Just had meeting with two Boston based Hedge Fund of Funds companies. One of them is the very best among its peer group. Knowing that Mr. Spitzer scandal is on these day's head lines, I paid attention on the detailed description about the personal background check as part of the HFOFs Due Diligence process on their underline Hedge Fund mangers. It sounded scary and the HFOFs manger will check if a Hedge Fund manager has had DUI, drug abuse, alcoholic history in the past.

After they left our meeting room, I asked my colleagues whether they had drunk drive record, had they used marijuana during their college year. I found out that 2 of us had police tickets of making wrong left turns. One had kindly picked up his drunken buddies in college and was tested by the police.

Never think that you can just do those things for one time and you can get over with it. The professional society won’t forgive you. How many hedge fund managers are there who had tried at least once for drunk drive?