Tuesday, 21 October 2014
Last updated 8 min ago
Jun 20 2013 | 10:40am ET
CQS founder Michael Hintze's criticism of a top British politician nearly cost him his knighthood.
After the honor was recommended by the Main Honours Committee, the government responded negatively. The issue, reportedly, was not Hintze's link to a scandal that led to the resignation of Britain's defense minister in 2011, but his criticism of Chancellor of the Exchequer George Osborne's policies.
Those attacks made him persona non grata at 10 Downing Street, the Daily Mail reports, in spite of his generosity to the ruling Conservative Party.
But his generosity to arts groups and museums ensured that he'd become Sir Michael. The beneficiaries of the more than £30 million Hintze has given away pushed back against the government, as did the Honours Committee.
"It was quite clear that the man amply deserved the honor after all his philanthropy," a committee insider told the Mail. "We pushed back and made it clear a political veto would be unwelcome."
Hintze's close ties with Prince Charles also played a role, according to the Mail; the hedge fund manager is chairman of the heir to the throne's Foundation for the Built Environment.
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 ...