Jun 26 2013 | 2:10pm ET
The words of the Financial Times' James Morgan tell you all you need to know about derivatives, according to V2 Capital founder and chief investment officer Victor Viner: “A derivative is like a razor. You can use it to shave yourself… or you can use it to commit suicide.”
Viner uses the quote when pitching his fund—a strategy that is long equities, short index options. Viner says it's a response to those—like Warren Buffet, who once characterized derivatives as “weapons of mass destruction”—who look at the complex financial tools and see only risk.
Feb 3 2014 | 9:27am ET
In recognition of his extraordinary dedication to philanthropy, Marathon Asset Management’s Bruce Richards will be presented with the Award for Caring during the 16th Annual New York Open Your Heart to the Children Benefit, which takes place on Thursday, March 6. The gala, the largest gathering that Hedge Funds Care/Help For Children holds worldwide, will bring together 1,000 hedge fund executives to raise funds to help prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…