Saturday, 20 September 2014
Last updated 23 hours 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."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.