Wild Trading In Metals Puts Fund Manager In Cross-Hairs (WSJ)
Christopher Pia was the quintessential hedge-fund success story: a hard-charger from a working-class New York City neighborhood whose trading prowess earned him a top job at fund giant Moore Capital Management. He bought a sprawling house in Armonk, N.Y., and tooled around town in an orange Lamborghini. Mr. Pia liked to tell colleagues about his modest upbringing, and that he is a devout Catholic. He complained about hedge-fund managers he considered elitist. On the trading floor, he often twirled a string of rosary beads. Callers to his cellphone heard the Batman theme song.
How To Tell When Your Boss Is Lying (The Economist)
Deceptive bosses, it transpires, tend to make more references to general knowledge (“as you know…”), and refer less to shareholder value (perhaps to minimise the risk of a lawsuit, the authors hypothesise). They also use fewer “non-extreme positive emotion words”. That is, instead of describing something as “good”, they call it “fantastic”. The aim is to “sound more persuasive” while talking horsefeathers. When they are lying, bosses avoid the word “I”, opting instead for the third person. They use fewer “hesitation words”, such as “um” and “er”, suggesting that they may have been coached in their deception. As with Mr Skilling’s “asshole”, more frequent use of swear words indicates deception.
Fund Manager Finds Plenty Of Virtue In Sin Stocks (WaPo)
Vice is the only fund explicitly focusing on sin stocks. Its portfolio of about 30 stocks is divided almost equally among cigarettes, alcohol, gaming and casinos, and defense – industries that typically hold up well in tough times. Although such a small portfolio can lead to volatility, the Vice Fund offsets that risk by emphasizing steady dividend-paying stocks.
Shrinking Quant Funds Struggle To Revive Boom (CNBC)
The combined assets of quantitative funds specializing in United States stocks have plunged to $467 billion, from $1.2 trillion in 2007, a 61 percent decline, according to eVestment Alliance, a research firm. That drop reflects both bad investments and withdrawals by clients.
Toilet-Paper Scandal in India ‘Shames’ Commonwealth Games Host (Bloomberg)
Allegations of corruption and mismanagement are overtaking a tournament that Prime Minister Manmohan Singh said would “signal to the world that India is rapidly marching ahead with confidence.” The Economic Times newspaper, citing internal documents, said organizers bought $80 rolls of toilet paper, $61 soap dispensers and $125 first-aid kits.
Ackman’s StuyTown bid on hold (NYP)
A New York state Supreme Court judge has set a Sept. 2 hearing between an Ackman-led real-estate venture and lenders who hold a $3 billion first mortgage on the property, represented by special servicer CW Capital. Pershing Square and Winthrop Realty Trust, his par , his partner in the real estate venture, had planned to gain control of the property by foreclosing on an entity that is responsible for the first mortgage on Aug. 25. Lenders sued to stop him on Wednesday, demanding that they be paid $3.66 billion, including interest, owed them before Ackman be allowed to follow through on his plan.
New Front Opens In Vendor Wars (WSJ)
Rule No. 1 in the rough-and-tumble business of gourmet-food trucks is to avoid parking on the same block as your brethren. Violate the unwritten code and things could get ugly. That’s what happened Tuesday in Midtown, when the Rickshaw Dumpling Truck saddled up for business near the Frites ‘N’ Meats truck. Vadim Ponorovsky, the owner of Frites ‘N’ Meats, expected that the dumpling truck would leave. After all, the highly coveted block on 48th Street between Sixth and Seventh avenues is his regular spot Tuesdays. He called Kenny Lao, owner of the dumpling truck. But Mr. Lao’s truck never left. What happened next is contested. The New York Police Department was summoned (by whom remains unclear). And both trucks were kicked out of the space. Then the Twitter and blog wars began. “Getting kicked out of spot due to Rickshaw Dumpling Truck deciding to park also. Not sure if well be back here. Boycott Rickshaw Dumpling!” someone from Frites ‘N’ Meats wrote on its Twitter account moments after the incident. “Its not a war. But if it were, asking whod win, is like asking whod win in a Mike Tyson (us) vs. snot nosed 3rd grader (Rickshaw).”
What the fuck is with this new fucking layout? It looks like the child of an egg shaped penis and Chelsea Clinton.
@1, agreed. Fucking hideous – I don’t blame Bess as its the fucking gorillas who run the joint that decided they’d sell ad space this way. Shameful.
@1 Please apologize. Egg-shaped penises only fit in bitches 1/3 to 1/2 of Chelsea’s age.
Bess has got to pay the bills! Gimlets don’t come free as it’s not like you gents are buying.
@1 it’s not a new layout, it’s temporary for some skin (ad) they’re running. this is the first I’m seeing it as well…say whatever you want about it here but I don’t want to see every post for the rest of the day threadjacked by discussions of the genius of this beautiful/non-eyesore.
Step 1. Change website appearance.
Step 2. ?
Step 3. Profit.
Vadim Ponorovsky will fuck snot-nosed 3rd graders until they love him.
Eight-year-olds, Dude.
PIK TOGGLES
DB SOLD OUT, as expected
first we get the jobs, then we get the khakis…
@Bess, if it smells like a layout and looks like a layout, then darn gosh it is a bloody layout
Bonobos get laid constantly. That’s a clever niche they are filling.
BA – Marketing, SUNY
I like Bonobos – great pants actually. Good market for them. Smart advertising IMHO.
I’m pretty sure these ads for khakis doesn’t work. Especially since khakis are for middle mgmt.
If everyone clicks on the ad fifty times, Bess will get rich and Bonobos will go bankrupt. That’s a win-win.
@9 Don’t comment again until you know what a sell-out is. hint: if DB had “SOLD OUT” I would be running posts telling you how much ass you’ll get if you buy a pair of these pants, not making comments like the one @5 (or keeping the content exactly how it’s always been).
@13 How’s your Bonobo marketing internship going?
Bess’s comments @5 and @16 make her opinion quite clear. Also, it’s just a bloody ad, guys, just one a little more dramatic and hideous than most.
@15 has the right idea. I’ve just clicked on the ad a few times. Hopefully that drained a few dollars from Bonobos’ marketing budget into DB’s accounts, thence to be transferred to the firm’s editorial budget and converted into gimlets to wash away the pain of this eyesore.
@17 I think it ends today, school starts next week.
-not 13
@18 – Maybe if we click it enough, we can get more hamsters to power the website
@18 Nice plan.
Apparently this guy named Con Dheadle is posting Bonobos ads everywhere and interrupting the space-time continuum between Darwin and Sydney. What a monster.
Bess – please be more species-specific about the ass I can get by wearing Bonobos.
TIA, HAND.
-D. Kneale
@18 shut up you kiss ass sychophat, it’s sickening
Bonobos is Star.
Star is Bonobos.
-Matt TaibbiaT
Poor Sonny Bonobo. He and Cher made a lot of money but the pressure of “fame” split them apart. Then came a stint as a Congressman for the State of California and the tragic run in with a tree on a skiing trip. Sonny Bonobo…we got you, babe.
-AIG Quant
great, crotch shots make site officially nsfw and my boss now things im a dudelover. middle management here i come!
Where are all the gay bankers Bonobos?
-not a gay banker, but I play one on DB.
Does Bess have any pubes? If she’s bald I can offer her some money to rub my egg shaped willie. She’ll probably have to dress-up like a school girl though.
Anonymous Hedge Fund Guy who’s no longer on house arrest.
I clicked on “home” after posting a witty comment and an image of a headless dude in striped pants and a striped shirt w/tie came up. There were so many stripes (pants/shirt) that I immediatly presumed he had one in his underwear.
-Sudden Men’s Clothing Ad Genius
Enter referral code BSD.
Hmmmmmmmm….is Bonobos only for LB and the Dimon?
/4 ft anal bead tail
Christopher Pia’s pants – and whole ensemble – are from the Eddie Bauer “Brown on Brown on Brown” collection.
Its like 5 extra inches of blue at the top of the page, grow up.
Step One: Remove sand from vagina
Step Two: Scroll down ever so slightly
Step Three: Enjoy Dealbreaker as usual
@NS
[insert sophomoric "extra 5 inches" joke here]
-Obvious Humor Guy
Bitches – These Bonobo cunts are paying the bills around here. If you’re a real baller go out on your lunch break, buy 10 pairs, and give them to homeless people around your office.
The idea that any professsional trader would try to manipulate a market for personal gain is ridiculous.
-Standard and Poors Securitized Mortgage Analyst
@Bess @5 – Totally agree. Thank you. Love the nice tushies.
I only buy my work attire from Chess King
I just want to bust a nut on some pik toggles, then cry.
–Guy who busts a nut on things and weeps like Drunkenmiller in an investor letter
ps: hoping for a dealbreaker sponsored open bar “guest” party with all the bling bonobos is bringing in
@24: learn to spell before you try to talk in public.
@39 – I’ll be there. I’ll be the selling the name tags filled out with “Anonymous”.
My bonobo moved aggressively, almost ripping a pocket, upon noting the Ground Zero Mosque.
Hey dumbass @35 STFU, you have no idea. Fuck off back to yahoo finance.
Wearing palm seliks while hiding a 5 foot tail and being petted with massage balls is the new killing it.
http://www.bonobos.com/store/item/Palm_Sellecks
Oops meant @36 – stupid website IT guys.
Having your website look like a Nascar is the new killin it
Sobonob.
Slobmynob.
My genius is fits well.
@38 Nice. Do you have fish in your shoes?
@46 – sorry. Wearing tassel loafers while duck hunting is the new killing it
Bonobos are pretty great actually
I’ll stick with the JoS A. Banks classics, thank you very much
I only wear velor. Nothing but velor touches my preciouss skin.
Nothing.
@48, no, (sweater)meat under them.
-not 48
@48, no, (sweater)meat under them.
-not 38
DB IT goons really need to get this commentor ID thing down, not a fan of having my already sullied name further sullied by imposters.
–The real Anal_yst
Ya I actually like Bonobos too. Wools are better than Jos A Bank and Brooks Brothers. Dont have any khakis.
Kinda surprised to see this much of a site takeover though. A bit over the top, but maybe it works for them. Blaming DB on this one…
8 year olds
You know we can learn a lot from the Bonobos. They solve every conflict with sex.
anyone know where i can get some bonobos
Wait what kind of beads? Does twirling them take talent?