Bloomberg Businessweek is reporting that Adam Wyden, the 26-year-old son of U.S. Sen. Ron Wyden (D-Ore.), has started a hedge fund in the basement of the senator's DC home.
Adam Wyden told the magazine he does not yet have any employees and has not gotten any money from his father. He's starting with a modest $3 million under management.
"Right now it's just me," Adam Wyden, 26, said [to Bloomberg Businessweek] when reached at the Wydens' house in the Palisades neighborhood of Washington, from where he's been running his $3 million fund since September. "I am the CEO, I am the secretary, and I am the chief marketing officer."