How The Hedgies Are Spending Summer

Posted by Bess Levin, Jun 22, 2007, 12:00pm

beach.jpgWhat are hedge fund mangers doing this summer? According to Forbes, buying BMWs in hideous colors (even though the blurb says Aston Martin). They also have plans to spend $82,000 on watches and jewelry, $446,000 on yacht rentals, and $77,000 for luxury spas. Some of them are allotting an average of $96,000 to companies like Blacktomato.com, a firm that creates vacation packages that are off-beat and quirky so that people with no interests can simulate personalities.

These vacays run the gamut, from heliskiing in Chile to anaconda hunting in the Amazon. The firm also offers the option of “BlackBerry-free zone” packages for those who have not yet mastered the On/Off button. For $159,000, Blacktomato.com will send you to Iceland for a two-night stay in an ice house with meals provided by a “top chef” flown in for the occasion. For an extra $250,000 you can light him on fire, though Loeb is reportedly the only one who's shelled out the extra cash for that so far.

How The Hedgies Will Spend This Summer [Forbes]

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Posted by , Jun 22, 2007 12:43PM

uh, check your tomato URL

Posted by oc hedgie, Jun 22, 2007 12:49PM

This summer I will be taking a 2-week sailing excursion to Hawaii and back on my 42' boat, going on a surf trip to Baja, and hanging out at my beach house in Laguna Beach with my girlfriend and assorted bottles of fine whisky.

Posted by , Jun 22, 2007 12:51PM

uh, why would you spend more money on watched and jewelry just because it is summer? isn't this the time of year that there are better things to spend it on like mr oc bigshot suggests? like boating and of course whiskey?

Posted by , Jun 22, 2007 12:55PM

these guys probably cheat on their wives more in the summer, so they have to make it up to them with jewelry.

Posted by , Jun 22, 2007 1:05PM

oh, great point

Posted by , Jun 22, 2007 2:41PM

.co.uk??????

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