AH, THE grand life of the hedge fund manager: the salaries in the tens, if not the hundreds, of millions of dollars; the mansions in Greenwich; and the ski houses in Aspen.
But there is another other side of the business, one examined by Barton M. Biggs, the former Morgan Stanley strategist and now a hedge fund manager himself, in a soon-to-be published book.
He writes about stressed-out managers struggling to maintain their lavish lifestyles as their funds suffer losses.