The Quantitative, Data-Based, Risk-Massaging Road to Riches - New York Times [clip-h]

Thought this was an interesting in relation to Yale, Goldman Sachs, and
Quantitative modeling. Looks like the Yale finance people -- in particular,
David Swensen -- are pretty good at this!

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http://www.nytimes.com/2005/06/05/magazine/05HEDGE.html?ei=5070&en=ca0716102
0116727&ex=1127707200&pagewanted=print

June 5, 2005
The Quantitative, Data-Based, Risk-Massaging Road to Riches
By JOSEPH NOCERA

Clifford Asness is probably going to be annoyed when he sees that this
article begins with a discussion about how much money he makes, but there's
no way around it. Asness is a very successful hedge-fund manager, and very
successful hedge-fund managers make stupendous amounts of money, even by
Wall Street's extravagant standards. And in the public mind, their
staggering compensation tends to overshadow pretty much everything else.
''Filthy Stinking Rich'' was New York magazine's unambiguous take on the
hedge-fund phenomenon some months ago. Last month, in its survey of the
best-paid hedge-fund managers, Institutional Investor's Alpha magazine
reported that the average pay for the top 25 hedge-fund managers was an
astounding $251 million in 2004. Asness himself has written, in one of his
better lines, that hedge funds ''are generally run for rich people in
Geneva, Switzerland, by rich people in Greenwich, Conn.'' .....