blind items

  • 07 Jan 2014 at 2:25 PM

Area Hedge Fund Manager Lets His Scalps Talk For Him

How does an activist hedge fund manager express to executives at the subject of of his activism that they’re in his world now? That proposed changes to the company will happen with or without management? That we can do this the easy way or the hard way? Some threaten to take things public, via CNBC, Twitter, and the like. Others use well-timed coughs to mutter “Box up your crap, because you’re all going to be out of here by the end of the day” (followed by “I’m sorry, nagging tickle in my throat”). The best of the bunch, though, the most seasoned activists in the game, prefer a more subtle approach. Read more »

“Devaluing a currency,” one senior Federal Reserve official once told me, “is like peeing in bed. It feels good at first, but pretty soon it becomes a real mess.” In recent times, foreign-exchange incontinence appears to have been the policy of choice in capitals from Beijing to Washington, via Tokyo. The resulting mess has led to warnings of a global “currency war” that could spiral into protectionism. [WSJ via DI]

  • 31 Jan 2013 at 6:37 PM

Whose Falcons Are These?


[via Mark Frauenfelder]
We’ve narrowed it down to people who own or have access to a private jet and have been known to appreciate the birds of prey. So it could be Prince Alwaleed, and we want it to be because Team Citi could use a pick-me-up in the form of an impromptu falcon petting zoo day at HQ, but it could also be someone else.  Help us out here.

During the years of 2005-2009, I had the amazing experience of being a sommelier at Veritas Restaurant. At this time Veritas, arguably, had the best restaurant wine list in the US. I opened more great wines during those four years than I will probably ever open again in my career. One gentleman that opened more than half of those amazing wines was a hedge fund manager. He was a common fixture at the bar and had a deep love for old burgundy. He preferred large formats, which meant he would usually need help drinking the wine, a role I was happy to take on. He also loved Crif Dogs, which we would have delivered for him late in the evening. One night, over a few B.L.T. Dogs and a magnum of Domaine Leflaive Batard-Montrachet 1986, he starts eyeing the vertical of Henri Jayer. It was a producer he had had before, but only a few times. This was also the spring of 2007 and Mr. Jayer had passed away only a few months earlier. After a bit of discussion, he decides to go with Vosne Romnee Cros Parantoux 1985, a steal at $5,000. This was the first, and at this point in my life, the only time I’ve ever had this wine. To say the wine was magical would be an understatement, and Crif Dogs have never tasted the same… [Eater]

A blind item. Read more »

And has no time for pedestrian moves like throwing out the receipt or ripping it up after taking out some cash? Read more »

  • 18 Mar 2011 at 2:46 PM

Japanese-Focused Fund Has Lost 40%

Better than losing things like your life, family, house, possessions, etc, though it’s unclear if the LPs have made it to the the ‘perspective’ stage just yet. Read more »

With Rose McGowen. Read more »