brin_bellway | Miscellaneous Money Stuff (Reply)

[Bloomberg] (main article by Matt Levine; quoted section from Moody's)

Moody’s tool has revealed thousands of directors who are as young as zero or older than the world’s longest-living person on record. One listed director — at 943 years old — would have been born in the 11th century. This director is allegedly a minority shareholder and beneficial owner of a Belgium-based business services firm that incorporated in 2018.

all of the other immortals must be so mad at this guy

you can't just fucking *tell* people you're 943 years old, dude, we've been *over* this

(on the other hand, it doesn't seem like anyone is believing it, so maybe you *can* just tell people you're 943 years old)

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[Bloomberg] (main article by Matt Levine; quoted section by Sridhar Natarajan)

Wall Street firms usually grumble in private after getting punished by regulators. Anthony Melchiorre’s Chatham Asset Management is dragging its advisers into a public legal battle for $100 million.

The $6 billion hedge fund is demanding that Adviser Compliance Associates not only cover Chatham’s costs for settling a US probe last year, but also damage to its business. In an unusual lawsuit, Chatham claims the outside consultant, founded by former regulators, failed to prevent trading practices that ran afoul of authorities. …

“Chatham sought, received and followed advice from ACA that certain trading practices did not run afoul of the SEC’s cross-trading rules,” Melchiorre, 56, said in a statement through a spokesman. “ACA gave it improper advice and failed to flag these trades as problematic.” The hedge fund intends to vigorously pursue the matter, holding ACA accountable, he said.

~~man, imagine having recourse when your financial advisor advises you to break the law~~

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[Bloomberg] (main article by Matt Levine; quoted section by Elizabeth Lopatto)

“Short … [Reddit],” wrote one r/Wall StreetBets user. “They have not proven that this user base or data set can be monetized.”

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[Bloomberg] (by Matt Levine)

By the way, there’s a very funny anecdote in Scott Patterson’s Chaos Kings in which Nassim Nicholas Taleb goes for a walk with some colleagues at Universa, Mark Spitznagel’s black-swan fund. “Taleb, sweating in his professorial jacket in Miami’s eighty-degree heat, spotted a penny on the pavement in front of a parked steamroller — and picked it up, laughing at the inside joke.” The sort of thing that could only happen to Taleb.

oh my god