Thursday, May 4, 2017

"Friends Don’t Let Hedge Fund Friends Invest In Pre-IPO Fintech Startups, Marry Their Cousins"

From DealBreaker:
It’s a tale as old as time: Man dreams big. Man finds knack for picking financial stocks. Man runs in-house hedge fund for major asset manager. Man chalks up years of stellar returns. Then he gets too close to the sun. Man marries first cousin. Man starts making wildly speculative bets on private fintech companies that come to imperil his reputation and spark billions of dollars of fund withdrawals. Man interviews with Mo Rocca in palatial estate. Man – we’re talking about Nick Adams of Wellington Management here – gets Wall Street Journal profile:...So MUCH MORE