Proof The Recovery Is For Real

Maltese Falcon.jpgTwo critical questions about the economic recovery can now be put to rest: (1) is the consumer back and (2) are government policies having an impact. The answer to both questions can be found in 290 feet of opulence otherwise known as the world’s largest sailing yacht, the Maltese Falcon. After months of rumor and speculation, we now have confirmation that, after parting with $120 million, one lucky individual can now sail the seven seas in style. So who has a cool $100 mil to throw down on a yacht like this in the current economic climate?

Wealth Report can now confirm an unsourced report on Yachtpals, that the buyer was Elena Ambrosiadou, founder of the hedge fund Ikos Partners.

Media reports from 2008 say the Greece-born hedge funder was the highest paid woman and wealthiest female entrepreneur in Britain. The British press estimated her net worth last year at 200 million pounds ($327.5 million), though she is probably worth far more if she could afford to plunk down $120 million for a boat.

But tales of UK-based hedge fund managers buying massive yachts are exactly what British regulators have heard enough of. They plan to send the message loud and clear that funds in the UK are going do their part to clean up the current mess through higher taxes. That way, people like Ms. Ambrosiadou will learn a valuable lesson.

She recently moved her fund to Cyprus, according to press reports, to avoid Britain’s new tax increase and rules for nondomiciled residents.

Lesson learned.

Hedge Funder Buys World’s Largest Sailing Yacht [WSJ]
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Comments

1

Posted by Anal_yst , Oct 29, 2009 2:36PM

This sale closed this summer, fyi, original ask was E120mm. What these people don't know is that perkins was offering to finance a big chunk of the deal at attractive terms. I'd tell you more but then I'd have to kill you.

2

Posted by guest , Oct 29, 2009 2:38PM

Greg, this post would be better if you photoshopped a for sale sign in front of the boat. Oh, and if someone else wrote it.

3

Posted by guest , Oct 29, 2009 2:41PM

@Anal,
please do it and spare us the misery that are Greg's posts.

4

Posted by guest , Oct 29, 2009 2:42PM

Bitch

-Alicia Wetmore

5

Posted by guest , Oct 29, 2009 2:43PM

The sails looks like thin ceramic.
What's going on?

6

Posted by guest , Oct 29, 2009 2:45PM

In Cyprus, anus bleaches you.

-Yorba

7

Posted by guest , Oct 29, 2009 2:45PM

Isn't the guy from Klein Perkins who that build that thing?

8

Posted by guest , Oct 29, 2009 2:49PM

Greg -
You should move to Cyprus and become the boy toy of a hairy Greek Stud. And eat falafels until you puke.
Zero Mostel

9

Posted by Anal_yst , Oct 29, 2009 2:50PM

@5

probably lighting. The sailing system is pretty awesome on the Falcon though.

10

Posted by Anal_yst , Oct 29, 2009 2:53PM

@7

Tom Perkins, yup. www.symaltesefalcon.com or, if you're that lazy, www.justfuckinggoogleit.com

11

Posted by guest , Oct 29, 2009 2:59PM

I am offering my ship, the Millenium Falcon for $125m. She made the Kessel run in under 12 parsecs.

Call me.

H. Solo

12

Posted by guest , Oct 29, 2009 3:06PM

@11 - I don't believe you.

Greg

13

Posted by guest , Oct 29, 2009 3:07PM

Elena Ambrosiadou is a shitheel.

14

Posted by guest , Oct 29, 2009 3:08PM

My offering my ship for 50,000 a day, I call it the cream rocket

15

Posted by guest , Oct 29, 2009 3:11PM

Nice dinghy. My yacht is way bigger.

16

Posted by guest , Oct 29, 2009 3:13PM

Greg's theme song:

In the time of chimpanzees I was a monkey
Butane in my veins and I’m out to cut the junkie
With the plastic eyeballs, spray-paint the vegetables
Dog food stalls with the beefcake pantyhose
Kill the headlights and put it in neutral
Stock car flamin’ with a loser and the cruise control
Baby’s in reno with the vitamin d
Got a couple of couches, sleep on the love-seat
Someone came sayin’ I’m insane to complain
About a shotgun wedding and a stain on my shirt
Don’t believe everything that you breathe
You get a parking violation and a maggot on your sleeve
So shave your face with some mace in the dark
Savin’ all your food stamps and burnin’ down the trailer park

Yo. cut it.

Soy un perdedor
I’m a loser baby, so why don’t you kill me?

(double barrel buckshot)
Soy un perdedor
I’m a loser baby, so why don’t you kill me?

Forces of evil on a bozo nightmare
Ban all the music with a phony gas chamber
’cuz one’s got a weasel and the other’s got a flag
One’s on the pole, shove the other in a bag
With the rerun shows and the cocaine nose-job
The daytime crap of the folksinger club
He hung himself with a guitar string
A slab of turkey-neck and it’s hangin’ from a pigeon wing
You can’t write if you can’t relate
Trade the cash for the beef for the body for the hate
And my time is a piece of wax fallin’ on a termite
who's chokin’ on the splinters

Soy un perdedor
I’m a loser baby, so why don’t you kill me?
(get crazy with the cheese whiz)
Soy un perdedor
I’m a loser baby, so why don’t you kill me?
(drive-by body-pierce)
(yo bring it on down)
Soooooyy....

?em llik uoy t'nod yhw os ,ybab resol a m'I rodedreP nu yos
[It's the Chorus backwards]

(I’m a driver, I’m a winner; things are gonna change I can feel it)

Soy un perdedor
I’m a loser baby, so why don’t you kill me?
(I can’t believe you)
Soy un perdedor
I’m a loser baby, so why don’t you kill me?
(Nlehh...)
Soy un perdedor
I’m a loser baby, so why don’t you kill me?
(Sprechen Sie Deutsch hier, Baby!)
Soy un perdedor
I’m a loser baby, so why don’t you kill me?
(know what I’m sayin’? )

17

Posted by guest , Oct 29, 2009 3:22PM

Hi Greg--

Your posts lately have been alright. Its cool, whatever you wanna do. Keep on keepin' on, man.

--Medicated Jeff Macke

18

Posted by guest , Oct 29, 2009 3:27PM

Greg,

Don't sell me a 420 and tell me it's the Maltese Falcon.

19

Posted by guest , Oct 29, 2009 3:53PM

@16
What a fucking asshole, man.

What is this bullshit? You wake up in the morning and make a list?

1. Write shit after Greg’s posts.
2. Laugh at my own stupid shit.
3. Think how clever I am.
4. Look for a job.
5. Laugh at what a stupid idea # 4 is.
5. Masturbate.
6. Eat leftover Chinese.
7. Masturbate.
8. Write more shit after one of Greg’s posts.

What a loser, man, what an incredible loser you are. Greg must have seriously waxed your ass at something for you to be this bitter.

That’s a shame.

20

Posted by american bandersnatch , Oct 29, 2009 3:59PM

Greg:
Either this post was an improvement or the alcohol is kicking in. Either way, it's good.
AB

21

Posted by guest , Oct 29, 2009 3:59PM

@18 JSA of LIS?

22

Posted by guest , Oct 29, 2009 3:59PM

@19 Greg, simmer down there hot shot.

23

Posted by Anal_yst , Oct 29, 2009 4:02PM

@19

Since it seems you're unaware, its a song by Beck, @16 didn't write it.

24

Posted by copyrighter , Oct 29, 2009 4:21PM

Best part of this post - the one part that had nothing to do with the topic of this post. Touche.

25

Posted by guest , Oct 29, 2009 4:21PM

@19: What a perdedor!

26

Posted by guest , Oct 29, 2009 4:59PM

Heh, a friend designed the sail system on that boat.

27

Posted by thomas_shawn , Oct 29, 2009 5:06PM

"She recently moved her fund to Cyprus, according to press reports, to avoid Britain’s new tax increase and rules for nondomiciled residents."

New York will be experiencing a similar exodus.

28

Posted by guest , Oct 29, 2009 5:38PM

@19

Holy shit. Have you been spying on me?

-The Guy from Delaware

29

Posted by guest , Oct 29, 2009 5:40PM

@11,

That used to be my ship you lucky son of a bitch.

-Lando

30

Posted by guest , Oct 30, 2009 12:17AM

19 That was without a doubt one of the funniest things I've read in a long time.

16

31

Posted by Chuck Krug , Oct 30, 2009 10:27AM

Why does she have a banner for Cranfield University on her website?

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