shouting in the street outside my window. There is a cat screeching. (Do cats screech? Maybe it's howling.) Not my cat, thank God. I hate cats. However, I

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-74543018109498308492012-01-25T11:25:00.003Z2012-01-25T11:34:08.916Z2012-01-25T11:34:08.916Z

Well, he phoned me. I'm not saying he called my name. I'm not saying I heard my name on the wind all the way from New York. That would be fucking ridiculous and I'm surprised you fell for it. Do you believe everything I tell you?No, he phoned me, late last night, out of the blue. This is what was spoken between us: 'Mikey, how you doing, boy? (What do you want, Lloyd? Who have I got to hit now?)

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-81565627039960357582012-01-23T13:35:00.006Z2012-01-24T07:25:32.678Z2012-01-24T07:25:32.678Z

And I have to agree with him. Iain Stewart is the manager of Newton Investment Management's Newton Real Return fund, by the way. I only wish I had enough money to buy gold. I'm investing in the next best thing: baked beans. I have fifty tins now. I reckon that when Western civilization collapses I'll be able to trade these beans in for fifty houses. Not that I'll need fifty houses. I'll only need

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-14502756547892058092012-01-20T17:50:00.004Z2012-01-20T20:20:59.415Z2012-01-20T20:20:59.415Z

There's no subject, and no pain. 'What?!' Oh, I wish! And no fears, and no troubles, ha, really, nothing to worry about? In my dreams! I'm trapped, a prisoner, a monkey, a fly. I'm stuck, a fly with intelligence, in jam, almost as bad as the ones I despise, those flies without intelligence. The jam of cold reality, it is. I can't escape my consciousness, can I? And my consciousness can't escape

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-58625429617657808682012-01-19T12:15:00.001Z2012-01-19T12:18:13.024Z2012-01-19T12:18:13.024Z

Anyone else? Yes. Spyridion Adondakis, Jesse Tortora, and Sandeep Goyal. All charged yesterday in America. They've been accused of insider trading. I don't know all the details. I don't have an intern, so what do you expect? The truth is, I'm not interested in all the details. I have problems in my life that I'm trying to deal with, and you want me to focus my attention on some guys I've never

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-12757053170834765992012-01-18T16:04:00.003Z2012-01-18T19:16:06.287Z2012-01-18T19:16:06.287Z

It's a smart move. I think dealing with all those cold earth wanderers at Man Group has worn him out. They don't have a mystical bone in their body(s?), while my dear friend Noam has loads. He's well out of it! He's moved to a non-executive role, whatever that means. [It means he's now chairman of the company's interest in the US - my intern.] I don't have an intern! Apologies for that. Which

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-55649554937619237622012-01-18T10:56:00.003Z2012-01-18T11:02:08.997Z2012-01-18T11:02:08.997Z

There's always some - why wasn't I told sooner? Actually, why wasn't I told full stop? [I need a new intern.] Oh, it doesn't matter, I suppose. Those poor souls over at Bloomberg have all the details. It's a new hedge fund. (Surprise, surprise.) Based in Chicago, of all places. It's called Anchor Bolt Capital, of all things. (As you might have guessed, or maybe you saw the title of this post, or

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-63801734918657252042012-01-17T10:49:00.003Z2012-01-17T13:57:32.038Z2012-01-17T13:57:32.038Z

(Well, he would.) And that's all I know about him. I'm afraid Paul Moghtader is a bit of a mystery man. Well, I know a little more. Just a little. I know he's managing the Lazard Global Controlled Volatility fund with this Susanne Willumsen bird. But that's it. I honestly do not know anything else about him. And do you know what? I'm not even sure I want to know anything else or ... more. I'll

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-41663582605173330412012-01-16T10:05:00.003Z2012-01-16T10:17:22.066Z2012-01-16T10:17:22.066Z

Well, I guess it must be. Why am I always the last one to know about these things? I bet Jamie Augustine knew. (Yes, Jamie knew!) So why didn't he tell me? And I thought he was a friend.Hang on. Who the freakin' hell is John Carson? It says here (in some utterly absurd news report) that Carson will become president of Raymond James Financial and head of fixed income. What in the name of all that

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-24677767540509787122012-01-13T14:51:00.007Z2012-01-13T15:31:43.787Z2012-01-13T15:31:43.787Z

What the hell is going on with this guy? William Tung says he's closing his Avesta Capital Advisors to return to Moore Capital, but (get this, un-fucking-believable) he may reopen Avesta at some point in the future - if he feels like it, if he decides to run away from Moore again, that is. What a character! Jesus Christ! If I were Louis Bacon, I would say to Tung: 'Listen, kid, it's nice to have

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-4763920743214634392012-01-12T14:59:00.001Z2012-01-12T15:19:13.054Z2012-01-12T15:19:13.054Z

And there's nothing we can do about it. (Well, if I had the energy or the enthusiasm ...) Why Mr Borish?! I, there ... may be a slim chance that Paul Touradji knows what he is doing[?]! He's a veteran of the desert, after all. (And he remembers, obviously.) This Peter Borish used to be head of research at Tudor Investment Corp.[.] Oh, some time ago. I don't know when. I, not ... much of a

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-91750772191130249992012-01-11T15:34:00.002Z2012-01-11T15:36:48.579Z2012-01-11T15:36:48.579Z

It seems - yes, it does - there's always some c**t founding some hedge fund somewhere, but the good news is that Thierry Lucas is a delightful character. So it's something to celebrate, ain't it? Yes! No, I'm only joking. Yes! I genuinely like all hedgies, and their hedge funds. What's not to like? Hedge funds make the world go round, and round, and round - until we feel sick and want to get off.

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-66655080396262768372012-01-11T11:31:00.003Z2012-01-11T13:51:31.617Z2012-01-11T13:51:31.617Z

I can hardly write/type it, is ... well, Barings, Baring Asset Management, wants to merge it with Andrew Cole's Multi Asset fund. They're obsessed with generating consistent and positive absolute returns! So, Colin will only have the Global Bond trust to keep him occupied - not even that, really - if it all goes ahead. Oh, I'm not sure I like this. You don't mess with a man's funds!Now Colin's in

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-80516316081399163332012-01-10T11:44:00.000Z2012-01-10T11:47:54.326Z2012-01-10T11:47:54.326Z

Yes, millions of dollars. Billions, maybe. Millions, probably. And I'm not the greedy type. But I want some. I deserve some millions and billions, don't I? Well, millions, anyway. After all the work I've done? Of course I do! Zwaanstra's had enough of Penta Investment Advisers. It's too much hassle. He wants to take it easy at his time of life, so he's calling it a day. Obviously, Penta won't

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-78173370075751577142012-01-09T10:31:00.001Z2012-01-09T10:33:37.470Z2012-01-09T10:33:37.470Z

Sometimes, I think they take it too far. They want me to believe that "Chandler Blockage" works at SAC Capital Advisors. They want me to believe he's a trader, and Steve Cohen's protege - of all things. Ha! They must think I'm really stupid.There's no "Chandler Blockage". It's not possible because anything ... What sort of world would it be if a man like "Chandler Blockage" existed? It would be a

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-30688453720382860192012-01-06T14:55:00.002Z2012-01-06T14:59:03.242Z2012-01-06T14:59:03.242Z

I don't know all the details. The few details I do know, I don't really understand. And I haven't got the energy to investigate further. I need a new intern, definitely. Not that I had an old one. Oh, I tell so many lies, and yet I'm the most truthful person I know. Like Bacon said: lies that are truer than the literal truth. Or was it Van Gogh? Who cares?! But about Albert. Apparently, he's

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-75860767555306748662012-01-05T20:55:00.003Z2012-01-06T00:20:29.864Z2012-01-06T00:20:29.864Z

Off the top of my head? Out of the blue? Whatever. Call it whatever you want. Any way you want to have it, baby. All I know is that the news has been fucking pathetic this last week or so. What am I supposed to write about, eh? Fucking journalists. You would think they would have a bit of self-respect. If I did my job like that, well, it doesn't bear thinking about. Imagine the chakras! And my

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-44656711407909538002012-01-05T11:35:00.002Z2012-01-05T12:05:36.037Z2012-01-05T12:05:36.037Z

What's all the fuss about? We all shine on, like the moon, and the stars, and the sun. That should be enough for everyone, but no! Some people want to buy ridiculously cheap dollars, and then other people, total bastards, want to complain about it like it’s got anything to do with them. Can you understand it, any of it?Kashya Hildebrand is in trouble now. So is her husband, Philipp. He's the

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-919787001046648232012-01-04T11:57:00.004Z2012-01-04T15:02:38.924Z2012-01-04T15:02:38.924Z

For man also knoweth not his time, as the fishes that are taken in an evil net, and as the birds that are caught in the snare; so are the sons of men snared in an evil time, when it falleth suddenly upon them. - EcclesiastesWhich men? Oh, Bryan and John. And forever? Surely not! And is the situation so serious that I need a quote from the Bible? Maybe.It is my sad duty to report - is it, really?

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-36153571353130593052012-01-03T15:03:00.002Z2012-01-03T17:38:09.084Z2012-01-03T17:38:09.084Z

I'm watching Casablanca at the moment. Has there ever been a greater model for manhood than Rick Blaine?Tough, self-sufficient, cynical, romantic, likes a drink. I could go on. That's who I want to be when I grow up!_________________________I bought a DVD of Dracula last week - the 1979 one, starring Frank Langella as Dracula and Laurence Olivier as Van Helsing. A very good film. But I've started

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-62715763318268871272012-01-03T10:43:00.004Z2012-01-03T11:42:25.882Z2012-01-03T11:42:25.882Z

No news is good news. That's what they say. But there'll be some along later (for the idiots who need it, who can't live without it, who can't even breathe, and can't think). Not that I care about the news. I don't care! I piss on the news and the people who report it. I'm a rebel! I'm an outlaw! But I have a feeling in my water that there will be some later. Just my vicious luck. I'm cursed.

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-41589879271245010652011-12-21T22:13:00.002Z2011-12-21T22:21:25.637Z2011-12-21T22:21:25.637Z

Round, and round, and round. Oh, pigs. We're fucking pigs. And this isn't the first time. It's like a curse. It's like a nightmare in a dream factory. But don't get upset. It's only a bit of fun. / I, I can be so close - I am so close - to salvation, if I choose. Oh, it seems but is not: impossible. We all can - we all are, I - if we choose. Let's choose! Have we the wills? You (we!) I, I, I ...

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.comtag:blogger.com,1999:blog-543055164764918954.post-36205332170394588412011-12-16T15:50:00.004Z2011-12-16T16:44:46.651Z2011-12-16T16:44:46.651Z

According to the FSA, that is.'The Financial Services Authority (FSA) has today banned and fined Jaspreet Singh Ahuja, a former client adviser at UBS AG (UBS), £150,000 for failing to act with integrity, in breach of Principle 1 of its Statements of Principles and Code of Conduct for Approved Persons ("APER") and for not being a fit and proper person. Ahuja is prohibited from performing any

Michael Fowkehttp://www.blogger.com/profile/01256575427122383710noreply@blogger.com