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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of