Hedge Funds

Argent chief buys $637,000 pocket watch


What makes the perfect impulse buy for the hedge fund manager who has everything? The answer is a $637,000 pocket watch. Argent Funds Group chief Bruce McMahan bid the winning sum at a Sotheby's auction. But this is no regular time piece. The watch bought by McMahan was the prized property of British war hero Horatio Nelson, who crushed the French fleet at the Battle of Trafalgar in 1805. With the battle's 200th anniversary coming up this month, many feared the Connecticut Yankee would take the watch out of the country. But McMahan, whose firm is opening a