Bio

I became a journalist because I’m naturally curious and figured, what could be better than having an excuse for all my questions? Now I’m a reporter at Business Insider, where I cover money managers and gender issues on Wall Street and beyond.

Before covering finance, I reported on a range of topics, from drug policy in Tennessee to crime in Chicago and a war crimes tribunal in The Hague. I covered local news in New York and interviewed Nobel laureate Elie Wiesel. In 2014, I was a Google Journalism Fellow and a finalist for an Investigative Reporters & Editors award. My reporting has appeared in The Atlantic, the Chicago Tribune, The Nation, the New York Daily News, GlobalPost, Tablet, and the Jewish Daily Forward, among others. 

I studied at the CUNY Graduate School of Journalism on a full scholarship, focusing on investigative and business reporting. 

My resume is available on LinkedIn.

Wall Street and hedge funds

A man with ties to an arms dealer is behind a shaky startup that’s marketing itself to Mom and Pop Business Insider. 2017 – At the center of it all is Ramy El-Batrawi, whose life before starting YayYo involved working with an arms dealer, promoting “Men Are from Mars, Women Are From Venus,” and led ultimately to accusations of a stock-manipulation scheme and one of the biggest securities bailouts in history.

How teachers, firemen and college endowments ended up enriching America’s hedge fund billionaires Business Insider. 2017 – About one-third of assets in the $3.2 trillion hedge fund industry come from public pensions and endowments – but much of that money would have been better off untouched.

Some of the world’s largest hedge funds are getting crushed Business Insider. 2017 – The funds are run by firms including Bridgewater Associates, the largest hedge fund firm in the world, and Two Sigma, one of the fastest-growing firms. (All sourced from private investor documents.)

Behind the life and shocking death of a star money manager accused of insider trading Business Insider. 2016 – About a year before Sanjay Valvani‘s wife found him dead inside his Brooklyn Heights home, the star money manager learned he was under investigation for insider trading.

As Main Street piled into a controversial hedge fund, Wall Street backed away Business Insider. 2016 – Who knew what, and when? Some on Wall Street were distancing themselves from the firm long before Visium told investors of the federal investigation in March, my investigation found. At the same time, Main Street investors such as public pensions and endowments continued to add hundreds of millions of dollars of investments with the firm.

Wall Street has been rocked by an $8 billion hedge fund’s implosion Business Insider. 2016 – I broke the news that several Wall Street titans had distanced themselves from hedge fund Visium before a federal fraud investigation became public. I was also the first to report that Visium’s founder had made a personal account trade that broke the firm’s rules, rankling investors.

The man who transformed investing for Main Street sees a bleak future for Wall Street’s money managers Business Insider. 2016 John C. Bogle, 87, is the father of index investing, which allows anyone to invest in the market at very low cost — so much so that traditional money managers are getting squeezed out.

This is what it’s like when the 1% go to jail, according to a couple that ministers to their families Business Insider. 2016 – Shame. Ostracism. A shift to food stamps. This is a harsh reality for the families of white-collar criminals – hedge fund managers convicted of insider trading, or bankers nabbed for embezzlement.

This tiny hedge fund has an incredible track record, and outsiders can’t understand how Business Insider. 2016 – A small New York hedge fund called BlackBox has had almost no down months, and some people are skeptical of its returns. So I tried to figure out how it makes its money. It’s not an easy question to answer.

Why are there so few women hedge fund managers? Business Insider. 2016 – Bill Ackman, a prominent New York hedge fund manager, told a group of women investors that he was eager to hire women but hadn’t been able to find any for his investment team. Ackman’s fund is not alone – only 3% of senior hedge fund investment jobs are held by women.

The world’s biggest hedge fund expects a bust in China Business Insider. 2016 – Ray Dalio’s Bridgewater Associates says that China has experienced an “unsustainable buildup of credit,” which is “typical of debt boom and busts,” according to a private note to investors.

‘Hedge fund’ doesn’t mean anything anymore – that’s why they’ve been such a disappointment Business Insider. 2016 – For the last eight years, hedge fund investors have been paying high fees for lackluster performance.  It wasn’t always this way.

SNAPCHAT IPO SCOOPS

Goldman Sachs is predicting that Snap will deliver $2 billion in revenue in 2018

Snap has enough demand to push its IPO valuation as high as $25 billion

Snap’s IPO is oversubscribed by $7 billion

Morgan Stanley made a mistake analyzing Snapchat, and it shines a light on some big flaws in Wall Street research Business Insider. 2017 – A Wall Street investment bank has just led the biggest tech initial public offering in years but makes a mistake in the first research note it publishes on the stock. The error means the bank overstated the forecasted earnings over a five-year stretch by nearly $5 billion. Yet when the bank issues a correction and updates its earnings models, its price target on the shares remains the same. How does that happen?

Contact

Signal / WhatsApp / cell phone: +1-347-509-8341

Email: rlevy[at]businessinsider.com / rachael.levy9[at]gmail.com

Post: Business Insider, 150 5th Avenue, 8th Floor, New York, NY 10011

My newsletter: “Hedge funds, etc

You can also find me on LinkedIn and Twitter.