How bad is it for hedge fund moguls?

Life is not good for losing hedge fund managers. One of the poster boys is John Devaney, whose United Capital Markets spectacularly blew up, forcing him to sell his yacht and other possessions. He was booed off stage at a recent event, according to the New York Post. Article

Related Articles:
Hedge fund manager hit by fraud
Anti-hedge fund manager bias?
Ex-Citi hedge fund manager blames firm