Schadenfreude

  • Hedge Funds, Schadenfreude

    John Devaney Will Never Stop Posing

    Last week we lamented that there were no pictures of John Devaney standing in front of his helicopter, which was recently put on the market for $10.995 million, on account of a “change [in] corporate travel requirements” for the hedge fund manager. And also, United Capital Asset Management’s precipitously dwindling fortunes. (June was losses of […]

    / Aug 20, 2007 at 2:41 PM
  • Hedge Funds, Schadenfreude

    Will The Suffering Ever End?

    Founder and general partner of United Capital Asset Management, John Devaney, whose fund booked a 30.4% loss for June, is not in a good place. After senselessly being forced to put his yacht, inaptly named “Positive Carry,” on the market, in addition to his ski lodge, further losses have made it necessary for the captain-no-longer […]

    / Aug 17, 2007 at 12:49 PM
  • Hedge Funds, Schadenfreude, Subprime Mortgages

    When Words Bite You In The Ass: John Devaney

    We hate to kick a man when he’s down, and on the brink of homelessness, but we haven’t been this grateful for the existence of the internet since we discovered the Cats ‘n Racks section of Cuteoverload.com (hat tip: James Simons). Soon-to-be former yacht/ski lodge owner John Devaney, whose United Capital Markets Asset Management restricted […]

    / Aug 3, 2007 at 11:26 AM
  • Hedge Funds, Schadenfreude

    Hedge Fund Manager On Gilded Path To Homelessness

    This isn’t even funny anymore. United Capital Markets Asset Management manager John Devaney, who just last week was forced to put his yacht up for sale after his fund restricted investor withdrawals due to some trading bets that didn’t exactly pan out, may have to sell his waterfront mansion in Miami. The estate is considered […]

    / Aug 2, 2007 at 10:32 AM

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