For a lot of people in the banking industry, a non-compete is a nice little 3-6 month enforced vacation in between jobs. For Christopher Rokos, a co-founder of Brevan Howard, it’s a half a decade death sentence that will cause his trading hands and legs to shrivel up and break off, or at least become purely ornamental. Read more »
Posts by Bess Levin
Paul Enright wanted access to the basement to store his crap (and a townhouse sans vermin). Brenda “The Wonderbra” Schad wanted a tenant who wasn’t constantly on her ass. Read more »
Chip Wilson, of the Lululemon Wilsons, isn’t looking to make trouble (anymore). Read more »
Maybe he smiles inside. There are signs now and then that he might enjoy a kind of humor. At this year’s World Cup, according to a colleague, as the Argentine national team made its glorious push and its country teetered toward default, Singer was there, in the stadium. He was wearing an Argentina jersey. [BusinessWeek]
As many of you are all too aware, hedge fund managers are not known for being particularly warm and cuddling with their employees. They may very well be kind, reasonable people outside the office, but within the confines of the trading floor, it is of little import to them if they come off like people on the Humane Society’s most-wanted list (and some see such distinctions as a badge of pride).
A standard question posed at portfolio managers who can’t answer Steve Cohen fast enough about a stock is, “Do you even know how to do this f*cking job?“. Ray Dalio refers to employees who don’t tell their colleagues “you suck” to their face as “slimy weasels.” In an article about how he rips traders to shreds for not being up on an extremely minor detail of an investment, it’s pointed out Paul “Second Coming of Mother Theresa” Singer “doesn’t throw things.” Louis Bacon takes the other side of subordinates’ trades.
Still, we were yet to hear of a firm where the boss has asked people 1) if they’re willing to die for him and 2) if someone would find a storage facility for his dog’s semen. Until now. Read more »
*This is a nickname given to him by the neighborhood kids, not a description. Read more »
Mission somewhat accomplished. Read more »