Monday, 20 October 2014
Last updated 4 hours ago
Sep 6 2011 | 3:57am ET
Here's one line that hedge fund executive Christopher Solarz won't be adding to the resume: breaking the Guinness Book of World Records' bar-crawl record.
Solarz, head of global macro hedge fund strategies at alternative investment consultancy Cliffwater, his wife and 11 friends visited 200 New York City bars on Saturday. It took the group 10 hours to do so, breaking the previous record of 170 bars, should their feat be approved by the authorities at Guinness.
None of the members of the "Thirsty 13" fell victim to alcohol poisoning thanks to the rules set out by Guinness: Only one member of the team was required to have a drink at each establishment, and that drink needed to be only a half-pint of beer, meaning that the most that any one member of the group had to drink was the equivalent of a little more than seven-and-a-half beers.
Solarz, who joined Cliffwater this summer after a year-and-a-half as an analyst at fund of hedge funds SAIL Advisors, and his wife, Bea Reig, did the honors at bar number 200, Solas on East 9th Street, to celebrate their third wedding anniversary. The couple met at a speed-dating event at the bar.
"It's a real blessing to have friends like this," Solarz told the New York Daily News, friends who began drinking with him at 8:45 a.m., collecting evidence along the way for submission to Guinness.
Solarz is no stranger to the Guinness Book, in fact: He holds three other records, including for climbing, marathon running and riding the New York subway. The latter required Solarz and a friend to ride the entire system—all 468 miles of it. It took 22 hours and 51 minutes.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...