Sunday, 21 September 2014
Last updated 1 day ago
Jun 25 2012 | 1:44pm ET
Former hedge fund manager Daniel Shak has sued his ex-wife over her impressive collection of designer shoes.
The SHK Management founder, who last year pulled the plug on his hedge fund, is demanding an accounting of Beth Shak's 1,200-pair-strong collection, which he says could be worth about $1 million. If it is, he says he's entitled to 35% of the value, hundreds of thousands of dollars.
The Shaks divorced three years ago. But in Daniel Shak's filing, in suburban Philadelphia, he said it wasn't until last summer that he "became aware that Beth owned and failed to disclose an extensive… collection of Christian Louboutin shoes… and other high-end designer shoes and bags."
"Dan trusted his wife and was not inspecting his home to try to find inventory or 'secret rooms.'"
Beth Shak, who has a tattoo of a Louboutin stiletto, told the New York Post that she's "shaking her head" over the claims.
"He is saying he didn't know the closet in our master bedroom existed," she said.
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.