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In April, for example, he flew his private jet — a Boeing 737 — to Las Vegas to attend an exclusive gathering of fund managers organized by Drobny Global Advisors, where he mingled with other millionaires amid conversations about such arcane investments as Turkish glassmaking stocks and Brazilian farmland.
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At the Ira Sohn conference, a gathering of hedge fund investors, speculation was rife that Herbalife would be a focus of a presentation by Mr. Einhorn.
Only this week, Stanley Druckenmiller George Sorosos's former colleague and a big cheese in the hedge fund universe in his own right – took to the podium at the annual gathering of the hedge fund glitterati that is the Ira Sohn Conference, to fume about the Fed's policies and disclose that his biggest "currency" allocation is to gold.
The scene where he asks a gathering of Fifth Avenue hedge-fund managers what they would do if they had $50,000 to $200,000 to invest is itself worth the price of admission.
Entitled Winning Moves (a name inspired by chess, so the website image shows a checkmate - but who's being checkmated, eh?), this gathering of "world class funds professionals" will reunite him with Jeremy Paxman, as Paxo will be quizzing selected fatcats and giving a "closing address".
The chairman, Michael E. O'Neill, and other board members "had been mapping out the transfer of power during meetings that occurred, in part, while Mr. Pandit was in Japan last week attending a gathering of the International Monetary Fund and the World Bank," DealBook reports.
For weeks, though, Mr. O'Neill and other board members had been mapping out the transfer of power during meetings that occurred, in part, while Mr. Pandit was in Japan last week attending a gathering of the International Monetary Fund and the World Bank, said the people briefed on the matter, who declined to be named because the meetings were private.
Gekko starts out as a worldly wise observer of the scene, telling a gathering of admiring young hedge-fund operators: "You're all pretty much fucked" and: "I once said greed was good, but now it seems it's legal".
Funds-of-funds are hot.
Podesta probably winced when President Clinton, at a recent fund-raising gathering of American Indians, deplored United States negligence of their rights, adding, "This is the part of the historical legacy we want to be proud of".
In October, at a campaign event in Iowa, O'Malley arrived late to a small gathering of boozy liberals at a fund-raiser for Bruce Braley, the Democratic Senate candidate, who ended up losing by eight points.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com