Aspiring Hedge Fund Hotspot Bares Its Teeth

Feb 19 2010 | 9:25am ET

At least one high-profile hedge fund manager is known to have paid top dollar for one shark. And one property developer is hoping that selachimorphaphilia is a widespread characteristic of hedge fund managers.

Heron International is hoping to lure hedge funds across London from their longtime base in Mayfair to its new skyscraper in the City. So the Heron Tower, which is set to be completed in a year on Bishopsgate near Liverpool Street Station, will have its own shark.

But unlike Steven Cohen’s shark—a Damien Hirst objet d’art floating in formaldehyde currently on display at New York’s Metropolitan Museum of Art—Heron’s will be very much alive. The 1.2-meter-long shark will reside in a 70,000 liter aquarium, alongside some 1,300 fish.

“It will have a real wow factor,” Peter Ferrari, co-managing director of Heron, told Financial News.

Heron isn’t saying anything else about the shark, other than to assure that it will not be a Great White. Cohen’s shark is a 13-foot-long tiger shark.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...