The site was launched in January of this year, a few days after Dan Ivandjiiski, who lives on the Upper East Side, lost his job at Wexford Capital, a Connecticut-based hedge fund run by a former Goldman trader.I don't read Zero Hedge on a regular basis, but have always found its coverage on commercial real estate pretty solid. While the New York Magazine piece is not the most flattering, personally I find Zero Hedge much more informative than the so called mainstream financial media such as CNBC. I will take Zero Hedge over Maria Bartiromo, Erin Burnett, Charlie Gasparino, Dennis Kneale, etc any given day.
Blogging may seem like an odd career shift for a well-paid hedge-fund analyst, but for Ivandjiiski, it marked something of a return to the family business: His father, Krassimir Ivandjiiski, is a writer and editor at Bulgaria Confidential, a tabloid known for its controversial investigative reporting. In 1996, the elder Ivandjiiski exposed what he said was political corruption and drug trafficking in, of all places, Montana, in a story republished in the U.S. in a shoestring periodical called Free Speech Newspaper.
Another interesting piece of information from the article: Marla Siner, contributor of Zero Hedge, used to write Going Private, one of my favorite financial blogs.
And, Matt Taibbi defends Zero Hedge here.