Summary
How much would you pay for a yoga session with Sting? Or a game of tennis with Elton John? If you are a hedge fund manager attending a charity dinner hosted by Arpad "Arki" Busson, a Frenchman who is the former partner of model Elle Macpherson (pictured above), the answer is that you'll stump up GBP 300,000 and GBP 70,000 respectively. Hey, in a profession where bringing down banks is all part of a day's work, a chap needs to let his hair down.
The excesses of super-rich hedge fund managers - the Mayfair Mafia - is legendary. These people define themselves by money and so compete to outspend each other, most notably in their support of Absolute Return for Kids, an educational charity run by Busson. In 2006, their fundraising dinner raised GBP 18m; last year it was GBP 26m.See the full content of this document
Extract
Inside the Cristal Palace
If you bet big, you win big. Unlike conventional banks, the way hedge funds operate means that their losses are potentially limitless. So, it seems, are their rewards. Hedge fun...
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