Baby Donald Trump Launching An Indian Real Estate Fund

Posted by John Carney, Jul 22, 2008, 3:39pm

Donald Trump Junior.jpgThe son of Donald Trump is also called Donald Trump, and now he is following his father's footsteps by attaching his name to a financial company that will speculate on real estate. Two years ago, Donald Trump launched a mortgage company that would focus on luxury properties. It failed dramatically when the housing market crashed. Now Bloomberg is reporting that Junior Trump is planning on launching a "hedge fund" that will invest in property in India.

Trump mortgage turned out to be a company that was run by a shifty chief executive and had very little to do with anyone called Trump. The Donald Senior had licensed his name out to the company but had little role in management--a fact that no-one knew until it failed.

So will The Little Donald be running a hedge or just attaching his name to it? It's not clear right now. What is clear is that he intends for the fund to invest money in the same way that Trump Mortgage did--specializing in high end properties. Others who are looking to invest in real estate in India? Oh, right. Those real estate savvy folks over at Lehman Brothers.


Trump Jr. Plans $1 Billion Fund for Indian Property [Bloomberg]

0Recommend this! 29Comments
Posted in: Real Estate
Tags: Donald Trump, Donald Trump Jr, India

Comments

1

Posted by guest, Jul 22, 2008 3:58PM

what do you hedge real estate with.. so as to call yourself a hedge fund?

short case-schiller india?

2

Posted by guest, Jul 22, 2008 3:59PM

I will only listen to Ivanka

3

Posted by guest, Jul 22, 2008 4:02PM

The same indices Paulson used although I suspect the charter member of the lucky sperm club and future head of the Hair Club for Men (Donny Jr.) is just using the term hedge fund because its the thing to do if you are a complete blowhard wanna be (Sam Israel).

4

Posted by guest, Jul 22, 2008 4:05PM

The real question is what bird will be their mascot

5

Posted by guest, Jul 22, 2008 4:08PM

Fatso.

6

Posted by guest, Jul 22, 2008 4:09PM

@3:58 - The article doesn't mention "hedge", that was an addition by Carney. However, it's not hard to come up with some top-level hedges - Commercial Property Derivatives are alive an well outside the US, just as a start; India has a REIT structure, the Bombay exchange has a realty index, etc...

7

Posted by StMarc, Jul 22, 2008 4:12PM

Sell India. Sell NOW.

M

8

Posted by guest, Jul 22, 2008 4:21PM

Too late dude. Its already sold :)

9

Posted by guest, Jul 22, 2008 4:21PM

saw donny out at michael mccarty's in PB in April. Was actually NOT behaving like a douche at all. Seriously- kept to himself...

10

Posted by guest, Jul 22, 2008 4:35PM

@ #9

I'm calling bullshit. With genes like his it would be impossible for him not to be a complete douche.

11

Posted by guest, Jul 22, 2008 4:42PM

seriously- I was shocked. Futhermucker is TALL too, so is his chicka...

12

Posted by guest, Jul 22, 2008 4:43PM

Nope. Went to college with D Jr. He is a total douche, even worse than his dad since his inflated self-regard is totally sincere.

13

Posted by guest, Jul 22, 2008 4:47PM

He has to have a chode

14

Posted by jerrydill, Jul 22, 2008 4:53PM

Wow! Following in father's footsteps. Must be nice to start up and run a company completely off of your father's name and wallet. Must feel like a lucky kid. Wish I could do that...

15

Posted by guest, Jul 22, 2008 4:58PM

Of course, it makes perfect sense to be buying real-estate in a declining market in an economy beset with high inflation and political instability.
You missed the bandwagon by about 3 years DT...

16

Posted by Anal_yst, Jul 22, 2008 4:59PM

@ 14

If he were truely following in father's footsteps, he'd find some virtually impossible-to-lose-money business, and subsequently run it into the ground over-and-over ad nauseum

17

Posted by guest, Jul 22, 2008 5:26PM

Can't make hedge fund economics work with RE. RE has to be done in a PE style fund. Just a stupid ploy to trump up marketing efforts - no pun intended.

18

Posted by guest, Jul 22, 2008 5:26PM

Can't make hedge fund economics work with RE. RE has to be done in a PE style fund. Just a stupid ploy to trump up marketing efforts - no pun intended - which probably violates securities laws.

19

Posted by guest, Jul 22, 2008 6:01PM

Trump has to be one of the worse businessmen I've ever seen. Kudos for establishing the last name as a brand (which probably has more to do with the people that work for him), but he has very little sense when it comes to business or his image.

For those that give him credit, keep in mind his father was the real-estate multi-millionaire that actually established the family business.

20

Posted by guest, Jul 22, 2008 6:05PM

@14: How is this any different than what his dad did? The Donald's dad, Fred Trump, built something like half of the houses in Brooklyn and Queens. The only thing that Donald Trump did was take his dad's money and buy property in Manhattan during the 70s when nobody could get financing and the city was a dump.

21

Posted by beentheredonethat, Jul 22, 2008 7:16PM

@6:05
Absolutely correct. Fred Trump built high quality middle class housing in Brooklyn & Queems from the 40's to the 70's. Donald grabbed the assets of the bankrupt Penn Central railroad, which gave him the real estate now occupied by the Grand Hyatt (adjacent to Grand Central), Trump Tower @5th&57th, and the railyards on the UWS which is now riverfront property. What most people don't understand is Donald Trump is more a marketing guy than an equity investor. There are a ton of buildings/projects that bear his name for which he is paid a licensing fee. He often has little or no equity in these deals. He ain't nearly as rich as he brags to be. And as to the casinos, well, we all have our dogs in the porfolio.

22

Posted by guest, Jul 22, 2008 9:02PM

I'm still trying to figure out what PB stands for, other than Pottery Barn.

23

Posted by Joseph di Jersey City, Jul 22, 2008 9:18PM

#21 I agree, Trump is all about marketing and one must admit that there are more than enough douchebags in this town who think living in a Trump labeled building is "status" so it has worked for him. From what I've heard first hand, he is also pretty good at operating his properties (including the middle income ones in the boroughs), something he no doubt learned from his dad. I suspect that having a large, cheaply bought, NYC real estate portfolio (and its cash flow) handed to you is something that would have been difficult to screw up. I can't think of a business that he has attempted beyond real estate marketing and operations (e.g. casinos, mortgage brokerage, Trump University) that has been much of a success and his son seems ready to follow in his footsteps.

24

Posted by guest, Jul 22, 2008 9:39PM

Watch out for the Trumps. They tend to sell at the higest bidders. Jr will sellout to the chinese:

http://www.comicssherpa.com/site/feature?uc_comic=cszpe

pf

25

Posted by guest, Jul 22, 2008 10:03PM

Junior looks kind of like that lip pouty, puckered dog judge on "Groomer Has It."

26

Posted by NotNasser, Jul 22, 2008 10:48PM

"Must be nice to start up and run a company completely off of your father's name and wallet. Must feel like a lucky kid."

Maybe some day we'll test whether that's a good way to choose a leader for a country.

Um ... scratch that.

27

Posted by guest, Jul 23, 2008 12:51AM

bad timing - the indian real estate is headed for a crash/correction.

28

Posted by guest, Jul 23, 2008 7:03AM

@9:02 - Palm Beach

29

Posted by guest, Jul 27, 2008 11:58PM

even DT's marketing efforts are are faltering....

http://tampabay.bizjournals.com/tampabay/stories/2008/06/02/daily43.html

Post Your Comment