Category: Hedge Funds

$746 Million for Highest Paid CEO

We have a winner. Top CEO Payday of 2011 was $746,186,123 according to a review of The Blackstone Group’s annual report. Until 2011, Stephen Schwartzmann had hit a dry spell. It had been two years since he last earned more…

Fletcher Hedge Fund Flim-Flam Goes Bust

A hedge fund company called Fletcher International Ltd. is suing to stop three Louisiana pension funds from dismantling it during bankruptcy, selling off its questionable assets. If you are not an investor, you see it coming a mile away. Investors…

$40 Million Home Sets Record

Venerable American retailer Sears has hit tough times, closing 100 to 120 stores to save costs. The hedge fund manager who took over the company, chairman Edward Lampert,  is selling 1,200 stores to help ease the cash strain. In other…

Schwarzman Keeps Personal Fortune Secret

Called by The Wall Street Journal “one of Wall Street’s most prominent dealmakers,” Steven Schwarzman is worth about $4.7 billion according to Forbes, which ranks him as the 66th richest American. Despite national publications which already write about his vast…

Three Carlyle Founders Earn $413 Million

The three founders of one of the first, and still most respected, private-equity firms reaped the fruits of their labor last year when the earned more then $400 million between them. The Carlyle Group, based in Washington, D.C., made a…