Big Money Wall St. Back In Politics - Jon Corzine Approves

Markets

Remember last time Wall Streeters became elected officials? Looks like it’s happening again.

Sadly, the current fragmented political situation and forgotten lessons of 2007 may be behind this Wall Street Political Redux.

The new cohort could include a bunch of former hedge funders: Tom Steyer (ex Farallon), Joe Sanberg (ex Tiger Global) and David Stemerman (soon to be ex Conatus), among others: New Wall Street candidates emerge to test Trump-era appeal

Another key Pine River exec is getting out. Fixed income PM Colin Teichholtz is leaving, a move that follows other senior departures including Steve Kuhn, Richard Knight, Michael O‘Connell, Gaurav Tejwani, among others. Assets have dropped sharply amid poor performance; the flagship multi-strategy fund is now in liquidation. Brian Taylor does have about $4 billion in permanent capital through two REITs, an important buffer for Pine River no matter what happens to its hedge fund business.

More recent big money news from around Reuters:

· Man Group Q3 assets up 7.9 pct on market gains, inflows

· Ashmore posts highest net inflows for 4 years, shares up

· Judge finds Amur defaulted on Pine River credit agreement

· Herbalife soars on buyback, pressures Ackman's short bet

· Peltz's Procter & Gamble defeat could be more humbling than harmful

· Ackman reaches out to ADP retail investors, softens image

· GE names hedge fund Trian executive Ed Garden to board

· Honeywell prepares to spin off businesses, but not what Third Point wants

· BlackRock's Fink warns of risk of inverted bond yield curve

· Bill Gross of Janus blames Fed for 'fake markets'

· Elliott tours BHP investors in renewed push for radical shake-up