Wednesday, March 23, 2011

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:

UBS - Hedge Fund Primer

Saturday, March 12, 2011

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:

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."