Hedge Fund Tidbits

WIRED has a brief interview with Peter Thiel, co-founder of Paypal who runs Clarium Capital. Over at Bloomberg Katherine Burton (author of Hedge Hunters) updates us on Steven Cohen, whose track record, art collection and fee structure must be the envy of many.

Spain's Mess Explained

Prof Paul Krugman has an excellent summary of Spain's woes. He does not sound too optimistic "Spain now seems doomed to suffer years of grinding deflation and high unemployment" but affirms the Euro is here to stay "Am I calling, then, for breakup of the euro. No: the costs of undoing the thing would be immense and hugely disruptive. I think Europe is now stuck with this creation, and needs to move as quickly as possible toward the kind of fiscal and labor market integration that would make it more workable.

But oh, what a mess."