The London Evening Standard reports that 7 British traders (among them, BGC Partners’ head of FX options in London and a Citibank EM options guy) found themselves locked in a lift this week, following an evening of “eating sushi and drinking” with clients. Despite “shouting for help” and “pressing the emergency button,” the group was stuck for over three hours. In that time, they took a nap (captured by one of their cameras in the photo at left) and maybe did some other stuff not suitable for visuals? Read more »

If you were going to (ALLEGEDLY!) try to murder someone, how would you do it? For those who’ve been searching in vain for a way that might not immediately reveal itself to the authorities, a pioneering hedge fund manager’s got a tip for you.

Police have allegedly confiscated four pieces of dangerous sound equipment from the Lyford Cay home of billionaire Louis Bacon. The speakers are said to emit certain frequencies of irritating and annoying soundwaves that could possibly stretch over a wide range. Further investigations revealed that if used properly, the speakers have the potential to cause structural damage and even death.

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  • 12 Jan 2010 at 11:11 AM

Ex-Mrs. SAC Drops Suit Against Stevie (UPDATED)

DealBook reports that Patricia Cohen, the ex-wife of Steve, has dropped her lawsuit against the big guy, after filing it less than a month ago. SAC spokesman Jonathan Gasthalter said in a statement: “As we have said from the outset, these decades old allegations by Mr. Cohen’s former spouse were patently false and entirely without merit. We are not surprised that, when faced with our motion for sanctions, they withdrew the complaint.” Also, Zambonis never lose.
Notice of Voluntary Dismissal [PDF]
UPDATE: Uh, so Patricia has this to say: “I did not authorize Paul to withdraw the case. My attorney, Gaytri Kachroo, will take the necessary actions in response to this.” So we’re back on!

Last week we wondered aloud whether or not former TCW CIO Jeffery Gundlach had been set up by his employer to look like a sex-crazed maniac. To recap, Gundlach is being sued by TCW for, among other things, conspiracy, unfair competition and theft of proprietary (Gundlach started his own firm last month, DoubleLine LLC). The other “things” are the items the firm claimed to have found by searching Gundlach’s offices (one in Santa Monica, one in LA), which included drugs, paraphernalia (“bearing evidence of recent use”), 12 sexual “devices,” 34 “hardcore pornographic magazines,” and 36 “hardcore sexually explicit DVDs and videocassettes.” The sheer volume of stuff seemed suspect to us (what could he possibly need with thirty-six different DVDs), and we felt that it was our duty to get to the bottom of the whole thing, by asking you people, in your professional opinions, if you thought the guy was set up. Although over 67% of you agreed that yes, TCW must’ve stashed the stuff in Gundlach’s office to make him look bad (or like he was operating a online wholesale sex shop distributor and keeping the inventory at his office), we’ve been informed that the answer is no. By Jeffery Gundlach. Who took ownership of the items in a letter to his new clients today.
Also! I’ve spoken with someone extremely familiar with the matter, who was kind enough to provide me with a bit more specific accounting of the aforementioned items. Disclaimer: obviously, this is the sort of thing that, in lieu of having the actual DVD titles, description of the devices, etc, I would be forced to “imagine” whether or not Gundlach was a fan of, say, Backdoor Sluts 9. So I understand that you might automatically assume the following was made up straight from the mind of Bess Levin. But no: this is the stuff Gundlach kept in his office, for real:

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dickfuld.jpgAlso, does anyone have any money they’d like to free up for the Gorilla? ‘Cause that’s something he would like to get a piece of, over at the new shop.

Fuld is trying to raise funds from private equity and other investors that would provide aid to small businesses seen as “growth companies.” The aid would be provided by using his Rolodex of market contacts to help firms raise capital or by providing financing, people familiar with the matter said. The effort is being done through Fuld’s Matrix Advisors, a small firm he set up earlier this year…one source said Fuld still maintains that Lehman didn’t want or need a lifeline from Uncle Sam to stay afloat, and that had he struck a deal for a capital infusion with a group of South Korean investors, the firm would be around today.