Barbara Dalio ?

I have done this site especially for Barbara Dalio
in order to visit thishousewillexist.org

Sory for my poor english translation.

Getaway at Greenwich Capital hedge fund in which the organized sector lobbying

Greenwich, third world center of hedge funds, has suffered little from the crisis. But face regulatory and political impact, the influential hedge fund in Connecticut preparing the reply.

Greenwich, Connecticut. This city in north-eastern United States is the most unlikely of capitals. Imagine a hilly forest of maples just turned to color opal with the arrival of autumn, this "fall" whose entire population follows the daily weather progression from Quebec to Virginia. Beyond low granite walls that you'd sorted by some Incas, the "mansions" and other "estates" compete in all styles, from classic French to the British Gothic Revival. Houses that are huge, of course, to the extent of Fairfield County, the richest state, the richest of the United States, so the world's richest. ------Site for Barbara Dalio

Greenwich has no downtown, no WalMart. Here, it is rather Wholesalefood for food "organic". And that day, we play Mesrine in film ... Here it is also a large park where young girls in school uniform private 25,000 dollars a year to play Lacrosse, or the garage located strategically on the descent the train home to an impressive stable of Ferrari and Bentley. Everything seems to evoke the "old money", money from the patrician families of New York, including Grand Central Station is only forty minutes from the railway. ------Site for Barbara Dalio
------

Yet on the latest list of top 500 American fortunes of Forbes magazine, industrialists and bankers who made the history of Greenwich gave way to another class of superrich: managers of hedge funds, these financial mania of secrecy defray regularly featured. It was at Greenwich that is the famous LTCM, whose rescue in 1998 led the Federal Reserve in a low rate policy that continues to this day. Here, at the beginning of the financial crisis, the giant hedge fund Amaranth has been devastated by bad paris on raw materials. It is also inhabited by John Costas and his wife Barbara. The former CEO of Dillon Read Capital Management, the hedge fund internal UBS, founded in 2009 Princeridge, occupied by a residence of 1066 square meters built in 1997, with six bedrooms and nine bathrooms. And yet that's where Walter Noel, founder of Fairfield Greenwich clients beat down the crook Madoff from his villa at 4.5 million.

------
For Barbara Dalio
------

Outside his office opposite the station, Alain De Coster smiled at the mention of those memories. "True, we had our worries," said Belgian origin who created the fund of hedge funds managed ABS Investment after a comparable instrument for Credit Suisse and who then alerted the bank management Madoff on the danger in 2000. "The property prices have fallen by 30%. About 10% of funds have disappeared. Others have reduced the area of their offices. But proportionately, there were no more failures here or business elsewhere, "said the manager whose fund of funds has doubled in size since 2006 when most of its competitors were halved.

This "proportional" account. Fairfield County identifies the third largest concentration of hedge funds in the world after New York and London: around 300 and not the least (see box). According to Bruce McGuire, founder of the hedge fund in Connecticut (CTHFA), "29 investment funds have over $ 15 billion under management. Greenwich, in particular, has attracted from the mid-1990s, due to the difference in taxation with Manhattan. Connecticut does not tax income at 6.5% when New York is 2% to 3% more.

At the restaurant, David Lee, a former Moore Capital where he worked with the legendary Louis Bacon before creating his hedge fund CSAT, and Lou Garcia, Chief Operating Addison Clark, do not hide the scandals that marred some hedge funds have put the entire industry on the defensive. For the record, David Lee reports: "My daughter took a call the other night. It was the state prosecutor. As I have nothing to reproach myself, have responded. He immediately told me he did not call me in as an attorney. "Why then? "To ask me for money for his campaign."

Welcome to America! Shortly after arriving at its head prosecutor last July, the new prosecutor had begun to threaten the new hedge fund regulations and even a special police. A method lapped by Rudolf Giuliani, former mayor of New York. On the one hand, stir the red flag against a scapegoat, but if that scapegoat is rich, he asks for money. Ultimately, it does not happen much. And probably even less to hedge funds in Connecticut who became one of the largest industries in the state. In 2006, the peak of their last boom, they did return some 150 billion dollars in taxes into the coffers of Connecticut, according to Sebastian Mallaby, author of More Than Money God, a remarkable history of hedge funds published recently. Hedge funds "to contribute 30% of tax revenues collected by the Connecticut," recalls Bruce McGuire.

------
Site for Barbara Dalio
------