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The Question Isn't 'Is This Based On Something A Hedge Fund Manager Actually Did,' It's 'Which One'?

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It’s no secret that hedge fund professionals are typically Wall Street’s oddest ducks, which is something I mean in the best possible way (and is probably the reason they and I have such electric chemistry). Whereas investment bankers are generally cookie cutter little drones, afraid to break from the mold, alternative asset managers—and in many cases, their employees—let it all hang out. They range from “slightly quirky” to “total whack jobs,” and their level of freak can generally be positively correlated to their funds’ returns. That’s why I’m putting it out there, with confidence, that the premise for the new Paul Rudd, Steve Carell movie, Dinner For Schmucks, is based on something that actually went down.**

Jay Roach's newest film, Dinner for Schmucks, stars Paul Rudd as Tim, a corporate executive at a hedge fund who is invited to a dinner party with one strange caveat: Each invited guest must bring the biggest idiot they can find along with them — and the winner will earn accolades and admiration from their boss.

Rudd decides to bring an IRS employee named Barry, played by Steve Carell. Barry — who seems to lack an internal filter, and who spends his off hours building lovingly detailed dioramas featuring taxidermied rodents… Other guests at the table include a man who's unaccountably attached to his emotionally abusive "wife," who is actually a ventriloquist's dummy.

Now we just need to determine who throws what (fingers crossed) has gotta be a monthly thing, and score me an invite. (I have my guesses but am interested in your input.) From there I'll hold auditions for the role of my special friend.

Jay Roach, Steve Carell Pair Up For 'Schmucks' [NPR]

**And if that's not the case, who will step up to the plate and get things started??


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Hedge Fund Manager Are Sad

And dying from a form of cancer that attacks alpha generation, they say.

Area Hedge Fund Manager: Leave Harry Alone!

As you may have heard, earlier this week the lovable scamp that is Prince Harry of Wales got in a bit of hot water when he was photographed ass naked in Las Vegas, with a bunch of equally ass naked ladies, following some sort of swim meet with Olympic gold medalist Ryan Lochte. Those photographs, some of which involved a billiards table and pool cues, were subsequently run on the covers of various newspapers and the Queen, being none too pleased, told her grandson to get on the first flight back to London (apparently in a tone so scary he knew she meant business and "did not mingle with other passengers," instead remaining "in the upstairs cabin of the 747" to think about what he'd done). While it's unclear what kind of punishment the Queen has in mind, or if she's yet delivered the sort of tongue lashing generally reserved for naughty Corgis and her subjects at RBS, in the meantime many have come to the prince's defense and advised the old lady to back off, like the hedge fund manager the Times found on the tube who thinks the Queen should relax and have a good laugh about it. She'd be doing the same thing if Prince Philip ever gave her a weekend off. Among people surveyed at random in central London, including subway commuters reading about the Las Vegas incident on the front page of the tabloid the Evening Standard, the verdict was mostly thumbs-up. “I think it’s quite funny,” said John Daniels, 46, a hedge fund manager. “I’m sure most people would like to be doing exactly the same thing, especially in Vegas. This is his own private time and people shouldn’t be taking photographs of him.” For Prince Harry, Vegas Exploits Didn't Stay There [NYT]