The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
Hedge fund investments have long been considered a lucrative yet complex avenue for investors seeking high returns. With their diverse range of strategies and often sophisticated approaches to generating profits, hedge funds present unique challenges and opportunities for those looking to maximize their investment returns.
the staff of the Ridgewood blog
Paramus NJ, it was a difficult week for financier Anthony Scaramucci, first an SUV owned by the former White House communications director was stolen from outside a Ridgewood Avenue residence in Paramus on Sunday. According to police Scaramucci forgot to lock the car.
the staff of the Ridgewood blog
Newark NJ. an investment fund manager today admitted orchestrating a $100 million securities fraud scheme, Acting U.S. Attorney Rachael A. Honig announced.
Continue reading Hedge Fund Manager Admits Orchestrating a $100 million Securities Fraud Scheme
Plan would mark return to finance for embattled former MF Global CEO
By JULIE STEINBERG and ROB COPELAND
April 19, 2015 7:05 p.m. ET
182 COMMENTS
Jon S. Corzine, the embattled former MF Global Holdings Ltd. chief executive and ex-chairman of Goldman Sachs Group Inc., has discussed plans to start his own hedge fund in recent months, according to people familiar with the matter.
The fund would start with cash from Mr. Corzine’s personal wealth and a handful of outside investors. Mr. Corzine said he had been speaking with about a half-dozen potential investors, and projected around $150 million in assets under management, one of the people said.
The plans are tentative and could evolve or fall apart in coming months. But a launch would mark an unlikely return to high finance for Mr. Corzine, the 68-year-old former Democratic U.S. senator and New Jersey governor who has stayed out of the limelight since commodities brokerage MF Global declared bankruptcy in 2011.
https://www.wsj.com/articles/jon-corzine-considers-launching-hedge-fund-1429484718
