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Arpad Kelemen, PhD - University of Maryland School of Nursing -... nursing.umaryland.edu |
Arpad A. Busson (known as Arki; born 27 January 1962) is a London based French financier in hedge funds.[1]
[edit] BiographyBusson was born in Africa. His father, Mr. Pascal Busson, was a former African army officer and Algeria veteran, and later a dustman turned financier. His mother, Florence "Flockie" Harcourt-Smith, was an English former debutante. His parents met in Paris and named their son after the mysterious Hungarian-born banker Árpád Plesch [1] (1889 - 1974), who was not only Florence Busson's stepfather (he was the second husband of her mother, Marysia Ulam Krauss Harcourt-Smith), but also her stepgrandfather (Plesch's first wife was his second wife's mother, Leonie Ulam).[2] Plesch also was a mentor to Italy's richest man, the late head of Fiat, Gianni Agnelli.[3] Busson's aunt, Joanna Harcourt-Smith, was a companion of Timothy Leary.[2] Growing up in Africa, some sources have suggested that Busson made early profits selling toothpicks door-to-door (which he denies),[4] but he was educated in France and at the Institut Le Rosey in Switzerland. He then served national service as a nurse in the French army, where a friend said: "He loved the discipline of the army - it was the making of him."[5]. On being demobilised, Busson luxuriated in the Riviera life, enjoying a well-publicised relationship with the actress Farrah Fawcett and appearing regularly in the tabloid gossip columns. As he often refuses to give interviews, stories surround Busson - the story about Fawcett is that he masqueraded as an Italian prince on the French Riviera where he wooed Fawcett away from Ryan O'Neal. The story is only partly true, in that it was perpetuated by the gossip columnist "Taki" as a sort of in-joke: Taki knew Busson's mother, who was friends with Fawcett; Busson's father often met Fawcett at dinner parties.[4] [edit] Finance careerBusson then started to make a good deal of money after he studied how to invest on behalf of others. [6] Busson entered the world of hedge funds in 1996 working in Paris for Bernard Loze. Then Employed as marketing representative by Paul Tudor Jones’s fund Tudor Investments. Busson set up EIM in 1992 to help manage assets for his wealthy clients. In 1995, EIM had just seven employees with $100 million under management. Today Busson now employs 172 people around the world at EIM. The fund has $12.5 billion under management. On average, EIM's portfolios have generated gross returns of just under 12 per cent annually over the past decade. The firm distinguishes itself from its rivals by offering investors a bespoke service, creating tailor-made portfolios for clients to suit their risk appetites. EIM has offices in several cities, including New York, Gibraltar, Nyon, and Singapore. On December 8, 2008 EIM was reported as being a victim of Bernard Madoff's ponzi scheme scandal, with assets of $230 million under Madoff's management.[7][8] [edit] ARKMain article: Absolute Return for Kids Busson is the co-founder of the children's charity ARK (Absolute Return for Kids) and serves as chairman of its board of directors. ARK raises charitable contributions from the hedge fund industry for children who are victims of abuse, disability, illness and poverty.[9] Its activities include treating AIDS victims in Africa, taking children out of care in Bulgaria and Romania and developing educational opportunities for disadvantaged children in India.[4] It also operates six academies in London, through its subsidiary charity ARK Academies.[10] Busson says of ARK: "If we can apply the entrepreneurial principles we have brought to business to charity, we have a shot at having a really strong impact, to be able to transform the lives of children."[3] [edit] Personal lifeBusson lives in a £10m (US$20 million) mansion in Chelsea, as well as a villa in the Bahamas. Busson socialises with Madonna and Guy Ritchie.[3] Busson had two sons by his relationship with the model Elle Macpherson, Arpad FrankAlexander Busson and Alex Cylon Andreas Busson. The couple got engaged on the announcement of Macpherson's second pregnancy in August 2001. Alex Cylon's birth in February 2003 led to tensions, with Macpherson booking herself into Arizona's exclusive Meadows Institute, where she was treated for alcoholism and anorexia.[11][12] The couple parted in July 2005, and issued a joint statement: "Whilst remaining the greatest of friends, we have decided to spend some time apart to consider our future. We have had, and in many ways continue to have, a wonderful relationship, which has produced two beautiful children. There is no third party involved."[11] According to Macpherson, Busson is so devout a Catholic he decided he couldn't marry a model, despite having two children with her out of wedlock and despite Macpherson herself being Catholic. Busson is engaged to the twice divorced, Hollywood actress Uma Thurman.[13] In 2006, Busson was voted the seventy-ninth most wanted person at a party in Nigeria, according to Tatler magazine - while Macpherson was voted in at ninety-ninth.[14] [edit] References
[edit] External links
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