Spitzer Hits Up Union Dominated Pension Funds For Vulture Fund

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Even if the Feds think they have a rock-solid case against Eliot Spitzer, it seems the disgraced former governor doesn’t think he’s going to spend time in the big house. Today we learn from the New York Sun’s Jacob Gershman that Spitzer is looking to launch a fund that would buy up distressed real estate assets.
Save for a few years as a lawyer in private practice, Spitzer has spent most of his adult life as a public servant. His main connection to real estate is his bloodline. His father emigrated from Austria and a became areal estate magnate. So does Spitzer think is going to invest in his real estate vulture fund?
Union dominated pension funds, of course. Spitzer is well connected to several labor unions, and so it was to union officials he turned for financial backing.
Spitzer Mulls Starting Vulture Fund [New York Sun]

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    Comments (13)

    1. 1
      Posted by guest | June 10, 2008 at 2:39 PM

      oh, yeah, he’s gonna get the great paper.

    2. 2
      Posted by guest | June 10, 2008 at 2:57 PM

      How does one emigrate from Austrian?

    3. 3
      Posted by guest | June 10, 2008 at 3:06 PM

      oh! you’re austrian? Well, we’ll throw another shrimp on the barbie for ya~!

    4. 4
      Posted by guest | June 10, 2008 at 3:10 PM

      omg, dying here.

    5. 5
      Posted by guest | June 10, 2008 at 3:30 PM

      “His father emigrated from Austrian”
      Aaah ………..so that was the addition to the World Atlas.

    6. 6
      Posted by HighWaterMark | June 10, 2008 at 3:33 PM

      Worth the click-through… Not only do you learn how much of his old man’s $ he plans to lose per project, but apparantly the europeans are supportive of his deviance

    7. 7
      Posted by guest | June 10, 2008 at 3:36 PM

      The reporter got it wrong. It’s a fund for people looking to have sex with vultures–requires that at least one state line be crossed.

    8. 8
      Posted by Capitalist Infidel | June 10, 2008 at 4:05 PM

      Can I buy shares in distressed hooker assets? Or maybe Collateralized Blowjob Obligations?

    9. 9
      Posted by guest | June 10, 2008 at 4:40 PM

      The market should go contrarian on his holdings so Spitzer > Hunter.

    10. 10
      Posted by guest | June 10, 2008 at 5:28 PM

      He’s buying closed down AMPs in Waterbury CT

    11. 11
      Posted by guest | July 8, 2008 at 3:06 PM

      puke

    12. 12
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    13. 13
      Posted by Kyle Menzer | May 9, 2012 at 11:47 PM

      Wonderful add Matt. Funny enough almost included that stat. It underscores that these are guides only. You will need to identify who you’re after and what their schedule is. For instance, I have had terrific 40-50% email open rates sending Sunday night for a sports resort customer because we recognized many were personal emails and were more most likely to be in the sporty frame-of-mind on the weekend. Established the benchmark along with the standards above. Next one tried Sunday. Worked.

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