Economy Blog

I love every aspect of this quaint tale about Canadian hedge fund manager Matthew MacIsaac (MM Asset Management) facing cocaine charges (he was arrested at the end of a six-week investigation known as Project White Rabbit, at a club called the Comfort Zone; the damning bit of a evidence from a “rival” manager that MacIsaac is building a new house with his and her sinks in the master bath) but here’s what I love most: the fact that MacIsaac apparently attempted to “explain” the $600 in his pocket to the police offers on the raid by saying, “I’m a hedge fund manager.” A little bit because (and I could be wrong) I’m pretty sure it’s not illegal to have cash in your pocket, so it sounds like MM folded like a cheap suit even Thain* wouldn’t be caught dead wearing, and a lot a bit because in my mind, it’s the new default excuse everyone can use, for any situation with even the hint of consequence. Just imagine yourself to be one of your favorite hedge fund managers, and respond as they would — as in the examples below.
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