Roddy Boyd
Latest Articles
Columbia business professor teaches 'shady' China deal
An internal “CaseWorks” study from Columbia University’s prestigious business school obtained by The Post teaches its students an important lesson: Make millions of dollars while promoting a host of busted...
Food truck (stock) offerings little cheesy
A Lexington Avenue firm is trying to capitalize on the food-truck craze sweeping American downtowns by backing the Grilled Cheese Truck Inc., a restaurant concept on wheels peddling — you...
Fuld’s tiny stock is penny from heaven
Former Lehman Brothers chief executive Dick Fuld isn’t spending his golden years playing shuffleboard and watching reruns of all the shows he missed during his decades atop the Wall Street...
Consumers paid for nat gas profits
At the heart of author Barbara T. Dreyfuss’ new book is greed — pure and raw, with total disregard for consequences. In “Hedge Hogs,” Dreyfuss recounts the 2006 collapse of...
3 BIG BANKS SEEN WRITING DOWN $34B
D The future holds plenty of pain for Goldman Sachs' biggest rivals - that is, according to Goldman Sachs. A Goldman research report from senior bank analyst William Tanona predicted...
BIGGEST SHARE OF BEAR IS LEWIS'
Billionaire investor Joseph Lewis continued to take advantage of Bear Stearns' swooning stock price, adding to his position to become the investment bank's largest shareholder. According to documents filed yesterday...
RESCUE NOT NEEDED
The multi-bank attempt to purge the capital markets of billions of dollars worth of busted bonds is being flushed itself. The three banks that put together the bailout fund -...
MBIA LOUSY WITH $8.1B IN NASTY CDOS
MBIA's dirty little secret floated to the surface yesterday when the biggest bond insurer in the world disclosed it had $8.1 billion worth of the most arcane collateralized debt obligations...
BIG MACK ATTACK
In a move that is rapidly becoming de rigeur on Wall Street, Morgan Stanley became the latest investment bank to go hat in hand to a sovereign investment fund for...
BEAR MANAGER MAY HAVE HEDGED HIMSELF
A former Bear Stearns hedge fund manager who is being scrutinized for having pulled out up to $2 million from a troubled hedge fund, might have done so while at...
REFCO LAWYER CHARGED
Federal prosecutors took the unusual move of indicting a high-profile lawyer for allegedly playing a central role in Refco's multiyear accounting fraud. Joseph Collins, a key partner at Chicago's Mayer...
SUBPRIME SAVIOR
Take that, Stan O'Neal. Merrill Lynch's new CEO John Thain is bringing back a senior executive who was axed by then-CEO O'Neal after warning that the firm's inventory of subprime...
BONUS CHECK? NOPE
Merrill Lynch CEO John Thain offered his firm's battered bond division the clearest sign yet that the credit-market woes will continue to inflict pain both on the bank and many...
AMARANTH TEAM AXED
Moore Capital Management fired a team of well-regarded former Amaranth portfolio managers after the unit unexpectedly dropped 15 percent last month. The official word from the firm, which has $13...
KEY WALL STREET HEDGIE UNRAVELS
One of last year's best performing hedge funds has hit an epic ice patch, dropping an estimated 22 percent last month after a big bet on copper turned out to...
BIOVAIL TO PAY $138M FOR SUIT
Troubled Canadian pharmaceutical manufacturer Biovail Corp. agreed to pay $138 million to settle a class-action lawsuit alleging that it misled investors and engaged in fraudulent accounting. After an expected insurance...
MBIA'S GAIN IS ACKMAN'S BIG PAIN
An unexpected billion-dollar vote of confidence from a private-equity giant is making this a Merry Christmas for shareholders and executives of struggling bond insurer MBIA. Yesterday, Warburg Pincus announced that...
INVESTMENT BOOSTS BEAR
One of Bear Stearns' biggest stockowners continues to expand his stake in the company despite the brutal market conditions for its mortgage franchise. British currency investor Joseph Lewis disclosed in...
COLLAPSE OF $488M BOND POOL
The collapse of an asset-backed bond pool yesterday is the most stark reminder yet of the growing cost of the subprime meltdown. Adams Square I, a $488-million collateralized debt obligation...
AQR'S QUANT LOSES LUSTER
A giant Greenwich hedge fund continues to get clobbered as volatility whipsaws its computer-generated trading models. AQR Capital Management's flagship fund, the $4 billion AQR Absolute Return fund, dropped an...