This Hedge Fund Made 43% Returns Last Year—the Hard Way
- Firm’s European equity fund posted return of 43% last year
- Ex-Goldman banker Umek targets institutional, retail clients
A pedestrian walks past the the Wiener Boerse AG stock exchange building in Vienna.
Photographer: Akos Stiller/Bloomberg
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Former Goldman Sachs Group Inc. investment banker Klaus Umek has a simple strategy for his hedge fund: seek out complex investments.