How a 46-Year Hedge Fund Dynasty Died on Zoom
When operational risk destroys what markets couldn’t touch — a quantitative case study in institutional failure
February 29, 2024. A Zoom call that stunned an industry.
The screen flickered as George Weiss, 81, appeared before his portfolio managers. Tears were visible as he delivered an unthinkable directive to the team managing billions: “Sell. Sell it all.” The fund was closing, he said, near tears, to a group of portfolio managers over Zoom.
With those words, a…
