John Paulson is a more aggressive risk-taker than other hedge fund managers, a Bank of America executive told clients on a conference call yesterday, Bloomberg reports. Mr. Paulson answered questions from BofA’s wealth management clients after Citigroup’s private banking unit redeemed $410 million from Paulson funds last week.
Ray Dalio isn’t making friends in Stamford, Read More
Ben Gifford graduated from Dartmouth in 2010. He sought work teaching in Asia, but those kinds of jobs don’t exactly grow on trees, so he went to work for Bridgewater Associates. But life at the $125 billion hedge fund didn’t exactly agree with him, and after a year and a half at the firm, he decided to pursue other dreams.
Such as? As a high schooler in Newton, Mass., Mr. Gifford and childhood friend Sean Pears had an epiphany. A bakery could sell muffins, and give customers the chance to flip a coin. Heads, they get a second muffin, free. Tails, just one muffin. Double or Muffin!
Because really, who doesn’t want a hedge fund manager who’s both meditative and viciously competitive, and isn’t that why everyone from Ray Dalio to Process Driven Trading’s Peter Muller to Paul Tudor Jones is always touting their love for transcendental meditation or the new yoga studio they just opened in Greenwich. Read More
Even though June isn’t often a month for astonishing financial news, it’s quietly become a goldmine of stupendous information about some of Wall Street’s brightest minds. There was Vanity Fair‘s exclusive interview with Steven A. Cohen, who turns out to be in constant pain, followed by New York‘s detailed look at Bernard L. Read More