How to Run Your Hedge Fund From a Prison Cell
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Oct. 5 (Bloomberg) -- As if America’s hedge-fund elitedidn’t have enough crises to worry about -- riots in Spain, thefiscal cliff, Lindsay Lohan’s hotel brawl -- the parade ofunderlings copping pleas to insider-trading crimes just keepsgrowing. Every week it seems another one flips, promising toturn state’s evidence.
Time is money, as they say. And it would take a true geniusto make money out of the kind of time some of these people arefacing. Still, you don’t get to work at a $14 billion hedge fundlike SAC Capital Advisors without abundant self-confidence andinner drive. So if you are someone like Jon Horvath, now isn’tthe time to give up on your dreams, just because you face theprospect of years in the slammer.