Wednesday, 1 October 2014
Last updated 3 hours ago
Jun 22 2011 | 7:32am ET
Got $4.3 million to spare and a hankering for a life (or at least the odd afternoon) at sea? Why not buy Bernie Madoff’s boat?
The “Bull”—a 90-foot powerboat that sleeps six and has a top speed of 42 knots/h—is being offered for sale at the hedge fund industry’s GAIM conference in Monaco. It has clocked about 350 hours of use and has been “continuously and meticulously looked after by the original captain,” reports the Financial Times, citing sales documents.
Proceeds from the sale, like those from previous sales of Madoff paraphernalia, will go to compensate victims of his $65 billion Ponzi scheme.
The paper notes the $4.3 million price tag represents a significant discount for the vessel, due to its links to the convicted fraudster.
Wyles Hardy, the UK-based agent behind the sale, suggests in its brochure that a buyer wishing anonymity could ensure it with “a simple name change.”
To the “Bear," perhaps?
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...