August 30, 2010
How does a 33-year-old afford the $12 million home formerly owned by Lloyd Blankfein, head of Goldman Sachs? The Financial Post recently tried to answer that question as it looked at the meteoric rise of Bryce Markus, a senior portfolio manager with BlueMountain Capital Management LLC. BlueMountain is a privately owned hedge fund sponsor, which […]
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August 23, 2010
Several high profile hedge fund managers have decide to throw in the towel and leave the industry, citing growing frustration over increased regulations, higher taxes on profits and disappointment with returns. The latest is Stanley Druckenmiller, who managed $12 billion at Duquesne Capital Management, reports Reuters. His decision was reportedly due to “burnout”, after amassing […]
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