While social responsibility hasn’t always been a prominent mantra in the hedge fund space, it is certainly growing in prominence, as Bill Ehrman’s new company, Paix et Prospérité LLC, demonstrates. Ehrman, whose Wall Street career has spanned over 30 years and include time as a partner at Soros Fund Management, chose the name – which translates from French as ‘peace and prosperity’– to reflect the growing importance of honesty, trust and integrity in today’s industry, telling HFMWeek that wealth generation through hedge funds can and should also be a means of doing social good. Variations of the phrase appear in religious texts as ‘live long and prosper’ or ‘peace and long life’ – as well as becoming a fixture phrase in science fiction phenomenon Star Trek. The industry veteran and former partner of George Soros will shortly launch the firm’s debut fund, an equity long/short value strategy, and hopes that Paix et Prospérité will remind people that hedge funds can be about more than simply trading.

1. WHILE SOCIAL RESPONSIBILITY hasn’t
always been a prominent mantra in
the hedge fund space, it is certainly
growing in prominence, as Bill
Ehrman’s new company, Paix et
Prospérité, demonstrates.
Ehrman, whose Wall Street career
has spanned over 30 years and includes
time as a partner at Soros Fund Management, chose
the name – which translates from French as ‘peace and
prosperity’– to reflect the growing importance of honesty,
trust and integrity in today’s industry,
telling HFMWeek that wealth
generation through hedge
funds can and should also
be a means of doing social
good.
Variations of the phrase ap-
pear in religious texts as ‘live
long and prosper’
or ‘peace and long
life’ – as well as
becoming a fixture
phrase in science fic-
tion phenomenon Star
Trek.
The industry veteran and
former partner of George Soros will
shortly launch the firm’s debut fund,
an equity long/short value strategy,
and hopes that Paix et Prospérité will
remind people that hedge funds can
be about more than simply trading. ■
#177PAIX ET PROSPÉRITÉLLC
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WIAN.indd 13 19/09/2013 17:51