333:, two weeks before delivering his speech at the Ira Sohn Conference. Shireman was in charge of the department's regulatory efforts, which had begun more than a year earlier. The agency’s Inspector General, after a review, concluded there was “no improper disclosure of sensitive information by Department officials in their communications with outside parties.”
258:
fund, explaining his decision by stating that "making investment decisions by looking solely at the fundamentals of individual companies is no longer a viable investment philosophy." The fund controlled an estimated $ 185 million in assets at the time of its dissolution. Emrys
Partners stopped operating in mid-2014.
370:. Feigen, who worked for J.P. Morgan, said of her husband, "Even on Wall Street people think he's rude and obnoxious and aggressive." While Eisman seems aware of his tendency to be rude he does not seem to be concerned by it. He once said to an interviewer on this topic, "I forget myself sometimes."
257:
In March 2012, Eisman founded Emrys
Partners with $ 23 million in seed capital. The fund performed poorly in 2012, returning 3.6% and underperforming the market. It did better in 2013, returning 10.8% but still underperforming the market. In July 2014, he announced that he was shutting down the
351:
By the end of 2018, after government and media investigations had exposed predatory practices including a fraudulent inducement to enroll, both
Corinthian and Educational services were defunct, having ceased operations, due to reduced enrollment and ineligibility to continue participating in
328:
regulations in 2009-10, the for-profit industry retaliated by accusing Eisman of attempting to illegally influence the government and calling for an investigation. The allegations stem from a meeting that Eisman had with
Department of Education officials David Bergeron and
406:
is happening before out eyes and the world is silent." Eisman posted, "You must be kidding. We are not silent. We are celebrating." He subsequently apologized for his remarks, deleted his X account and was placed on indefinite leave of absence from
Neuberger Berman.
270:
as a managing director and a portfolio manager for the Eisman Group within
Neuberger Berman’s Private Asset Management division. The group, run by partners including Steve's parents, Elliott and Lillian Eisman, manages portfolios of stocks for wealthy clients.
348:. Harris Miller, president of the lobbying group that represents for-profit colleges said of him, "Eisman is a self-serving nutcase who got lucky. He's in the business of ruining the reputation of companies so he can make money when their stock prices drop."
816:
373:
Eisman's first-born son, Max, died after his night nurse rolled on top of him in her sleep. Eisman and people who know him well describe the death of his son as a hugely influential event that affected him in many ways.
200:. Eisman was unhappy with his work in law. His parents arranged a position for him at Oppenheimer working as an equity analyst. Oppenheimer's anti-nepotism rules required his parents to pay the first year of his salary.
344:(CREW) on the grounds that he stood to profit from proposed regulations due to his short positions against private colleges. CREW was later found to have been receiving payments from a founder of for-profit
311:
Until recently, I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The
337:
812:
589:
813:"New Report Implicates Citizens for Responsibility and Ethics in Washington in Suspected Pay-for-Play Scheme - Center for Consumer Freedom - Center for Consumer Freedom"
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765:
Office of
Inspector General, U.S. Department of Education, "Department's Negotiated Rulemaking Process on Gainful Employment: Final Audit Report," June 2012,
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341:
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government backed student loan programs. The U.S. Department of
Education later forgave over a half-million student loans linked to Corinthian programs.
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245:. He left FrontPoint Partners in 2011 amid investor withdrawals following an investigation of illegal insider trading by portfolio manager
402:
showing burning tents of displaced Gazans after an
Israeli airstrike, which was captioned "Screams of Palestinians being burnt alive. A
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858:"Investor Steve Eisman tells Penn to take his name off scholarship as school faces criticism during Israel-Hamas war"
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398:' should be expelled" from the University of Pennsylvania. On 20 September 2024, Eisman responded to a video on
303:, likening their loaning practices to what he witnessed from the subprime mortgage industry in the midst of the
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industry. In his presentation, Eisman was highly critical of companies that run for-profit colleges, such as
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225:. By 2010, he managed more than $ 1 billion for FrontPoint, and gained prominence after being profiled by
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777:
Why Are
Progressives Fighting Student-Loan Reform?, by Mike Elk, The American Prospect, 6 October 2010
395:
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Did Steve Eisman unduly influence the Education Dept.?, by David A. Kaplan, Fortune, 2 November 2010
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on problems with for-profit higher education, Eisman was criticized by progressive groups such as
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733:"Negotiated Rulemaking for Higher Education 2009-10 - Team I: Program Integrity Issues"
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696:"Steve Eisman's Outspokenness, Orchid Habit May Have Caused Rift With Morgan Stanley"
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490:
691:
561:
383:
267:
127:
79:
58:
884:"'Big Short' fund manager Steven Eisman says he is 'celebrating' Gaza destruction"
788:"Money trail connects watchdog group CREW to the for-profit colleges it defended"
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330:
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by demanding that his family name be removed from a scholarship, and stated to
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161:; born July 8, 1962) is an American businessman and investor known for having
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He has been married to Valerie Feigen since 1989. Valerie was portrayed in
246:
242:
67:
399:
241:, Eisman's name was changed to Mark Baum, and he was portrayed by actor
911:"Steve Eisman Placed on Leave After Post 'Celebrating' Attack in Gaza"
537:
535:
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162:
196:
with honors. His parents worked in finance; they were brokers for
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that any student who "holds up a sign that says 'free Palestine
590:"The Shocking Admission of This Shuttered Hedge Fund Manager"
613:"Hedge fund manager Steve Eisman shuts down Emrys Partners"
391:
142:
133:
454:"Excerpt from The Big Short: Inside the Doomsday Machine"
274:
639:"Live From the Ira Sohn 2010 Conference - NYTimes.com"
386:, Eisman responded to pro-Palestinian protests at his
909:
Brush, Silla; Cantrell, Amanda (September 20, 2024).
154:
145:
136:
715:"Steve Eisman's Next Big Short: For-Profit Colleges"
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Citizens for Responsibility and Ethics in Washington
175:
180:Eisman grew up in New York City, where he attended
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281:Ira Sohn Conference Investment Research Conference
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168:(CDOs), thereby profiting from the collapse of
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89:Betting against subprime mortgages during the
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480:
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338:Senate Health, Education and Labor Committee
78:Managing Director and Portfolio Manager at
235:. In the movie adaptation of Lewis' book,
232:The Big Short: Inside the Doomsday Machine
473:
771:
670:"For-profit colleges fighting back hard"
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661:
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324:took action to strengthen a variety of
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544:"Emrys Partners Hedge Fund Shuts Down"
316:industry has proven equal to the task.
208:
712:
684:
676:. WarnerMedia Company. Archived from
656:
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512:"Eisman to Leave FrontPoint Partners"
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484:
452:Lewis, Michael (September 27, 2010).
451:
706:
611:Herbst-Bayliss, Svea (4 July 2014).
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275:Campaign against for-profit colleges
213:Eisman rose to fame betting against
980:Stock and commodity market managers
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588:Solin, Daniel (17 September 2014).
283:, Eisman raised concerns about the
261:
13:
485:Lewis, Michael (1 February 2011).
279:During a presentation at the 2010
170:the US housing bubble in 2007–2008
14:
991:
965:University of Pennsylvania alumni
950:Businesspeople from New York City
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266:In September 2014, Eisman joined
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176:Early life, education, and family
16:American businessman and investor
838:"Valerie Feigen, A Lawyer, Weds"
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297:Education Management Corporation
217:at Greenwich, Connecticut-based
192:in 1984. He then graduated from
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819:from the original on 2021-05-21
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668:Yousuf, Hibah (21 April 2011).
215:collateralized debt obligations
166:collateralized debt obligations
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592:. U.S. News & World Report
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416:
377:
1:
424:"All of the Above: Education"
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945:American venture capitalists
641:. 2013-12-06. Archived from
542:Juliet Chung (3 July 2014).
518:. The New York Times Company
336:After offering testimony to
7:
713:Kroll, Andy (27 May 2010).
619:. The Thomson Reuters Trust
516:The New York Times DealBook
510:Ahmed, Azam (8 June 2011).
489:. W.W. Norton and Company.
433:: 35. January–February 2011
366:under the name Cynthia, by
10:
996:
975:21st-century American Jews
970:20th-century American Jews
186:University of Pennsylvania
55:University of Pennsylvania
955:Harvard Law School alumni
396:from the river to the sea
382:In late 2023, during the
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184:schools. He attended the
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50:
28:
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960:New York (state) lawyers
431:The Pennsylvania Gazette
301:ITT Educational Services
91:subprime mortgage crisis
940:American money managers
549:The Wall Street Journal
322:Department of Education
318:
289:Apollo Education Group
815:. September 3, 2014.
346:University of Phoenix
309:
314:for-profit education
285:for-profit education
890:. 20 September 2024
846:. 8 September 1989.
792:Washington Examiner
326:consumer protection
293:Corinthian Colleges
219:FrontPoint Partners
209:FrontPoint Partners
864:. 23 November 2023
843:The New York Times
645:on 6 December 2013
194:Harvard Law School
64:Harvard Law School
913:. Bloomberg News.
700:New York Magazine
694:(5 August 2010).
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45:(age 62)
33:Steven Eisman
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894:20 September
892:. Retrieved
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866:. Retrieved
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719:Mother Jones
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247:Chip Skowron
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43:July 8, 1962
23:Steve Eisman
930:1962 births
737:www2.ed.gov
596:20 November
437:12 February
378:Controversy
198:Oppenheimer
924:Categories
823:2021-08-27
798:2020-10-21
743:2020-10-21
649:2022-03-17
623:7 November
571:2023-06-20
566:Q114844619
522:7 November
411:References
388:alma mater
320:After the
39:1962-07-08
674:CNN Money
558:0099-9660
404:holocaust
51:Education
862:cnbc.com
817:Archived
562:Wikidata
617:REUTERS
182:Yeshiva
163:shorted
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299:, and
204:Career
97:Spouse
427:(PDF)
158:-smən
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896:2024
870:2024
625:2019
598:2014
554:ISSN
524:2019
491:ISBN
467:2016
439:2016
392:CNBC
29:Born
156:EYE
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