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Supposedly Google already has an internal "hedge" fund to manage its cash reserves. http://www.fool.com/investing/general/2010/06/07/google-the-hedge-fund.aspx
by kqr2 16y ago
Supposedly Google already has an internal "hedge" fund to manage its cash reserves.
http://www.fool.com/investing/general/2010/06/07/google-the-hedge-fund.aspx http://www.fool.com/investing/general/2010/06/07/google-the-...
Also:
Sergey Brin, Google’s co-founder, once said the company should start a hedge fund because it had so much information. But Eric Schmidt, Google’s chief executive, reportedly responded, “Sergey, among your many ideas, this is the worst,” since the company would face serious legal problems in starting a hedge fund.
http://dealbook.blogs.nytimes.com/2010/03/22/google-is-now-searching-for-bond-traders/ http://dealbook.blogs.nytimes.com/2010/03/22/google-is-now-s...
- bfung 16y agoWhat kind of legal problems would be too serious to stop Google from doing it? They already do it to some extent...
- stephenjudkins 16y agoThe difference is that they're only managing their own money. The implication of "running a hedge fund" is that you're managing outside investors' money. I imagine that with that comes an onerous set of regulations.
- swombat 16y agoConsidering their "own money" is more than most hedge funds ever get to manage, that's probably enough to return some very good profits...
- ctkrohn 16y agoCalling it a "hedge fund" is a bit of a stretch, but they do have a treasury department for managing their cash. They post job listings periodically.
- arethuza 16y agoJust about every sufficiently large company will have a treasury department to act as an "internal bank" - managing the actual cash of a company. Some of the things they do are quite cool - I thought zero balance sweeping was a particularly neat trick when I heard about it.