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Article: Hedge fund manager invests in his funny bone.(Business Report)
- Article from:
- The Star (South Africa)
- Article date:
- August 13, 2008
CopyrightCOPYRIGHT 2008 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BYLINE: Bryan Keogh
"A hedge fund is like a mutual fund on steroids," said Shoval, who manages $260 million (R2 billion) for Ambit Funding. "It's like the Barry Bonds of investments. Barry goes to Mexico for his juice. We go to the Cayman Islands."
The line drew a smattering of laughs from the audience, highlighting the challenge Shoval faces delivering hedge fund humour to a crowd used to wisecracks about sex and race.
The 31-year-old hedge fund manager started his stand-up career in January, taking private and group lessons that have cost about $3500 (R27 000).
By humbling himself at open-mike shows, Shoval said, he hoped he'd learn ...