Tuesday, 3 March 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…