Hedge Funds

Metzger runs his classroom like a hedge fund


In a Q&A with AR, the former Paloma Partners executive, now a professor of business, continues to worry about hedge fund risk.

Leon Metzger in January 2009 speaking at a House Financial Services Committee hearing on the Madoff Ponzi scheme.
Source: Bloomberg News

Leon Metzger left a high-powered job as vice chairman and chief administrative officer of Paloma Partners in 2006 to become a part-time faculty member at various business schools where he teaches graduate-level classes about how the hedge fund industry operates.

After 18 years at then-$1.6 billion Paloma in Greenwich, Conn., he left amid a sweeping reorganization designed to boost flagging returns following $600 million of redemptions during the previous