| | | More The Big Short, here's the trailer.
youtube.com
I never met Mike, but I did talk to him several times, back when he was starting up his hedge fund, and was looking for, essentially, seed money. He had assets under management of just a few million.
I was board treasurer of a small NFP, we were looking for alternative asset classes. i pitched Scion Capital hard for a small percentage of our assets, I was so very impressed with Mike's acumen. He was scheduled to fly in to pitch the board. He had to cancel - in retrospect, I think he may have not been too keen with the "dog and pony" process.
My pitch (back then he had I think a 250K minimum) failed by one vote. In retrospect, even if we had bought in, I think the lack of transparency, and the nature of his investments (i.e. the sub prime/housing derivatives) probably would have made it difficult to hold on to the investment, given the group's conservative nature. As I understand it, he was deluged by calls from investors about the derivatives in the portfolio. I think that will probably come out in the movie.
Never did I think this Vanderbilt Doctor would become the subject of a movie.
Do we know what Mike is up to now? |
|
