Gossip Grind: Today's Wall Street Buzz in 60-Seconds (GS)

Reported by Business Insider on Thursday, 22 July 2010 (on July 22, 2010)

Gossip Grind: Today's Wall Street Buzz in 60-Seconds (GS)

*Connecticut Governer ***Jodi Rell* ext

** invited** hedge fund managers to dinner. *Perks include: mouth-watering steak ext

and not getting double-income taxed by your state.

*Hedge Fund dynamo John Paulson ext

is opening up a new fund that targets retail investors interested in Ucits* through Deutsche Bank ext

. It'll be called the DB Paulson Fund. Bottom line: it'll be profittable but many think Ucits are likely to blow up eventually. ext

*Walter Noel ext

, who founded Fairfield Greenwich ext

(a hedge fund)*, is accused of personally pocketing $114 million in Bernie Madoff's ponzi profits. ext

The lawsuit accuses Noel's daughter (Marisa, pictured), her husband, two other sons-in-law and 13 others have also been charged with fraud and "turning a blind eye" to Madoff's fraud so they could roll in vacations and ponies.

Goldman is apparently hiring new tech-savvy PR reps.

*Al Gore III* got a lot of attention today for winning a controversial fight last night ext

. In the Corporate Challenge Boxing comp at B.B. King's Tuesday night, Gore was named victorious. Al "Kid Blanco" Gore beat Ken "The Carnivore" Cunningham in the third-round.

*Jospeh Dawson*, the manager of Dawson Trading, stole $2.1 million from family and friends ext

to buy a house with a pool, furniture, expensive dinners, movie tickets and pay off car bills. Dawson sent phony account statements to his buddies for seven years.

*Trader Francesc Balcells ext

* has quit the endowment of Harvard - the richest university in the world - to take on the role of head of emerging markets for Rogge Global Partners ext

.

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