Playing the Market
Dallas Mavericks owner Mark Cuban has a new venture: "I've decided to start a new hedge fund. However, this hedge fund won't invest in stocks or bonds, or any type of business. It's going to be a fund that only places bets. A gambling hedge fund.
"It won't be me figuring out what bets to place, or what games to play. This is a fund. I will find the best and the brightest, with a confirmable track record and hire them.
"It's an idea whose time has come." (BlogMaverick.com)
More: "Cuban to gamble on fund that could target racing" (Thoroughbred Times)
Posted by JC, Dec 3, 2004 08:45 AM
