Gougenheim Hedge Fund On Hold After Injury

Mar 22 2012 | 2:39am ET

A skiing accident has put Philippe Gougenheim on the shelf, and with him his planned hedge fund.

The former Unigestion hedge fund chief had planned to launch his Glasnost fund in June. But Gougenheim recently ruptured an Achilles' tendon on the slopes, preventing him from travelling and further preparing for Glasnost's debut.

The fund, which Gougenhim hopes to raise at least US$50 million for, will now launch in September, Opalesque reports.

"I take this accident as a good illustration that one should beware of trends and be prepared for unpredictable events," he wrote on LinkedIn. "I started skiing when I was 4, I will turn 48 yet later on this month and never had any problem while skiing. Even if I have won a few competitions, I am a careful skier, but I was bumped into, which is close to impossible to prevent. The good news is that I was somehow prepared for this, as I was wearing a helmet and a back protector, and I strongly advise all of you to do the same, as the consequences of my accident would probably have been worse without these protections."

"I also manage money in the same way, being cautious about trends, and being prepared for external shocks and tail risks," he added.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of