Hedge Fund Exec. To Blast Off—Twice

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."


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note