Thomas H. Lee Partners, Bain Capital and the Mays family score a major media coup . Now that hedge funds are monitoring the blogosphere for key memes against which to trade it only makes sense that the private equity firms should lend a hand by financing the new new consolidation of media. Since behavioral finance is the now dominant paradigm, and sentiment analysis now the rage, why not maximize by creating a perfect black box? You.  Read more 

Another good catch from S&M . With the looming invasion of Iran the markets are going to be devastating to the genral public.

Hedge funds can arrest the development of whole economies, and they have the potential to crash the financial system. It has almost happened before. In 1998 the Fed persuaded the “Fourteen Families” (an apposite Mafia reference) of Wall Street - the major banks - to cough up money for a $3.6bn bailout for Long-Term Capital Management, a hedge fund whose bets went wrong. The Fed said at the time that LTCM’s failure had been abrupt and disorderly and had posed “unacceptable risks to the American economy”.  Read more