Tuesday, 21 October 2014
Last updated 10 hours ago
May 29 2012 | 8:26am ET
At last week's Cannes Film Festival, much of the buzz surrounded a hedge fund manager.
Not a real hedge fund manager, of course, but the hedge fund manager played by "Twilight" heartthrob Robert Pattinson in "Cosmopolis." And much of the buzz might lead a real hedge fund manager to short the film, big time.
"Cosmopolis" debuted to decidedly mixed—to be generous—reviews at Cannes, where it competed for, but did not win, the prized Palme D'Or. It tracks a 28-year-old hedge fund billionaire—Pattinson—in his journey across Manhattan to get a haircut, featuring visits to his limo from his analysts, proctologist, art adviser/mistress, Wall Street protesters and a former employee.
The film was directed by David Cronenberg and based on a 2003 Don DeLillo novel of the same name.
"It's very easy to say that this character, Eric Packer, is a vampire or werewolf of Wall Street, but really that's fairly superficial," Cronenberg said, alluding to the films that made his star a megastar. "This is a real person with a history and a past, and the history and the past is not 'Twilight,' it is 'Cosmopolis.'"
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...