(Bloomberg) -- The two hedge funds that Ralph Cioffi
managed were so hot that some investors had to call a friend at
his firm, Bear Stearns Cos., to get his attention. Cioffi's
employer and associates, dazzled by 40 consecutive months
without a loss for one of the funds, invested at least $35
million of their own money with him.
Cioffi was so successful that colleagues insisted that his
eight-figure compensation placed him among the highest-paid
employees in 2006. Bear Stearns officials and Cioffi declined to
comment.
Read more at Bloomberg Bonds News
managed were so hot that some investors had to call a friend at
his firm, Bear Stearns Cos., to get his attention. Cioffi's
employer and associates, dazzled by 40 consecutive months
without a loss for one of the funds, invested at least $35
million of their own money with him.
Cioffi was so successful that colleagues insisted that his
eight-figure compensation placed him among the highest-paid
employees in 2006. Bear Stearns officials and Cioffi declined to
comment.
Read more at Bloomberg Bonds News
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