Bess Levin

Posts by Bess Levin

  • 02 Dec 2014 at 2:48 PM

Charlie Gasparino Puts Out APB For Sage Kelly

  • 02 Dec 2014 at 1:07 PM

Ex-BofA Chief Ken Lewis Unloads Bro Pad

Ken Lewis houseThe home was listed in 2009 for $3.3 million and has been on and off the market; it was most recently listed in February for just under $2.5 million, and is under contract for “close to asking,” said listing agent Sally Papineau of Spring Island Realty. The buyer is from Chicago and works in the finance industry, she said. Located in Spring Island, a luxury residential community in South Carolina’s Low Country, the home is co-owned by Mr. Lewis and Dennis Thompson, the founder of the Charlotte, N.C.-based restaurant operator Firebirds International. They bought the property for $3 million in 2002, according to public records. Mr. Lewis said he and Mr. Thompson “have been good friends for a long time,” and decided to buy together, along with their wives, in part because they often golfed in the area. They decided to sell because they don’t use it as much as they would like. [WSJ via BI]

michaelsteinberg1Last December, SAC Capital portfolio manager Mike Steinberg was found guilty on one court of conspiracy and four counts of securities fraud. In May, he was sentenced to 3.5 years in prison, despite asking for leniency on account of the fact that he once raised money for a friend’s organ transplant with a bake sale. So, you might expect a guy in his position to be feeling pretty glum these days and pretty pessimistic about his prospects, particularly those of the professional variety. Yet, on the contrary, Steinberg is actually exhibiting signs of a man not just walking on sunshine but downright bullish about his career trajectory. In addition to appealing his sentence, the ex-SAC manager is already making plans to dive back into the investing game, ASAP. Read more »

Hedge funds are shutting at a rate not seen since the financial crisis, as many managers post disappointing returns and the largest players dominate money raising…In the first half of the year, 461 funds closed, Chicago-based Hedge Fund Research Inc. said. If that pace continues, it will be the worst year for hedge fund closures since 2009, when there were 1,023 liquidations. [Bloomberg]

ken griffinKen Griffin, the founder of Chicago investment firm Citadel and Illinois’ richest man, has listed his three-bedroom, 2,494-square-foot condominium on North Michigan Avenue for $1.4 million. Griffin, who is in the midst of a contentious divorce from his wife Anne Dias Griffin, owns a penthouse condominium on the 67th floor of the nearby Park Tower that has been his primary residence since he bought it in 2000 for $6.9 million. In 2012, Griffin expanded his domain by paying $15 million to buy a 7,900-square-foot unit on the 66th floor of the Park Tower, Chicago’s priciest-ever condo sale. The three-bedroom unit that Griffin placed on the market Monday is on the 54th floor of a different tower on North Michigan Avenue. He paid $1.02 million for it in late 1995, according to public records. [Chicago Tribune]

  • 25 Nov 2014 at 5:38 PM

“Cliff Asness Or Teenage Twitter Rant?”

Cliff Asness by Kieron Black
If you’re killing time at the office, working on Turkey Day, or are looking for a fun interactive game for the family to play Thursday night after dinner, test your knowledge of Asnessisms with this quiz brought to you by Hedge Fund Intelligence. Or simply appreciate the above rendering of Clifford in his bedroom, by HFI artist Kieron Black. [Hedge Fund Intelligence, related]

old homesteadNew York City restaurant Old Homestead Steakhouse is hosting a $35,000 Thanksgiving dinner, according to the Daily Mail. “We know it’s over-the-top expensive, but Thanksgiving comes once a year. If you can splurge for this, you have a lot to be thankful for,” said Old Homestead Steakhouse co-owner Marc Sherry. It features nine-courses including squab stuffed with foie gras soaked in a $5,000 a bottle L’Esprit Cognac, roasted organic turkey stuffed with Japanese Wagyu and gravy made with a $1,750/bottle claret, butternut squash with black truffles, and sweet potatoes topped with three pounds of caviar. For dessert, diners will be served bourbon-soaked pears with pumpkin paste dusted with 24-karat gold. [CNBC]