Daniel Stern News
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As a Big Pharma gun-for-hire, Juliana Smithton knows how to engage the doctors while talking up a new anti-dementia drug at a plush Caribbean resort.
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What’s the probability of making a free throw in basketball? Answering such questions is the nation’s first museum devoted to mathematics, which opens its doors today.
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Daniel Och , founder of $25 billion hedge fund firm Och-Ziff Capital Management Group LLC , looks out from the podium over the crowd of investors and money managers nibbling on chicken salad at Manhattan’s St. Regis hotel and repeats a quip from investor Warren Buffett .
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His Och-Ziff hedge fund, up 23 percent in 2009, is scaling back risk to attract big investors. His share price is languishing.
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Goldman Sachs Group Inc . is seeking money to bankroll fledgling hedge funds, its second attempt since 2008 to break into a business now dominated by Blackstone Group LP , according to three people with knowledge of the plan.
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Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself for just $10 a share to JPMorgan Chase & Co.
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“ The Next Three Days ,” starring Russell Crowe as a college professor who tries to break his wife out of prison, is a smart, suspenseful thriller that slowly comes together like a jigsaw puzzle.
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