Saturday, 20 September 2014
Last updated 14 hours ago
Jun 3 2010 | 7:51am ET
Famed short seller Jim Chanos is going long—on lunch that is.
The chief of hedge fund Kynikos Associates has paid $5,000 for the privilege of having lunch with Countess LuAnn de Lesseps, according to the New York Post, all to benefit the charity Miracle House. But there is apparently a catch—Chanos has requested that the countess wear the uniform of her former job—that of a nurse.
"He said most of the boys in the crowd were impressed by the countess' title, but for heterosexual males, the nurse part was more exciting," a source told the tabloid.
Chanos reportedly also paid $70,000 for some Damien Hirst china plates at the auction. No news on whether his lunch with the 'nurse' cum tv personality (she is also on the Real Housewives reality series) will be served on said plates.
UPDATE (6:45pm): One reader just sent us this, um, interesting clip of a music video starring Chanos' date -- it is aptly titled "Money Can't Buy You Class." Yeah, you can say that again!
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.