Report: Neighbor’s arbitrary and unilateral course of action is probably only exceeded by neighbor’s sense of entitlement

By Bess Levin

hedges-large.jpgTrouble in the Hamptons: Kynikos manager Jim Chanos was forced–forced I tell you– to call the cops on his neighbor a complete egocentric, namely: Goldman MD Marc Spilker- yesterday when a few of JC’s shrubs trades were senselessly torn down front run in an effort on Spilker’s part to create a wider beach path greater returns for Goldman’s flagging Global Alpha.
“My outrage over this arbitrary and unilateral course of action is probably only exceeded by Mr/Mrs Spilker’s sense of entitlement that the four-foot wide path to the beach Global Alpha’s own annualized P&L gain of 5.62% (specified in the local easement papers Global Alpha PPM) ‘was just not wide high enough for us’ as he said when first broaching the subject of arbitrarily widening a path front running a set of trades,” Chanos hissed in email-form to a few friends and Goldman execs. Sealing the note with a kiss, he added: “I hope this is not a harbinger of how other Goldman senior executives may act when the markets become ‘just not lucrative enough for us!’”
Hamptons Hedges Hullabaloo [Portfolio]

Comments (5)

  1. 1
    Posted by Anonymous | June 12, 2007 at 4:49 PM

    what a bunch of whiney bitches

  2. 2
    Posted by you're a sassy one | June 12, 2007 at 4:53 PM

    way to antagonize liam, levin

  3. 3
    Posted by Liam | June 12, 2007 at 5:00 PM

    Very irritating.

  4. 4
    Posted by Anonymous | June 12, 2007 at 5:05 PM

    How is Global Alpha up at all now, it was down like 3.4% through May they must have some huge rate bets on for that kind of movewhat you mean to say and replace with what is wrong? shouldnt it go the other way around, like oops my freudian slip?

  5. 5
    Posted by PS | June 13, 2007 at 5:28 PM

    I smell a Rat – looks like Spilker is being “Swift Boated”….

Leave a comment

You can log in with your account or comment as a guest below.

   or