There’s No Crying in Hedge Funds (or, There Shouldn’t Be)

New York Magazine- Poor Mark Fishman. His Stamford-based hedge fund, Sailfish Capital Partners, exploded spectacularly last month, culminating in an ugly shouting match between Fishman and his founding partner, Sal Naro, and the loss of billions of dollars. ("It’s basically mayhem,” one insider told FinAlt at the time.) Bummer, yes. But did the former SAC golden child have to cry about it, in public? Quoth the Gray Lady:

On Monday Mr. Fishman, 47, sat in the paneled Princeton Club of New York, explaining what it was like to battle the markets—and lose.

“It feels like someone has died,” Mr. Fishman told The New York Times, his eyes welling up. “We’ve disappointed people, and there is no one more disappointed than me.”

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