Meredith Whitney is closing up shop.
Just a few years after the media went crazy over this woman anointing her the Smartest Woman on Wall Street, she is closing down her research firm. (Remind you of anyone? Elaine Garzarelli, perhaps?)
I knew Whitney when she was a contributor at Fox. Nothing special, believe me. Further reinforced when she married that wrestling dude, John Layfield.
Whitney is not going away, unfortunately. Now she is opening up a hedge fund, which is interesting because I'm wondering who is going to give her money to manage after her research firm produced such a terrible track record?
Pretty much all these Wall Street "geniuses" eventually prove that they're all more lucky than smart. (Or more often than not, corrupt.)
More on this story now. This is on the Business Insider website:
From Bloomberg:
Whitney started the advisory business amid media coverage including a Fortune cover story crowning her “the woman who called Wall Street’s meltdown.” Her broker-dealer’s Securities and Exchange Commission filings list no revenue in the past three years and about $96,000 of expenses. The unit was inactive last year outside of maintaining compliance and “introducing its services to the market,” according to the most recent report.
No revenues in three years? Seriously?
Can't wait to see her performance.
1 comment:
Maybe Maria Bartiromo will give her money to manage. Then when she loses it, I want to hear Maria continue to sing her praises.
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