SHK Founder Sues Ex-Wife Over $1M Shoe Collection

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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...