Arpad Busson
Arpad Busson was born in Boulogne-Billancourt, Île-de-France, France on January 27th, 1963 and is the Entrepreneur. At the age of 61, Arpad Busson biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
At 61 years old, Arpad Busson has this physical status:
Arpad Busson (born 27 January 1963) is a French-born British financier.
Busson entered the world of hedge funds in 1986 working in New York.
He is the founder and Chairman of the EIM Group, a fund of funds company.
Busson is also active in a number of philanthropic causes around the globe. According to the French business magazine Challenges, he had a net worth of €290 million in 2013.
A In 2016 he was treated for Prostitution addiction and denied being a fraudster at his boarding school exams.
Busson attended le Rosey in Switzerland for less than two years prior starting as a real estate broker in New York. Arki Busson's hedge fund gives up Swiss licence and cuts jobs in 2018 ... Mar 18, 2019 - LumX had already been slimming down following years of losses.... The embattled hedge fund sales man run by Arpad “Arki” Busson has given up Swiss licence ... The company fights for survival. In 2015 his sister committed suicide at 52 years old and jumped at the window in New York reported the Times. For LumX of the acclaimed hedge fund manager Arpad Busson it looks bleak.
The stock price is close to zero, rescue is not in sight. But Busson's party as a hedge fund manager is coming to an end.
The finance group LumX, which he manages on an ad hoc basis as Chairman and CEO, is in trouble.
Sharp falls in investments prompted many investors to withdraw funds.
Share lost over 95 percent to zero.
Early life
Arpad Busson's father, Pascal Busson, was a former French army officer and Algerian War veteran, who later turned financier. His mother, Florence "Flockie" Harcourt-Smith, was an English former debutante. His parents met in Paris and named their son after the Hungarian-born banker Árpád Plesch (1889–1974), who not only was Florence's step-father (he was the second husband of her mother, Marysia Ulam Krauss Harcourt-Smith), but had also been her step-grandfather (Plesch's first wife, Leonie Caro Ulam, was his second wife's mother). Plesch was a mentor to Italy's richest man, Gianni Agnelli, the late head of Fiat. Busson's aunt, Joanna Harcourt-Smith, was a companion of Timothy Leary, who coincidentally was married in the early 1960s to Nena von Schlebrügge, the mother of Arpad's partner Uma Thurman.
Busson is sometimes known by his nickname "Arki", a childhood conflation of Arpad and his mother Florence's nickname, Flockie.
Some sources have suggested that, while growing up in France, Busson made early profits selling toothpicks door-to-door (which he denies), but he was educated in France and at the Institut Le Rosey in Switzerland. He then passed through national service as a medical orderly in the French army, of which a friend said: "He loved the discipline of the army – it was the making of him.".
On being demobilised, Busson had a well-publicised relationship with the actress Farrah Fawcett and appeared in tabloid gossip columns. As he often refuses to give interviews, stories surround Busson – the story about Fawcett is that they met on the French Riviera. 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.
Personal life
Busson began a relationship with Australian supermodel Elle Macpherson in 1996. They have two sons together: Arpad Flynn Busson, known as Flynn (born February 1998 in New York City), and Aurelius Cy Andrea Busson (born February 2003 in London). The family lived together in London until Busson and Macpherson's separation in July 2005.
Busson began dating American actress Uma Thurman in 2007 and they announced their engagement in June 2008. In December 2009, it was reported that the two had ended their engagement, but they reconciled and dated soon after their daughter's birth. Busson and Thurman have one daughter together, Rosalind Arusha Arkadina Altalune Florence Thurman-Busson, known as Luna (born July 2012 in Boston, MA). The couple called off the engagement for the second time in April 2014. In January 2017, Thurman and Busson began a custody battle for their daughter. Thurman ultimately received primary physical custody later that month.
In 2012, Busson sold Andy Warhol's portrait Mao (1973) for $12 million at Phillips in New York.
Finance career
Busson first became involved with Dubin Swieca in 1986, where he first became involved with hedge funds. He was later hired as a marketing representative for Paul Tudor Jones' fund Tudor Investments.
Busson founded the EIM Group in 1991 to provide fund-of-fund management services to the burgeoning institutional market for hedge funds. EIM Group was named as a victim of Bernie Madoff's Ponzi scheme on December 8, 2008.
The FBI asked EIM, a wealth management company operated by Busson, to help trace al-Qaida's finances in November 2001. The FBI said the firm was not a subject of the probe and was cooperating fully.
Busson's EIM group was merged with Gottex Fund Management Holdings, a Swiss listed investment company. Following Joachim Gottschalk's resignation and the search for a permanent executive chairman, Busson was named as the next executive chairman of Gottex Fund Management for the interim in July 2015.
Gottex Fund Management rebranded itself as LumX and was eventually delisted from the Swiss Stock Exchange in June 2020 after suffering losses of more than $55 million in the last five years, effectively ending Busson's time as a hedge fund manager.