When Hedge Fund managers invest in sports teams, look out. According to this Bloomberg Businessweek article the teams often benefit, while investor returns often slide.
One exception, however, seems to be David Tepper who purchase a share of his hometown Pittsburgh Steelers and returned 130% the same year.
A Connecticut man has been arrested for trying to start a hedge fund—five cents at a time.
Police in West Hartford said that Brent Goggins was “going door-to-door collecting cans because he was using them to get money to start a hedge fund.” Unsurprisingly, the people of Fenwood and Exeter avenues and Carol Road were suspicious, and alerted police.
Goggins, 32, was charged with soliciting without a permit. It’s not his first run-in with the law; he pleaded guilty to resisting arrest in 2007.
Speaking of resisting arrest, Goggins’ collar came with a bonus for law enforcement: He was knocking on doors with one Charles Cravish. Cravish, it turns out, is a fugitive, having been charged with resisting arrest in Florida.
Goggins was released on $100 bond, posted by his girlfriend despite the fact that Goggins and Cravish were using her car for their caper and got it towed. Cravish faces extradition to Florida.
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
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