By Long Short Trader
Sad News out of HF land: Doug Millett, former COO of Kynikos and a veteran l/s, lost a battle with cancer this pm. A nice man, RIP.
— Roddy Boyd (@BoydRoddy) September 22, 2013Consistency is what makes the top 50 best-performing hedge funds so strong
Every month and quarter, multiple reports on average hedge fund returns are released from several sources. However, it can be difficult to sift through the many returns to uncover the most consistent hedge funds. The good news is that Eric Uhlfelder recently released his "2022 Survey of the Top 50 Hedge Funds," which ranks the Read More
“In several phone calls Jim Chanos and his chief operating officer Doug Millett, pitched her (Bethany McLean) the Enron story. The company, they said, was nothing more than a hedge fund sitting on top of a pipeline. But despite having the risks of a high-stakes trader, it had the returns on investment of a car company.” – Conspiracy of Fools, a True Story
” ‘I had been in touch with Doug Millett, who worked for James Chanos.’ She (Bethany McLean) reported that Millett suggested she look at Enron’s financial figures.” – The Inside Stories of Modern Political Scandals
“in the memorable words of Doug Millett, Kynikos’ chief operating officer–it simply didn’t make very much money.” – Why Enron Went Bust Start with arrogance. Add greed, deceit, and financial chicanery. What do you get? A company that wasn’t what it was cracked up to be. http://money.cnn.com/magazines/fortune/fortune_archive/2001/12/24/315319/index.htm
I’m told by a gentleman familiar with Doug Millett, that Millett also helped uncover many other frauds, fads and failures, especially of the dot com variety.
Rest in peace.