Friday, 19 September 2014
Last updated 1 hour ago
Jul 9 2012 | 5:00am ET
Athletes who go into hedge funds frequently say that sports inculcate skills valuable on the trading floor. But one of basketball's newest professionals says the learning curve works in the other direction, as well.
Tyler Zeller, the 17th pick in last week's National Basketball Association draft, credits his internship at hedge fund Morgan Creek Capital Management for some of his hardwood success.
"I did it because I found it interesting and fascinating," Zeller told ESPN. "I think I got paid about $15 an hour. It really taught me time management. I worked from 8 a.m. to noon every day, did workouts in the afternoon, then had to do it all over again the next day. Getting up that early is almost unheard of for a college student."
Morgan Creek is based in Chapel Hill, N.C., which is also home to the University of North Carolina, where Zeller studied and played for the Tar Heels, including on the 2009 national championship team.
Zeller will play next season for the Cleveland Cavaliers, who acquired him from the team that drafted him in the first round, the Dallas Mavericks.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.