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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR