Take a look at full list of Davos 2013 attendees – hedge fund hot shots are among that list.
Take a look at Davos 2013 full list.
Celebrities mingeling with hedge fund titans. Dealbook reported that Jamie Dimon, the chief executive of JPMorgan Chase, clashed with an official of the International Monetary Fund in a debate over the financial system, as Jack Ewing reported in DealBook. In addition, Mr. Dimon tangled with Paul Singer, the head of the hedge fund Elliott Management, over bank transparency.
In response to Mr. Singer’s assertion that it was impossible to know which banks were “actually risky or sound,” Mr. Dimon said, according to The Financial Times: “With all due respect, hedge funds are pretty opaque, too.”
The talk turned to regulation — specifically, limits on proprietary trading, a central aim of the Dodd-Frank Act.
Jamie Dimon was wearing an unusual accessory on Wednesday, as David Enrich of The Wall Street Journal noticed:
The day was full of celebrity-spotting. In addition to the bold-face names in attendance (including Charlize Theron, Derek Jeter and the writer Paulo Coelho) some big financial heavyweights roamed the Congress Hall in Davos.
Daniel S. Loeb of Third Point was spotted standing near Mr. Dimon. Ray Dalio of Bridgewater Associates was “holding forth” about markets, according to Daniel Gross of Newsweek/Daily Beast. Steven A. Cohen of SAC Capital Advisors .
Mr. Enrich snapped a picture of Michael Dell, who is in talks with a private equity backer to acquire his company.
Stephen A. Schwarzman of the Blackstone Group, who once compared the Obama administration’s tax proposals to Hitler’s invasion of Poland (and later apologized), appeared to soften his tone at the forum. “I like President Obama as a person, and he’s well intentioned,” Mr. Schwarzman told Bloomberg TV.
But he made some more pointed remarks in an encounter with Ms. LaCapra of Reuters. Mr. Schwarzman, who was sitting alone at a small table, referred to President Obama as “the guy who forgot to mention the economy after four years as president” in his inauguration speech this week, according to Ms. LaCapra. “That wasn’t an accident,” Mr. Schwarzman said.