
Prince William broke the record for the largest foreign currency trade when he joined his father to take part in the ICAP fancy-dress charity day on Wednesday. He joked with one bank: “I have got Batman and Robin standing either side of me… They are very slow here. I have had to come and give them some help.” There was loud applause when the prince eventually completed the deal, which saw Barclays trade €17bn (£14.2bn) with Credit Suisse based on the projected currency value for Wednesday and Thursday.
Earlier: Sarah Jessica Parker, Darryl Strawberry, Magic Johnson And Tyra Banks Walk Onto A Trading Floor
[Telegraph via BI]
These are your hints:
1) Asness is currently a Marvel comic book collector, in addition to his duties at AQR Capital
2) As we know from Scott Patterson’s The Quants, as a teenager in on Long Island, Asness was “obsessed with little besides girls and comic books”
3) Also from The Quants, the following image: “Friday morning at AQR, August 10. Asness glanced pensively at a candy-colored array of Marvel superhero figurines lined up along his east-facing window. Spiderman. Captain America. The Hulk. Iron Man.”
4) In a new profile of Cliff out tomorrow in Bloomberg Markets magazine, the manager sits on his desk flanked by said dolls, in a full-page glossy photo.
Okay, give it your best shot. Continue reading »
Not saying, LLOYD, just saying LLOYD– it’s parked outside bankruptcy court at 40 Broadway circa now. Just putting it out there. Continue reading »
In writing about hedge fund managers and other celebs in the world of finance, sometimes I find myself wondering what these men were like as children, before the billions, and the bitches, and the fleece. I’m pretty sure Ken Griffin carried a briefcase to school starting at the age of 5, and the 12 year-old Jim Simons was a lot like the 72 year–old one we know today– bearded and chain smoking a pack of Pall Malls. Stevie didn’t develop a taste for the finer things in life (fleece) until college, preferring until then to swath himself exclusively in silk. And so on and so forth. But what of Biff Basness? I’ve had some difficulty getting a good picture of the AQR founder in my head. Luckily, a new book by Wall Street Journal reporter Scott Patterson, The Quants, sheds a little light.
As a child, Clifford Scott Asness gave no sign of his future as a Wall Street tycoon. He was born in October 1966 in Queens, New York. When he was four, his family moved to the leafy suburban environs of Roslyn Heights on Long Island. In school Asness received good grades, but his interest in Wall Street didn’t extend beyond the dark towers of Gotham in the pages of Batman. Obsessed with little besides girls and comic books, Asness was a listless teenager, without direction and somewhat overweight. At times he showed signs of a violent temper that would erupt years later when he sat at the helm of his own hedge fund. Once a chess team rival taunted him in the school’s parking lot about a recent match.
That’s when things got real.
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Yesterday we explained that Bruce Wayne–who fights street crime and evil clowns by night–has all the markings of a corporate criminal. We even went so far as to explain that Wayne seems like exactly the “better class of criminal” that his nemesis The Joker claims Gotham City deserves.
Some of you fanboys disagreed!
But it turns out we’re not alone in seeing the criminality of Bruce Wayne. Smart lawyers and law professor types agree with us! And it’s not just criminality: Wayne–and his Batman alter-ego–bring up a whole host of legal issues. After the jump, a quick summary of Wayne’s white-collar criminality and litigation inviting ways.
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“This town deserves a better class of criminal,” Heath Ledger announces as the Joker in the new Batman film, Dark Knight. The caped crusader, police captain Jim Gordon and district attorney Harvey Dent set out to stop the Joker. Much of the film is dedicated to exploring what kind of criminal and what kind of hero Gotham City deserves.
Everyone now knows that Batman is a kind of antihero, a “dark knight” who is allegedly a better hero than Gotham deserves but exactly the one it needs. But what about the Batman’s alter-ero, billionaire playboy Bruce Wayne? Careful attention to the Dark Knight and its predecessor film, Batman Begins, seems to show that Wayne might be exactly the “better class of criminal” that the Joker describes.
After the jump, we explore the criminality of Bruce Wayne. (Very minor spoilers follow.)
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