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

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

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

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