Hedge Fund Mogul Adds Helicopter To The For Sale List {Luxist}

Aug 25th 2007 12:03PM About 3 years ago I interviewed for the job as GC of Devaney's then-new hedge funds. He took me out on Positive Carry, along with a pro basketball player who was a prospective investor. Devaney told me he expected returns of 40% a year. When I nearly laughed at the presumptuousness of his prediction, he asked me what was so funny. He struck me as an over-confident fool. Two years ago, I figured it wasn't a question "if," but "when" he would implode.