In the 10-day span that led to the collapse of the firms’ High-Grade Structured Credit Strategies and Enhanced Leverage funds, Mr. Cayne was playing at a bridge tournament in Nashville, without a cell phone or e-mail device, the Journal said.
Insiders also told the Journal that Mr. Cayne would sometimes smoke marijuana at the end of the day during his bridge tournaments. In 2004, following a game of bridge at a Doubletree hotel in Memphis, he shared a joint with a woman in a lobby men’s room, a source told the Journal.
Thursday, November 1, 2007
Some very long knives
out for Jimmy Cayne:
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