Bridgewater, Blackstone Buck No-Holiday-Party Trend

Dec 20 2011 | 1:26pm ET

Wall Street's biggest banks are still shying away from the extravagant holiday parties that helped make them infamous before the financial crisis. But while Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America held no holiday parties for their employees, alternative investments firms aren't without the holiday spirit.

None are so full of it, perhaps, as Bridgewater Associates: the country's largest hedge fund rented out the whole of the 10,000-seat Webster Bank Arena in Bridgeport, Conn., for its party. The arena is more used to hosting college basketball and minor-league hockey games.

Another alternative investments giant, the Blackstone Group, scaled back this year; last year's shindig, in honor of its 25th anniversary, was held at the Metropolitan Museum of Art. This year, Blackstone settled for a "low-key" affair at the Waldorf Astoria Hotel, The New York Times reports.

The firm even held a coat drive at the party.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.