Tuesday, 21 October 2014
Last updated 23 min ago
Nov 11 2011 | 11:44am ET
A hedge fund executive is so excited about the prospect of space tourism, he's booked not one but two trips into outer space.
Hedgeye Risk Management's Michael Blum expects to experience weightlessness on a Virgin Galactic flight at the end of 2013 or in early 2014—Virgin expects to send its first space tourists up at the beginning of 2013. But that $200,000 trip wasn’t enough for Singapore-based Blum, president and COO of Hedgeye, so he booked another with another company.
Blum has also paid $95,000 to go into space with Dutch-based Space Exploration Curaçao, a flight he expects to take towards the end of 2014. And despite its bargain-basement price relative to Virgin Galactic, Blum, a licensed pilot, will get to serve as co-pilot of the Space Exploration flight.
"I care about flying a lot, which is why I'm interested in space," Blum told Reuters.
"I've dived with great white sharks off the coast of Mexico. I've also driven racing cars," he added. "But this experience is going to be by far the most interesting and significant."
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 ...