Powerball Officials Finally Smoke Assset Manager Winners Out Of Their Hole

Is this a press conference to discuss winning $254 million or donating that much to Jerry Sandusky's 'rainy day fund'?

Connecticut residents Gregg, Brandon, and Tim were initially bashful about coming forward.

Three asset managers from Connecticut’s affluent New York suburbs claimed a $254 million Powerball jackpot on Monday off a $1 ticket. Gregg Skidmore, Brandon Lacoff and Tim Davidson came forward as trustees for The Putnam Avenue Family Trust, which they formed after Davidson bought the winning ticket at a Stamford gas station. At least two of them live in Greenwich, one of America’s wealthiest towns. They will take the after-tax lump sum of nearly $104 million in cash. They say a significant portion will go to charity. Davidson bought the $1 quick pick ticket for the Nov. 2 drawing at the Shippan Point Getty station in Stamford. It was the only ticket he bought. The winning numbers were 12-14-34-39-46, Powerball 36.

The three men work at a small, startup asset management firm called Bell Asset Management in Greenwich. They appeared with their lawyer at a news conference and didn’t say much. “It feels good,” Skidmore said. Lottery officials had used billboards across the state to urge the ticket holder to come forward as the weeks went by without a winner.

In related news, how long before someone runs out for a boatload of scratch-offs?

Gregg Skidmore, Brandon Lacoff, Tim Davidson at Bell Asset Management in Greenwich win Powerball [AP]
$254 million Powerball jackpot goes to wealthy Greenwich, Conn., money managers [NYDN]

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Show all comments

140 Responses to “Powerball Officials Finally Smoke Assset Manager Winners Out Of Their Hole”

  1. Guest says:

    lottery ticket > taxi medallion > lightsquared shares

  2. 2_Small_2_Bail says:

    So much liquidity… *sigh*

    -P Falcone

  3. derp says:

    Can't wait to use my winnings to buy another g!

    -Gregg (Soon to be Greggg!)

  4. Guest says:

    The IRS thanks them for their contribution toward the Federal budget, and urges them to be wise in the use of the $7.02 that will be left after Federal and state taxes are paid, and urges them to not spend it all in one place.

  5. Deleveraging says:

    So I guess we are not going to be reading some pathetic story 3 years from now about these guys going bankrupt after pissing all the money on the trappings of a white trash lifestyle?

  6. Fixed Income says:

    Hey guys – any interest in being my Queen?

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  7. AIG FP Quant says:

    Just think, if they had bought 2 tickets they would've won twice as much money.

  8. Dr_Zaius says:

    “'It feels good,' Skidmore said."

    solid Matt Levine impression.

  9. Eggs in 1 basket says:

    In other news, Bell Asset Management's ADV has been revised to reflect new Assets Under Management of $5,000,001

  10. OWS says:

    Is $1/$254,000,000 < 1%?

  11. Yakov says:

    At Bell Asset Management, your best client is you!

  12. Dr_Zaius says:

    really? i thought the joke was pretty brief.

  13. guest says:

    Next Beamer's Third Thursday on these guys!

  14. Girl who's faking it says:

    "It feels good"

    O RLY?

  15. momentus says:

    Fuck these guys!

    –toothless Appalachian hill billy

  16. Guest says:

    Occupy Shippan Point Getty!

    UBS Civic Layaway Quant

  17. Guest says:

    Thanks, 1%, for now stealing my dreams as well.


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    I Just thank God that you guys came forward and claimed it because the Government shouldn’t get it. Please make sure that you guys really make a difference in people who really needs help lives and not just the one who want the latest cars. God Bless.

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