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Copyrighted Material Index Ackman, Bill, 127, 146, 150, 174, 200 Bailout, 187 Adidas-Salomon AG, 101 Bain Capital, 150 AIG, 6, 181, 187, 201 Balyasny, Dmitry, 93 AIG-FP, 187 Banc of America Securities Annual Ainslie, Lee, 33 Investment Conference, 74 Alpha, 90 Bank holding companies, 142 Al Quaeda, 78 Bank of America, 74, 142, 181 Amaranth, 14, 132–133 Banks, 141, 142, 187 Anderson, Dwight, 33, 85 Barakett, Tim, 93 Andor Capital, 85 Barber, Andrew, 169, 204 Andrew Carnegie (Nasaw), 149 Barclays Plc, 142 AOL Time Warner, 75 Basel Committee on Banking Apollo Advisors, 127, 129 Supervision, 128 Archipelago Holdings, 14 Basel II, 128 Arnold, John, 92, 133 Basis points, 88 Asia, 161 Baupost Group, 93 Asset AllocationCOPYRIGHTED Model Portfolio, 194 Bear market, MATERIAL 173 Asset-backed instruments, 119 Bears, 190 Asset-backed securities, 142 Bear Stearns, 85, 86, 128, 141, 142, Asset Management, 142 170, 173 AT&T, 75 Bear Stearns Asset Management A.W. Jones & Company, 132 (BSAM), 143, 151 Benton, Dan, 48, 58, 59, 64, 85 Babson, Roger, 149, 175 Bernanke, Ben, 181 Bailey, John, 14 “Bips,” 88 209 bbindex.inddindex.indd 220909 111/17/091/17/09 99:36:04:36:04 AAMM index Black, Leon, 127 Chess King, 32 BlackRock, 145 China, 86, 95, 109 Blackstone Group, 13, 127, 144, 145, 151 Chuck E. Cheese, 204 Black Week, 182, 188 Citadel Investment Group, 11, 92, Blake, Rich, 5 102, 119 Blogging, 159–164, 180, 181, 189–190 Clarium Capital Management, 92, 190 Blue Ridge Capital, 33 Clark, Tanya, 148 Blue Wave, 1, 144, 155, 177 Client letters, 202 Blum, Michael, 26, 76, 106, 111, 165 Clients, 172, 202 Boesky, Ivan, 59 Clinton, Bill, 146 Bombardier, 19 “Closet indexers,” 82 Bond ownership, 6 Closing prices, 68, 176 Bonuses, 130 Coach, 133–134, 150 Brazil, 161 Cohen, Steven A., 35, 48, 90, 91, 131 Bre-X Minerals Ltd., 87, 94 Coleman, Chase, 85 Briger, Peter, 145 Collateralized debt obligations Broadcast.com, 94 (CDOs), 119 Brokerages, 141 Comcowich, Kevin “Comco,” 66, 69, 77 Broker-dealers, 128 Commodities, 161 Brooks, Garth, 38 Compensation, 130 Buffett, Warren, 37 Conglomerates, 131 “Bulge Bracket” investment banks, Consolidated Supervised Entity 141–142 program, 128 “Bunker Down” plays, 78 Consumer spending, 170–171 Bush Administration, 181 Convexity Capital, 102 Buyouts, 128–129 Cooperman, Leon, 35, 91, 156 COOs, 68, 69 Caesars Entertainment, 87 Copper, 86 Cantillon Capital Management, 92 Cracker Barrel, 113 “Cap Intro,” 105 Cramer, Jim, 173 Capital Markets, 142 Crash of 2008, 173–175, 182–184, 187, Carlyle-Blue Wave Partners, 1, 12–15, 188, 190 144, 146 Credit derivative, 142 Carlyle Capital Corporation, 177–178 Credit Suisse, 106–107, 110, 111 Carlyle Credit Corporation (CCC), 151 Credit Suisse First Boston, 1, 32, 42–49, Carlyle Group, 1, 12, 13, 143, 144, 51–56, 63, 65, 66, 71, 86 153, 177 Credit Suisse Group, 43 Carlyle Multi-Strategy Partners, 144 Cuban, Mark, 93 Carnival, 203–204 Currencies, 161 Case-Shiller index, 188 Cuskley, Terry, 49 Catterton Partners, 150 Centaurus Energy, 92, 133 Dawson, Jon, 1, 35, 57–59, 63–65, 67, 68, CEOs, 49, 50, 70, 72 70, 72–74, 76, 84–87, 89, 94, 99–100 CEO salaries, 130 Dawson-Giammalva Capital Cerebus, 127 Management, 63, 66, 89 CFOs, 49, 68–70 Dawson-Henry Capital Management, 57 Chanos, Jim, 93 Dawson-Herman Capital Management, 89 210 bbindex.inddindex.indd 221010 111/17/091/17/09 99:36:04:36:04 AAMM Index Dawson-Samberg Capital Management, Faillace, Anthony, 93 57, 58, 63 Falcone, Phil, 93 DB Absolute Return Strategies, 143 Falconhenge Partners LLC, 12, 103–104, DB Advisors Capital Management, 143 109, 113, 118–121, 165 Dear Client letters, 162–163 Fannie Mae, 179, 180, 201 Den of Thieves (Stewart), 59 Federal Reserve, 142, 152 Depository Trust & Clearing Corporation Feinberg, Stephen, 127 (DTCC), 110, 111 Ferraro, Tom, 43–45, 47, 49, 50, 65, 106, “Depressionistas,” 188, 189, 191, 195 108, 111 Deutsche Asset Management Fidelity, 34, 48 (DeAM), 143 Fielding, Elodie, 34 Deutsche Bank, 12, 43, 143, 178 Financial bubble, 94 Deutsche Morgan Grenfell, 43 Financial Services Modernization Act of DiMaggio, Joe, 146 1999, 127 Dispigna, Danny “the Dirty Dog,” 34 Financial system, 179 Dodd, Chris, 181 First Boston Corporation, 32 Donaldson Lufkin and Jenrette, 32 Fishman, Steve, 90 Dot.com bubble, 94 Fitch, 153 Dot.com era, 42 Fortress Investment Group, 12, 127, Dougan, Brady, 44, 56 144, 145 Dow Jones Industrial Average, 142, 152, Four Seasons Hotel, 119, 135–136, 144 181, 182 Frankfort, Lewis, 133 Drawbridge Global Macro Funds, 145 Freddie Mac, 179, 180, 201 Drawbridge Special Opportunities Freeport-McMoRan Copper & Gold, 109 Funds, 145 Fuld, Dick, 92 Drucker, Peter, 121 Funds of funds (FOFs), 111–113 Early Look, 177 Gandhi, Mohandas, 182, 183 eBay, 92 Gates, Bill, 100, 144 Economic storm clouds, 149 George, Zachary R., 90 Edens, Wesley, 145 Giammalva, Tony, 58, 77 E.F. Hutton, 32 Giroux, Ray 27, 37 Einhorn, David, 92, 93 Glass-Steagall Act of 1933, 128 Employee Benefi t Research Institute, 6 Glenwood Capital Partners, 11 Englander, Israel “Izzy,” 59 Global consumer spending boom, 135 Englander’s Millenium, 89 Global Crossing, 75 Enron collapse, 78, 92 Gold, Dan, 143 Equity salesman, 45, 47 Goldman Sachs, 58, 91, 107, 128, 141 Equity sales trader, 45, 47, 48 Goldman Sachs Asset Management Esslinger, Hartmut, 166 (GSAM), 143 Eton Park Capital Management, 92 Goldsmith, Rick, 12, 13, 143, 144, 154 Euronext Amsterdam stock exchange, Goldstein, Phillip, 93 151, 177 Goldthorpe, Bill “Goldie,” 20 Europe, 161 Go-private movement, 128 Government-Sponsored Enterprises Facciola, Tom, 85 (GSEs), 179 FactSet, 3 Gramm-Leach-Bliley Act, 127 211 bbindex.inddindex.indd 221111 111/17/091/17/09 99:36:04:36:04 AAMM index Great Crash of 1929, 175 Icahn, Carl, 127 “Great Recession, The,” 194, 195 IGT, 75 Greaves, Magnus, 91 Initial public offerings (IPOs), 51, 53–54 Greenlight Capital Fund, 92 “Inside information,” 51 Gretzky, Wayne, 20, 73 “Institutional” money managers, 47 Griffi n, John, 33 Internet, 43 Griffi n, Ken, 92 “Investment banks,” 141, 142 Gross, Geoff, 64, 66, 68, 73, 74 “Investment brokerage houses,” 141 Gross, Michael, 127 Investment Company Institute, 6 I.S.I. Group, 148 Halpern, Jules, 118 Halvorsen, Andreas, 33, 64, 85 Jackson, Al, 49 Harmon, Timothy, 71 James, Chris, 85 Harrah’s, 87, 129 Janus, 34, 48 Harvard Management Company, 102 Japan, 161 Hedge fund clients, 107–108 Jones, Alfred Winslow, 132 Hedge fund industry, 143, 156, 162, Jones, Daryl, 64, 66, 73, 74, 76, 155, 169 201–202 Jones, Paul Tudor, 35, 86, 93 Hedge fund industry bubble, 16, 130, Jordan, Michael, 195 131, 156 Jordan, Todd, 169, 203–204 Hedge fund industry, coming out J.P. Morgan, 142 party of, 89 JPMorgan Chase, 170–178 Hedge fund industry contraction, 5–6 Hedge Fund Intelligence (HFI), 5, Kauffman, Robert, 145 201–202 Keating, Charles, 54 Hedge fund managers, 91–94, 95, 118, Keller, Steve, 43–47, 50, 65 130, 187, 200 Kinesic interview techniques, 95 Hedge fund managers, compensation KKR, 127 of, 130–132 Klarman, Seth, 93 HedgeFund.net, 5 Knight, Phil, 87, 136 Hedge fund numbers grow, 132 Kozlowski, Dennis, 82–83 Hedge Fund Research, 5–6 Krugman, Paul, 188 Hedge funds, 48 Kudlow, Larry, 171 Hedge funds, awareness of, 35 Hennessee Group, 131 LaBranche & Co., 178 Henry, Clifford W., 57 Ladouceur, Rick, 22, 23 Herman, Russell, 59, 64–68, 72, 73, 78, Laferriere, Rob “Laffer,” 33 84, 86, 87, 94, 126, 133 Laffer, Arthur, 171 Hess, Erik, 148 Laidley, Wendell, 46 Hockey playing in Canada and at Yale, Lampert, Ed, 200 20–27, 37–38 Larguay, George, 74, 76 Hong Kong, 161 Laser, Ross, 11, 12, 119, 125 Hopper, Grace, 191 Laws of Delaware, 105 Housing bubble, 149 Lazard Asset Management, 92 Hunter, Brian, 14, 133 Lefevre, Edwin, 195 Hwang, Bill, 85 Lehman Brothers, 41–42, 71, 128, 141, Hyman, Ed, 148 142, 152, 174, 201 212 bbindex.inddindex.indd 221212 111/17/091/17/09 99:36:05:36:05 AAMM Index Lerner, Reid, 26, 44 McCullough, Laura (wife), 103, 125, Letourneau, Ray “Razor,” 31, 33 155, 166 Leverage, 133 McCullough, Ryan (brother), 89, 106, Levitt, Arthur, 69 151–152, 165 Lightfoot, Gordon, 89 McCullough, Viviane (mother), 20 Limited Liability Company (LLC), 105 McCullough Capital Management, 160 Limited Partnerships (LPs), 105 McDonald’s, 87 Lincoln Savings & Loan, 54 McGillis, Dan, 23 Litowitz, Alec, 11, 102, 119, 125–126, 134 McGough, Brian, 87, 167, 168 Livermore, Jesse, 195 MCM Macro, 3, 4, 160 Lock up assets, 202 Meeker, Mary, 43 Loeb, Dan 93 MEGA Squeeze, 191 Lone Pine Capital, 33 Mehta, Hamesh, 148 Long/short equity strategy, 84 Merger arbitrage, 119 Long Term Capital Management, 35, 36 Meriwether, John, 35 Long-term portfolio, 199 Merrill Lynch, 47, 128, 141, 142, 170, 181 Loomis, Carol, 131–132 Merton, Robert, 35 Lowe, Rob, 20 Meyer, Jack, 102 LTV, 131 MGM casino stock, 129 MGM Grand, 75 MacLean, Mac, 24, 25 MGM Mirage, 75, 87 Macro research, 4, 77 Midway Games, 71 Madoff, Bernie, 5, 6 Midway Home Entertainment, 71 Magnant, Francois “Frenchy,” 44 Mindich, Eric, 91 Magnetar Capital, 1, 11–12, 102, 119–121, Mining stocks, 108–109 125, 127, 132–134, 145, 146 Mission statement, 112 Magnetar’s multi-strategy offering, 127 Momentum stocks, 134 Magnetars, 117 Money managers, 198 Mahoney, John, 84 Montgomery Securities, 74 Making of an American Capitalist, The Morgan Stanley, 43, 87, 107, 111, 119, (Buffett), 37 128, 141, 167, 190 Malisic, Mick, 166, 167, 168 Morning Call, 49, 197 Management fees, 69, 102, 156 Mubadala Development Company, 153 Management meetings, 81 “Mucker,” 22, 43 Management team sit-downs, “Multi Strategy” hedge fund, 119 49–52, 70, 147 Mutual fund portfolio
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