Last night we got a piece of devastating news. The Pirate that has stood in the lobby of Pirate Capital’s 800 Connecticut Avenue office in Norwalk has gone missing. That’s right– the mascot who’s been there through it all– through the
cockminnow fights on the floor, the trips to PetSmart, the proxy battle tee-shirts, the (spawn of) Michael Bolton years, the (spawn of) Michael Bolton abandonment, the AUM shrinkage, and the Sugar Daddy Days– is no longer. And this got us worried. We hadn’t heard from Tom Hudson and the swashbucklers in quite some time, and despite what we figured were assets under management of about 15-large, and the news that Tommy Boy had literally dug his own grave, we just thought that things would be okay. And then this. Getting rid of a stupid Pirate mascot might not seem like a big deal to some other fund managers but for Tom Hudson and his well known eye-patch fetish, it does not bode well. And it gets worse.