Tuesday, 23 September 2014
Last updated 6 hours ago
Sep 28 2012 | 11:49am ET
Nothing, apparently, is too good for Crispin Odey's chickens.
The billionaire founder of Odey Asset Management is building a £130,000 (US$210,000) chicken coop at his country estate in Gloucestershire. The coop will be about the size of a modest London apartment at 775 square feet—30% larger than originally planned—but will be rather more grand than a one bedroom in Bethnal Green.
No wood-and-chicken-wire edifice for Odey's fowl: The coop is designed to look like a Palladian temple, with a zinc roof topped by a Greek-style acroterion, pediment, frieze, cornice, columns, pilasters and plinth. The pediment, cornice and frieze will be made of English oak; the columns, pilasters and rusticated plinth of sandstone from the Forest of Dean, where Odey's Eastbach Court is located, about 125 miles from London.
"Whilst it could be considered that the design and materials are rather grandiose for its purpose of a chicken house, it is nevertheless judged that the building is still modest in size… and is in-keeping with the character and appearance of the listed building and other curtilege-listed outbuildings," the planning proposal says.
Odey's modern-day folly—albeit one with a practical use—will sit on a hillside about the hedge fund honcho's mansion, and will share that house's Hague Blue color scheme for its doors.
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 McKitich, CIO of Petty 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…
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.