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Steve Eisman served as a fund manager for FrontPoint Partners from 2004 until 2011. [6] [7] In October 2010, it was announced that Morgan Stanley, while maintaining a minority position, had handed control back to the managers of the firm. [3] In November 2010, the firm was managing $7 billion. [4]
Steven Eisman (/ ˈ aɪ s m ə n / EYE-smən; born July 8, 1962) is an American businessman and investor known for having shorted collateralized debt obligations (CDOs), thereby profiting from the collapse of the US housing bubble in 2007–2008.
The coming years could be “massive” for this industry.
Steve Eisman, the investor known for predicting the financial crisis as depicted in "The Big Short," told Bloomberg TV the bond market will be hit the hardest in the next recession.
The book follows people who believed the housing bubble was going to burst—including Meredith Whitney, who predicted the demise of Citigroup and Bear Stearns; Steve Eisman, an outspoken hedge fund manager; Greg Lippmann, a Deutsche Bank trader; Eugene Xu, a quantitative analyst who created the first CDO market by matching buyers and sellers ...
Federal Reserve Chairman Jerome Powell has avoided announcing interest rate cuts in recent months despite a steady drop in U.S. inflation, and Steve Eisman, a senior portfolio manager at Neuberger ...
Wall Street veteran Steve Eisman of “The Big Short” fame notoriously called the cratering of the sub-prime mortgage market a decade ago, but he fails to see the point of cryptocurrencies.
In 2005, eccentric hedge fund manager Michael Burry discovers that the United States housing market, based on high-risk subprime loans, is extremely unstable.Anticipating the market's collapse in the second quarter of 2007, as interest rates would rise from adjustable-rate mortgages, he proposes to create a credit default swap market, allowing him to bet against, or short, market-based ...