Hedge funder sues his lawyer from jail over a ‘rushed’ home sale
Plus: UBS swims against the current toward hedge funds, the dismal history of earnings forecasts, and how not to say goodbye in an email
- For convicted hedge fund fraudster, Michael Balboa, the ultimate salt in the wound was having to sell his home under pressure to pay his legal fees. Now he’s suing his lawyer from jail. Maybe Mr. Balboa will think twice the next time he gets an urge to inflate the value of Nigerian bonds.
- If the world’s largest wealth manager is upping its allocation to hedge funds, shouldn’t we all be doing the exact same thing? UBS zigs while everyone else is zagging.
- The long, sad history of cutting earnings forecasts. It happens all the time, but 2016 stands out for being particularly bad.
- According to somebody who spent a lot of time studying this, the best way to end an email is with the word ‘best.’ And there are 27 ways you shouldn’t end an email. Surprisingly, signing an email ‘xoxo’ is inappropriate because of the hugs, not the kisses.
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