John Edwards, investment adviser
[from today’s NYT]
For John Edwards, the Democratic presidential candidate, the 14
months he spent as a paid senior adviser at Fortress Investment, a
$29.7 billion hedge fund and private equity firm, helped him to bond
with the fund’s liberal-leaning executives, several of whom have
given money to Mr. Edwards.
As to what Mr. Edwards, a trial lawyer with no previous financial
markets experience, did at Fortress, an adviser to the candidate said
that Mr. Edwards “advised on where there might be investment
opportunities and where he saw the global economy going.” Mr. Edwards
resigned from Fortress last month before declaring his candidacy.
February 8th, 2007 at 9:51 pm
[…] Intro Ozzy Osborne because OZZFEST is Free: Early in the week I spoke about the new IPO Fortress Investment Group (FIG) John Edwards was an advisor for them. The nickname for this hedge fund/private equity going public is the Two Castles (NCT)- Ironic: Two Americas is the theme of John Edwards. Is the sub prime lending market coming unhinged? HSBC (HBC) mentioned along with Accredited Home lenders (LEND) and cheepy Fieldstone (FICC) in WSJ.BHP Charles Goodyear might be courted by Alcoa (AA) Bio Diesel Buses breakdown in Indiana. “Ultra-low sulfur ratio” not so low it clogs the filters. IBD New America stock was Tempur-Pedic (TPX) I left early today to cover the ASI show in town this week. I love going to this show because of the cool marketing ideas. The hot product this year was vibrating soap. Watch for the montage video that we put together. Pete is still doing CNBC’s Fast Money and Dr J called in from Florida gave us Broadcom (BRCM)Feb 35 calls vs Marvell (MRVL) for the Apple I-Phone that uses G2 vs G3. Add in H&R Block (HRB) trade to the sub prime loan short. April 22 ½ puts active. Steel is still hot (AKS) June 20 calls. (JPM) puts also (BMC) March 35 puts. Listen to CoffeyGrinds CoffeyGrinds Live at www.mn1.com at 9am and 12noon CST. […]