Monday, 30 November 2015
Last updated 22 min ago
Apr 19 2011 | 11:26am ET
John Paulson isn't the only hedge fund manager with a powerful taste for gold. But Kyle Bass' latest gold gorge wasn't made on his own behalf.
The Hayman Capital Partners founder, who last year was named to the University of Texas Investment Management Co.'s board of directors, pushed the endowment to buy nearly $1 billion worth of physical gold bullion. The more than 20 tons of the precious metal are being stored in a New York vault and represent nearly 5% of the endowment's total assets.
"Central banks are printing more money than they ever have, so what's the value of money in terms of purchases for goods and services?" Bass asked Bloomberg News. "I look at gold as just another currency that they can't print any more of."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…