Over the weekend, there has been some consternation over the report that the CEOs of the 6 largest US banks: Just who is this trading wunderkind? WSJ's Greg Zuckerman explains:. The wager was an enormous winner. The trade was detailed in an earlier Wall Street Journal story. That amount represented about a quarter of the money the firm managed when the investments were made. The bet paid off. Levin and Och-Ziff aren't the only boldfaced investors who scored large gains last year buying investments such as residential mortgage-backed securities and collateralized loan obligations, among others, many of which were crunched in the financial crisis. The prices of these instruments rallied in amid the U. Seth Klarman's Baupost Capital, Jeffrey Gundlach's DoubleLine Capital LP and Greg Lippmann's LibreMax Capital LLC are among those who saw hefty returns in Dozens of smaller hedge funds also racked up sizable gains, as did SkyBridge Capital, which invests in various funds. In some ways, Mr. Levin's strategy was riskier than some rivals' because he did less hedging, or protecting against the downside, than options others, according to people close to the matter. Levin's team was an especially big buyer of investments tied to residential and commercial mortgage-backed securities, traders say. Levin, 31, who goes fund Jimmy and is described as outgoing and thoughtful, works closely with David Windreich, Och-Ziff's head of U. Levin first got to know Mr. Och when he taught Mr. Och's son to water ski at summer camp several years ago, before Mr. Levin completed a degree in computer science at Harvard University. Och helped him find his first job at Sagamore Hill Capital Management, according to someone familiar with the matter. After a stint as an analyst in the distressed debt and statistical-arbitrage group at Dune Capital, Mr. Levin joined New York-based Och-Ziff in Still, we are confident young Jimmy will be more than happy to collect what amounts to over 2, median annual salaries. He, like many others, makes money collecting the crumbs that fall off the big-big cake that the Fed has placed on the table for the grown ups to feast on! You, like many others, at least can get to see the cake an be graced by the presence of grown ups. You know what Taleb would say about traders that place large bets and win on Wall St. If not, you should read "Fooled by Randomness" and "The Black Swan. They drift into jobs as bar-tenders, or central bankers. There will always be stories about some guy that got LUCKY. NEVER confuse LUCK with TALENT. I really want to see an annual report on this guy that places over-sized bets. Lets see what his track record will be over the next 10 to 20 years. Isn't this the reason everybody loves America, where everything is possible and one's dreams can come true? The only reason this guy has enough capital to pay with to make these returns is because his creditors know that the FED will bail them out if this hedge fund blows up. That was fund bailout of LTCM created. This guys captial and returns are backed by us tax payers, but we only participate on the downside and get nothing of the upside. Oops, some bad reporting of my own. The year of the trade returns was not Notwithstanding, still hard to see how it could have been one of the best trades on Wall St. Was it the largest amount of money returned? Possibly, but that's more a function of access to massive capital and leverage than it is of picking the right investment. Regardless of your math, you're forgeting to risk-adjust the returns for apples-to-apples comparisons. From their Wikipedia article: He sounds like fun. I like him already. I think I saw him at Caesar's Palace He is a gambler and he got really lucky once or he has inside information. So check back in 5 years. If he continues to strike it big, he is just another filthy criminal. If he is legit, the returns will return to historical norm. He made bank on these "investments" selling them to Bernanke's Fed at a premium? Money out of thin air to hedge the sludge these guys kicked onto the Fed's books via QE"X", a portion of which is then transferred to the individual for facilitating the trade. One day, this will be looked back at as complete insanity. Today's FD is tomorrow's FATH, so you might expect a foward-thinking individual to say 'BTFATH,' non? Hi ORI, I'm not friends with many web developers. I know a great web developer - he's a JS expert. Don't know if he is a 'node. I'm not particularly the best resource for JS inquiries, as I options one of those [real] engineers who look down on JavaScript for being the hacked-together toy language it is with many security issues. Holding such contempt for this hack of a front-end language that many a career and company fb, googs, all yer favorite trader 2. Most sites which depend on JS are rubbish. If you're options to hear the case for the defense, though, Douglas Crockford's "JavaScript: The Good Parts" is a good read. And the saddest thought of all is that these dimwits that are riding this tech bubble 2. Otherwise we wouldn't have any brilliant computer scientists pushing paper around. We're living in a fucking utopia! Back in the day only rock stars could get money for nuthin and chicks for free. I am much more outraged at the combined CEOs who did NOT earn it, they each head companies of tens of thousands or hundreds of thousands of employees who ALL worked fund any positive results. Really what he did was find a way to dip his bucket into the river of money flowing out of the fed. He really is stealing public money. So are the CEOs. CEO pay in the US is a cultural thing. It is not based on reality. Look at CEO's in Japan. S Korea or China. They simply get paid way less yet they are resposable for more output then these hedge. But yeah, I respect this guy more then these tech bubble 2. This is great news. I still have a couple more years to prove social mobility still exists and become an equal to Mr. Levin, give or take a few million of course. Here's our Cookie Policy. How to report offensive comments. Home Contributors Newsletter Donate More Store ZH-TShirt Glossary Archive Manifesto RSS. Clinton Crew Dripping In Russian Entanglements While Deep State Rolls Snake Eyes On Trump by ZeroPointNow - Jun 15, 8: Billionaires Buy Gold by GoldCore - Jun 15, 6: Apr 13, 1: WSJ's Greg Zuckerman explains: Och-Ziff Collateralized Loan Obligations Wall Street Journal BAC. Printer-friendly version Apr 13, 1: Comment fund options Flat trader - collapsed Flat list - expanded Threaded list - collapsed Threaded list - expanded. Date - newest first Date - oldest first. Select your preferred way to display the comments and click "Save settings" to activate your changes. SafelyGraze fonzannoon Apr 13, 1: Caviar Emptor SafelyGraze Apr 13, 1: Ray Caviar Emptor Apr 13, 2: I'm sure his personal tax accountant is picking up a few of his crumbs. Say What Again ml8ml8 Apr 13, 3: Manthong Say What Again Apr 13, 4: How much did Justin Bieber make last year, btw? CheapBastard zaphod Apr 14, Ok, I now see where that recovery is Barry and Trader talked about. Au contraire mon ami. We get great leaders in DC! PT Manthong Apr 13, 5: The six bankers are just better at hiding what they really make Marco Say What Again Apr 13, 6: OpenThePodBayDoorHAL ml8ml8 Apr 13, 3: Wall St massively underperformed the index. Excursionist ml8ml8 Apr 13, 4: SafelyGraze Apr 13, 2: Groundhog Day SafelyGraze Apr 13, 2: Never One Roach Groundhog Day Apr 13, 2: Wahooo SafelyGraze Apr 13, 3: Bangin7GramRocks fonzannoon Apr 13, 2: SteveNYC fonzannoon Apr 13, 5: FuzzyDunlop21 Apr 13, 1: Rubbish FuzzyDunlop21 Apr 13, 1: And tell everyone you know. Let's get ready to rumble this week. Skateboarder FuzzyDunlop21 Apr 13, 1: Yeah, I'll bet on seven billion clownbux too. Will they throw a party for me? Oh regional Indian Skateboarder Apr 13, 2: Hey SB, know any node. Skateboarder Oh regional Indian Apr 13, 4: He's not cheap trader quality stuff. StandardDeviant Skateboarder Apr 14, 2: Arius Apr 13, 1: Snoopy the Economist goldhedge Apr 13, 1: Spitzer Snoopy the Economist Apr 13, 1: He deserves some credit though. His monkey and dart board rules. Caviar Emptor Spitzer Apr 13, 2: Only the kewl kidz need apply! The Federal Reserve hedge last 5 years has been transferring wealth from savers to Wall Street. Best thing to do is borrow all you can, buy a asset without a title and then default now. You have the asset and they have nothing except the non-performing loan. FoodStampPrez Apr 13, 1: RafterManFMJ Apr 13, 1: I salute him and appreciate the tools, toys, and medical advances he and his ilk provide. Truly, these are the best - the best of times. Caviar Emptor RafterManFMJ Apr 13, 2: I Write Code Apr 13, 1: But the thing is, Jimmy earned it, after a fashion, he and his little team. Spitzer I Write Code Apr 13, 2: Expropriate their script, socialism, and demand your "share" from Mr. I am assuming that he "didn't build that. Create new account Request new password. To prevent automated spam submissions leave this field empty. Zero Hedge Reads Acting Man Alt-Market Benzinga Boom Bust Blog Capitalist Exploits China Financial Markets Options Martenson's Blog Contrary Investor Daneric's Elliott Waves Dr. New Comments 2: The Pentagon was hit because sinbad2. That's why technical analysis Erwin Why are you even on ZH? You are a one-man malcolmevans. Can we just put up a quadraspleen. I bought Bit coin with Silver Savior. If you haven't watched the HRH Feant2. How to report offensive comments Notice on Racial Discrimination. RanSquawk News 2: Additional EU equity stories post the release of the Daily European Nikkei closes up by 0. China is to increase incentives for green finance and is mulling DAILY EUROPEAN OPENING NEWS: BoJ kept rates unchanged at DAILY EUROPEAN EQUITY OPENING NEWS: Nestle NESN VX are reportedly Asia traded mixed as the region partially PRE-MARKET INDIAN STOCK NEWS: Warburg Pincus - Co. ON Semiconductor initiated with an Outperform at Raymond James. Xilinx resumed with a Market Perform at Raymond James. Texas Instruments resumed with a Market Perform at Raymond James. Skyworks resumed with an Outperform at Raymond James. Qorvo initiated with an Outperform at Raymond James. Nvidia resumed with an Outperform at Raymond James. Microsemi initiated with a Market Perform at Raymond James. Microchip initiated with an Outperform at Raymond James. Cantor Fitzgerald Starts Shire SHPG at Overweight. HOS FNSR HZNP Higher; BAH Lower more BOJ set to hold policy steady, signal confidence in economy. Cantor Fitzgerald Hedge Zoetis Inc. Highpower International HPJ Appoints Leo Liao Chief Technology Officer Among Other Management Changes. Bitcoin drops to three-week low on profit taking. Lands' End LE CEO Buys 10K Shares. Discrimination Notice Cookie Policy.
Hedge Fund Trader Strategies by Alpha Shark Trading
Hedge Fund Trader Strategies by Alpha Shark Trading
NFL player Tom Brady adds superstar lawyer Ted Olson to his team to fight suspension.
Sinuses included.My advice to people, try it if you want and you might like it, but I still recommend brushing and flossing.
Namaste has a spiritual connotation used to recognize that we are all one.