Wednesday, 30 July 2014
Last updated 9 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…