Primer on Hedge Funds

I just saw this paper on SSRN, written UBS's alternative investments, that has a quick intro on what are hedge funds.

If you don't know what they are, here is a good introduction. Here is the link for download:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1773947

UBS - Hedge Fund Primer

What if Charlie Sheen Was a Trader?

Very funny article on the FT about Charlie Sheen being a star-trader and negotiating his compensation package:

http://www.ft.com/cms/s/0/509be01a-4b0f-11e0-911b-00144feab49a.html#axzz1GOnY6YhE

Here is an excerpt:

"The committee then considered objective measures of Mr Sheen’s performance. These were impressive: Mr Sheen’s trading had contributed tens of millions of pounds to the bank’s bottom line over the previous year.

At this point the committee was minded to view Mr Sheen’s transgressions as a private matter, and not one over which it behoved HotShots Bank to take an excessively paternalistic line.
It was also noted that Mr Sheen, a self-pronounced “total freakin’ rock star from Mars” appeared to regard himself as very mobile. If not paid a bonus in line with his compensation expectations, he would surely quit."