Nick Maounis's old hedge fund might've gone under because he hired a Canadian (who failed to effectively manipulate the natural gas market) but I think this time he's got it figured out. Maounis has reportedly scored Peter Chung to run a credit book for his new venture, Connecticut-based Verition Fund Management. Chung comes from Highland Capital, and previous to that, the Carlyle Group, where he was working when he sent out that colorful email to his friends referring to himself as King Chung, and describing the apartment he was staying in while in Seoul for business thusly:
[It's a] brand new 2000 sq. foot 3 bedroom apt. with a 200 sq. foot terrace running the entire length of my apartment with a view overlooking Korea's main river and nightline. Why do I need 3 bedrooms? Good question, the main bedroom is for my queen size bed, where CHUNG is going to fuck every hot chick in Korea over the next 2 years (5 down, 1,000,000,000 left to go) the second bedroom is for my harem of chickies, and the third bedroom is for all of you fuckers when you come out to visit my ass in Korea.
We hear that while Chung is said to be a brilliant businessman who's had considerable success since being dismissed from Carlyle, it was his proven track record with the ladies that sealed the deal for Maounis, who's had some difficulties in that department since AA went under.
I know I was a stud in NYC but I pretty much get about, on average, 5-9 phone numbers a night and at least 3 hot chicks that say they want to go home with me every night I go out...what can I say...live [sic] is good...CHUNG is KING.
Obviously we're thrilled for them both, though our excitement was slightly dampened when we received an anonymous tip that Brian Hunter has been weeping audibly in his office at Peak Ridge Capital since hearing the news. Apparently Fish Boy had come to grips with the fact that Maounis wasn't going to offer him another job, but he'd been holding on to the pipe dream that he'd at least be brought back into the fold as a wingman.
Amaranth founder teams up with "King Chung" for new firm [American Madness]
Chung King [Snopes]
Posted by guest , May 16, 2008 1:34PM
Hunter hates the fuck out of Nick, blames collapse of AA on the Nick for not keeping cash handy to meet margin calls. very bad blood.
-- commodities desk
Posted by guest , May 16, 2008 1:39PM
CHUNG blames his one bedroom apartment for the collape of AA. One bedroom is insufficient to contain the CHUNG, as are most pants.
Posted by Anal_yst , May 16, 2008 1:41PM
Can anyone confirm Chung's accounts of Korea(n women)?
Posted by guest , May 16, 2008 1:49PM
Let this be a lesson to you, my chickies. The internet is forever.
Posted by guest , May 16, 2008 2:03PM
@1:34,
only the US treasury kept enough cash to avert that margin call
Posted by guest , May 16, 2008 2:10PM
I've long been a fan of King Chung's email and Amaranth. This is like Reese's cups - bring two great flavors together.
I think Nicky and King Chung will get on fabulously. I've heard it said that Amaranth had a gorgeous receptionist who actually resided in Nick's poolhouse. Word was she had been a dental hygenist before being selected to be Amaranth's receptionist by Nick's wife. This is all second-hand and hearsay, but I've heard it's all true. I'm guessing someone out there can confirm it.
Posted by BSD , May 16, 2008 2:26PM
@2:10 "selected to be Amaranth's receptionist by Nick's wife" - the implications are titillating, please someone elaborate on the menage a trois.
Posted by guest , May 16, 2008 2:50PM
this is great
Posted by guest , May 16, 2008 2:50PM
this is great
Posted by guest , May 16, 2008 2:57PM
If you take the 'a' out of nick's last name, the result is a greek slang word for pu$$y...
Posted by guest , May 16, 2008 3:15PM
I've heard the CHUNG's receptionist's receptionist lives in the first-string receptionists poolhouse.....trumped.
Posted by guest , May 16, 2008 3:15PM
@Anal_yst
Are you incapable of getting laid here?
Posted by guest , May 16, 2008 3:16PM
I've heard the CHUNG's receptionist's receptionist lives in the first-string receptionists poolhouse.....trumped.
Posted by guest , May 16, 2008 3:19PM
@Anal_yst
Are you incapable of getting laid here?
Posted by guest , May 16, 2008 3:20PM
I've heard the CHUNG's receptionist's receptionist lives in the first-string receptionists poolhouse.....trumped.
Posted by guest , May 16, 2008 3:57PM
Keep posting the same comment until you figure it out, dumb@$$.
Posted by guest , May 16, 2008 4:32PM
The AA reception desk(s)--there were two--were staffed by seriously hot girls. In fact, I used to show up early just so I could sit there. Had I known I could get my teeth cleaned too...well.
Posted by guest , May 16, 2008 4:44PM
Is CHUNG the new CHUCK NORRIS?
Posted by guest , May 16, 2008 8:39PM
Sorry to break it to you King Chung, but even after you're done fucking your 1B Koreans, you will still be Asian.
Posted by guest , May 16, 2008 9:34PM
Chung is a CHIMP
Posted by guest , May 16, 2008 9:39PM
Kato Kaelin lived in that poolhouse also
Posted by guest , May 17, 2008 8:20AM
@ 8:39 PM, Sorry to break it to you, but you will never be as white as your sperm.
Posted by guest , May 18, 2008 11:00PM
Don't those emails state somewhere that they are the private communication of the intended parties or somesuch?
Posted by guest , May 30, 2008 3:11PM
I can tell you for a fact that the receptionist living in the pool house is true. AA used to hire receptionists based purely on looks- that was intentionally done.