Hedge Fund Manager Flies Out Of Marooned Vt. Town

Sep 1 2011 | 11:36am ET

What's $7,000 to a hedge fund manager? Not much—and certainly a bargain to escape a stranded Vermont town.

With some 13 towns in the state cut off by flash flooding caused by Hurricane Irene this weekend, T3 Live's Scott Redler took matters into his own hands: He hired a helicopter.

Redler, T3's chief strategist, was in Pittsfield for a wedding. But the hurricane washed out all of the bridges leading to the town, so Redler got on the phone.

"I wasn't going to wait for the state or federal government," Redler told Bloomberg News as he waited for his ride. "I can't trust them, because I know I'm not a priority."

Redler was back at his home in New Jersey—a state also hit hard by flooding—by Tuesday afternoon. He told Bloomberg that his mother was running out of medicine.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...