A lot of people on this board slam the label 'orienteering'. Replacing it with something "sexier" is just what we need to grow the sport.
In the investing world, hedge funds are regarded as the smart money (arguable, but let's stipulate that.) Among hedge funds, DE Shaw is one of the most renowned names--and among other things responsible for spawning, or expectorating, Jeff Bezos.
Anyway, you may find it noteworthy that same DE Shaw now owns a certain
trademark.
You think OUSA sanctioning fees are bad? Wait until you have to pay your pound of flesh to the hedgies.
Clearly stocks and bonds and CDOs no longer hold the promise of riches. But, rent seeking from the corpus orienteerum is the strategy for the new decade.
Vamonos.