One of the World's Most Successful Hedge Funds is Facing an Employee Rebellion Over Donald Trump
- Thread starter RRY16
- Start date
That's quite the threat at the end of the article. That guy sounds like a great team player lol.
James Simons supported HRC, Robert Mercer DJT so they have all the bases covered no matter who is in WH. Its typical for large financial institutions eg GS, CEO Lloyd Blankfein supported HRC, then COO Gary Cohn DJT. Bigger the institution more likely to have diversity of opinion but it's also called "cover your ass".
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did you read the article?
Yes. David Magerman is very unhappy with Robert Mercer. One of DJT's campaign promises were to get rid of carried interest tax rate for MLPs IE Hedge Funds.
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Mercer Family basically bankrolled The campaign, it's very different then GS or Blackrock giving to both Sides to CYA.
Magerman got the boot. http://dealbreaker.com/2017/02/robert-mercer-trump-rentec-insurrection/
Anyhow bringing political drivel and discourse into a business is unprofessional and bad for employe ambience inside the company.
Anyhow bringing political drivel and discourse into a business is unprofessional and bad for employe ambience inside the company.
What does this mean?
"He said he was thinking about reaching out to Democratic Sen. Elizabeth Warren (D., Mass.) to craft proposals to reduce speculative trading, which presumably would curtail Renaissance’s profits."
Its clearly the juicy part with regards to trading. Isn't all trading speculative? Perhaps if they mentioned something about HFT's, or something about spoofing, this I would understand, but speculative trading to me just means speculating about the future price, which is what everyone does.
"He said he was thinking about reaching out to Democratic Sen. Elizabeth Warren (D., Mass.) to craft proposals to reduce speculative trading, which presumably would curtail Renaissance’s profits."
Its clearly the juicy part with regards to trading. Isn't all trading speculative? Perhaps if they mentioned something about HFT's, or something about spoofing, this I would understand, but speculative trading to me just means speculating about the future price, which is what everyone does.
"Mr. Magerman has one idea that would reduce the power of people like Mr. Mercer. He said he was thinking about reaching out to Democratic Sen. Elizabeth Warren (D., Mass.) to craft proposals to reduce speculative trading, which presumably would curtail Renaissance’s profits."
Isn't that going to put himself out of a job since he himself is working in speculative trading? LOL
Isn't that going to put himself out of a job since he himself is working in speculative trading? LOL