Hedge Fund Manager Wants 35 Percent Of Ex-Wife’s Shoe Collection For Reasons Not Entirely Clear

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

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139 Responses to “Hedge Fund Manager Wants 35 Percent Of Ex-Wife’s Shoe Collection For Reasons Not Entirely Clear”

  1. SoleEMio says:

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

  2. Rex Ryan says:

    Call me…

  3. CoveredLong says:


  4. Woogie says:

    Me too

  5. inlovewithpmco says:

    PMCO what is your shoe collection looking like?

  6. Bandersnatch says:

    $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.

  7. The Truth says:

    Yes * 1200, maybe

    – Rex Ryan

  8. Guest says:

    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.

  9. Inch High P.I. says:

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

  10. Kazaam says:

    I'd like to give her the Shak attack.

  11. Grinders says:

    “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.

  12. guest says:

    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."

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  13. gab says:

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

    I have no concerns with his diversification strategy.

    Bruno Iksil

  14. Shoe Wizard says:

    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).

  15. RBS Corgi Quant says:

    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.

  16. Max says:

    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.

  17. investorcluzo says:

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

  18. Guest says:

    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………..

  19. Lawman says:

    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.

    • PermaGuestII says:

      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

      • Im_a_Dude says:

        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.

      • guestie says:


        • buboe says:

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

  20. Schemes and Dreams says:

    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.

  21. NickleDimer says:

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

  22. guest says:

    Think she'll pay in kind?

  23. davidrusso says:

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

  24. Guest says:

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

    – every rapper ever

  25. Mexi_Cant says:

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

  26. Rex Ryan says:

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

  27. Guest says:

    I'd tap that

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  99. Really says:

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