Hedge Funds

Pickens at Del Mar racing opener


Oil baron and hedge fund manager T. Boone Pickens was on hand for the season opener of San Diego's Del Mar race track. The head of Dallas-based BP Capital watched the ponies from the exclusive "director's club" vantage and placed bets on a horse named Global Trader. Pickens may be a better stock picker than gambler, as Global Trader snuck in a distant third in the race. But the company was good. The crowd included Ed McMahon as well as Warren Moon, who was inducted, a few days later, into the Pro Football Hall of Fame.