Trump Teams With Avenue’s Lasry in Online Gaming Venture

Avenue Capital Management and Trump Entertainment Resorts have preemptively filed paperwork for an online gambling venture in the event such enterprises are legalized in the United States. (view story)


Pershing Square bets on Fortune Brands Home & Security

Pershing Square Capital Management is building a position in Fortune Brands Home & Security, a trade that founder Bill Ackman said will require at least a partial rebound in the housing market to pay off. (view story)

Leon Cooperman Shuns Treasuries, Favors Stocks

Omega Advisors Chairman Leon Cooperman told attendees at a conference that Treasuries are so overbought that in real terms investors who own them are effectively paying the U.S. government for the privilege of lending to it. (view story)

Peltz Warns State Street on Negative Shareholder Return, Urges Profit Plan

Trian Fund Management Founder Nelson Peltz is taking the board of State Street Corp. to the woodshed over lackluster results. (view story)

New Mexico fund to stick with Paulson for now

The New Mexico Public Employees Retirement Association plans to remain invested with Paulson & Co. despite recent performance hiccups, though embattled Diamondback Capital Management may not be so lucky. (view story)

Jim Chanos, Bill Gross, Understand Wall Street Protests

Kynikos Associates founder Jim Chanos and PIMCO’s Bill Gross expressed sympathy for the Occupy Wall Street movement even as Paulson & Co.’s John Paulson, a recent target of the protestors, took a less charitable view. (view story)

Paulson faces big test as clients mull future

John Paulson and his Paulson & Co. are the focus of intense speculation ahead of an upcoming investor  call and an Oct. 31 deadline for submitting redemption notices for several funds that have struggled this year. (view story)

‘No Evidence’ Rajaratnam Led Others in Crimes, Fund Manager’s Lawyers Say

Attorneys seeking to minimize the sentence for convicted Galleon Group co-founder Raj Rajaratnam disputed the prosecution’s argument that he should serve more time because he directed others in a criminal conspiracy. (view story)

Paulson loses more in September, fund now off 47 percent

Paulson & Co. reportedly had a rough September, as bets on an economic recovery didn’t pan out, leaving one of the firm’s large funds down nearyly 50% on the year. (view story)

Soros bid to quash insider trading conviction fails

George Soros was unsuccesful in his effort to overturn a 2002 criminal conviction for insider trading. (view story)