Daniel Shak is the founder of SHK Management, a hedge fund that reportedly “pulled the plug on its sole investment, spread trades on Comex gold futures,” last year. Daniel Shak is also the ex-husband of Beth Shak, who he divorced three years ago and is now suing for allegedly hiding assets in an attempt to cheat him out of settlement money. The assets in question? Twelve hundred pairs of designer shoes, which Shak claims his former wife “hid” from him in a “secret room.”

The way DS sees it, the footwear collection, which includes “Christian Louboutins and other high-end designer shoes” is worth approximately $1 million and he wants at least 35 percent. The way Beth Shak sees it, this is crazy (“I’m shaking my head over this whole thing,” she told reporters. “He is saying he didn’t know the closet in our master bedroom existed”) and she doesn’t understand why her ex is going after her shoes now. At this time there appear to be a few possible explanations:

a) Daniel is raising money to re-launch his fund (he told the Journal, after liquidating SHK in January 2011, that he’d be “trading again in a few weeks,” though it’s unclear if that happened).
b) He’s got gambling debts to repay (“A poker lover himself, he was reached at a card table yesterday but declined to comment”).
c) He and John Mack are going to sell them out of the back of a truck.
d) He just really appreciates women’s shoes.
e) Other

Hedgie sues poker pro ex-wife over her 1,200-pair designer shoe collection [NYP]
Related (…?): Hedge Fund SHK Liquidates, Rattles Gold Market

139 comments (hidden to protect delicate sensibilities)
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Comments (139)

  1. Posted by SoleEMio | June 25, 2012 at 11:29 AM

    Shoes? That's the best her little brain could spring to?

  2. Posted by Rex Ryan | June 25, 2012 at 11:31 AM

    Call me…

  3. Posted by CoveredLong | June 25, 2012 at 11:32 AM

    Yes

  4. Posted by Woogie | June 25, 2012 at 11:33 AM

    Me too

  5. Posted by SoleEMio | June 25, 2012 at 11:33 AM
  6. Posted by inlovewithpmco | June 25, 2012 at 11:34 AM

    PMCO what is your shoe collection looking like?

  7. Posted by Bandersnatch | June 25, 2012 at 11:35 AM

    $1,000,000 for 1,200 pairs of used shoes? That's $833 / pair. Seems high. Other than that I have no concerns with the lawsuit.

  8. Posted by The Truth | June 25, 2012 at 11:37 AM

    Yes * 1200, maybe

    - Rex Ryan

  9. Posted by Bandersnatch | June 25, 2012 at 11:37 AM

    She's 42? Wow!

  10. Posted by Beth S. | June 25, 2012 at 11:44 AM

    Maybe…

  11. Posted by Guest | June 25, 2012 at 11:44 AM

    I think the reason why is pretty clear – in a divorce settlement, you have two main objectives:
    A) get the shit you want
    B) piss off you ex as much as possible

    Barring some strange fetish (or a new GF with the same size feet), I'm guessing he's fulfilling Objective B.

  12. Posted by Rex R. | June 25, 2012 at 11:49 AM

    Strange???

  13. Posted by shoe guest | June 25, 2012 at 11:53 AM

    They already reached their settlement. It's a little weird that he's bringing up her supposedly "secret" shoe collection now.

  14. Posted by Skadden | June 25, 2012 at 11:56 AM

    More like $500 before fees. But yes, its a concern.

  15. Posted by Inch High P.I. | June 25, 2012 at 11:56 AM

    I'd like to be the first to offer my services investigating her secret room.

  16. Posted by Elin N. | June 25, 2012 at 11:57 AM

    The order of your objectives is wrong. Other than that, no concerns.

  17. Posted by Kazaam | June 25, 2012 at 11:58 AM

    I'd like to give her the Shak attack.

  18. Posted by Grinders | June 25, 2012 at 12:05 PM

    “He is saying he didn’t know the closet in our master bedroom existed”

    He may have been distracted by what was lying on the master bedroom bed.

  19. Posted by guest | June 25, 2012 at 12:07 PM

    PMCO you're not fooling anyone with your attempts to remain relevant.

  20. Posted by SoleEMio | June 25, 2012 at 12:08 PM

    Why the hate?

  21. Posted by guest | June 25, 2012 at 12:09 PM

    This jackass needs to link up with the idiot who sued his wedding photographer last year to recreate a marriage that had since dissolved. Maybe they could start a fund or something. "We knowingly married gold digging skanks and lo and behold they left us when we lost money capital llc."

  22. Posted by SoleEMio | June 25, 2012 at 12:10 PM

    Other than the knobbly knee I have no concerns.

  23. Posted by Words with Friends | June 25, 2012 at 12:25 PM

    So that's how you spell "lo?"

    -UBS Scrabble Quant

  24. Posted by FKApmco | June 25, 2012 at 12:32 PM

    You, on the other hand, are making great strides in your quest to perfect the art of being a dick.

  25. Posted by gab | June 25, 2012 at 12:35 PM

    "…sole investment, spread trades on Comex gold futures,"

    I have no concerns with his diversification strategy.

    Bruno Iksil

  26. Posted by Guest | June 25, 2012 at 12:37 PM

    and by her you mean you, don't you Beth?

  27. Posted by VanWinkle | June 25, 2012 at 12:42 PM

    I always thought rug burn prevented aging.

  28. Posted by Carly Rae | June 25, 2012 at 12:53 PM

    This is crazy

  29. Posted by Shoe Wizard | June 25, 2012 at 12:53 PM

    This is pretty straight-forward. 420 pairs of shoes are required so that Dan can wear one pair per day for an entire year (aka mourning period)… then wear one pair per day for 55 days (celebratory period / transition period).

  30. Posted by RBS Corgi Quant | June 25, 2012 at 12:56 PM

    35%? He's being generous to that little cockjockey. I'm sure she tried to take him for far more than that in the divorce.

  31. Posted by guest | June 25, 2012 at 1:03 PM

    did you eat a lot of paint chips as a kid?

  32. Posted by Max | June 25, 2012 at 1:13 PM

    Nothing out of the ordinary here. Just another divorced man, going through dry spells, and wanting to get back with the wife. Not the best way to go about getting your ex to talk to you, but I bet it's successful.

  33. Posted by investorcluzo | June 25, 2012 at 1:21 PM

    master bedroom, hidden closet, lights on, shoes on…

  34. Posted by Lunch break | June 25, 2012 at 1:41 PM

    Love this chick's style.. Straight up d-wrecker

    -Sent from my IPhone

  35. Posted by Guest | June 25, 2012 at 1:51 PM

    cockjockey?! I id let her ride this horseman any day of the week.

  36. Posted by guy | June 25, 2012 at 1:52 PM

    ankle bracelet.. fucking skank

  37. Posted by Tanker2Banker | June 25, 2012 at 2:01 PM

    You didn't see 13th Warrior? Classic use of "lo", right up there with Romeo & Juliet

    Lo there do I see my father. Lo there do I see my mother and my sisters and my brothers. Lo there do I see the line of my people, back to the beginning. Lo, they do call to me, they bid me take my place among them, in the Halls of Valhalla, where the brave may live, forever.

  38. Posted by I Need to Know | June 25, 2012 at 2:10 PM

    Lo like J Lo?

  39. Posted by XZib | June 25, 2012 at 2:10 PM

    You we heard you like hedging so we put a hedger in your hedge so you can hedge while you hedge!

  40. Posted by Guest | June 25, 2012 at 2:21 PM

    I just did bath salts.
    Your face looks tasty.

  41. Posted by Guest | June 25, 2012 at 2:22 PM

    Clearly you are not a woman.

  42. Posted by Guest | June 25, 2012 at 2:29 PM

    Shak is restarting fund with proceeds from 2012 WSOP entries. Anyone want to stake him? New fund is DEGENERATE fund LLC based in Henderson, NV. Strategy is going to river on all calls, mostly uncovered calls………..

  43. Posted by Lawman | June 25, 2012 at 2:38 PM

    If she wants 50% of the assets ie: house, cash, cars, etc….he is entitled to 50% of their communal assets as well including the shoes, especially if he paid for them with his earnings. Kind of cold / weird considering they were likely gifts, but sorry bitch this is the way it works in the real world.

  44. Posted by On the Lo | June 25, 2012 at 2:41 PM

    or like Lo Lo Jones?

  45. Posted by Schemes and Dreams | June 25, 2012 at 2:42 PM

    New hedge fund strategy: Set up friend with job at high-end shoe store, get hot female friend of friend to seduce hedge fund manager that is running in front of steamrollers to get nickels. "Purchase" shoes to generate high commissions for friend in store, Take "earnings" and put into brokerage account, hit a homerun, and voila! Seed capital.

  46. Posted by Really | June 25, 2012 at 2:42 PM

    Beth is a white trash name? Like Elizabeth?

  47. Posted by NickleDimer | June 25, 2012 at 2:46 PM

    This chick is a pro poker player and has her own money. She was also on that show Millionaire Matchmaker. Hot.

  48. Posted by PermaGuestII | June 25, 2012 at 2:50 PM

    50% of the *value* of the assets, sure. Actually 50% *of* the physical assets, a bit wierd.

    -divorced guy who did not seek to acquire 50% of his ex-wife's clothes

  49. Posted by Abe_Froman_ | June 25, 2012 at 2:59 PM

    +1 for the idea, -100 for misspelling Shaq

  50. Posted by Schemes and Dreams | June 25, 2012 at 3:03 PM

    DB is blocking me lol ….snark alert

  51. Posted by Randiculois | June 25, 2012 at 3:12 PM

    A. Doesn't fit in trophy wife narrative
    B. Bess=hater

  52. Posted by guest | June 25, 2012 at 3:13 PM

    Think she'll pay in kind?

  53. Posted by Im_a_Dude | June 25, 2012 at 3:52 PM

    I agree with you Perma, but after seeing an ex holding onto a monumental waste of your (hard eared?) cash in her shoe collection, i can understand a guy going after it in court.

  54. Posted by Im_a_Dude | June 25, 2012 at 3:53 PM

    those legs are airbrushed.

  55. Posted by Kazaam | June 25, 2012 at 3:59 PM

    I debated on whether to go with Shaq (after him) or Shak (after her). Went with the latter. Sue me.

  56. Posted by davidrusso | June 25, 2012 at 3:59 PM

    lights on. my credit cards in her purse. shit – wearing her shoes if she wanted me to.

  57. Posted by guestie | June 25, 2012 at 4:03 PM

    Underachiever.

  58. Posted by Guest | June 25, 2012 at 4:09 PM

    Anyone can call themselves a pro poker player…I take it you haven't seen many hands she's played.

  59. Posted by Belushi fan | June 25, 2012 at 4:16 PM

    She spent one million dollars on shoes. I have 1,200 pairs of concerns.

  60. Posted by guest | June 25, 2012 at 4:17 PM

    + fake name, burner phone.

  61. Posted by Guest | June 25, 2012 at 4:25 PM

    That's really not that much to spend on shoes.

    - every rapper ever

  62. Posted by Mexi_Cant | June 25, 2012 at 4:44 PM

    Can't believe nobody mentioned that she can totally catch it, lights on, shoes whatever.

  63. Posted by Guest | June 25, 2012 at 4:45 PM

    Be careful – he'll take those all-stars right off your feet, hipster boy.

  64. Posted by Daniel Shak | June 25, 2012 at 4:54 PM

    agree her hands are not that great anymore

  65. Posted by TJC | June 25, 2012 at 4:56 PM

    I used to be a professional poker player

  66. Posted by Rex Ryan | June 25, 2012 at 5:14 PM

    That's $833 a pair new. Used, they're worth more.

  67. Posted by buboe | June 25, 2012 at 7:39 PM

    Unless of course it's her own money.
    Given that an active poker/media carerr might earn more than a hedgie with no trades..

  68. Posted by Guest | July 6, 2012 at 1:36 PM

    I'd tap that

  69. Posted by NickleDimer | July 17, 2012 at 6:40 PM

    NickleDimer

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