As mentioned a few weeks back, Bill Ackman decided to hold an intimate little auction on December 8 to unload his “guest apartment” at the UWS’s Majestic, after moving up the block to the Beresford at 211 Central Park West. Ack-boy said he would be playing the auctioneer himself and “provide some excellent wines for participants” in an attempt to get someone to lay down in the ballpark of $950,000. Sadly, the pad apparently only went for “about $320,000,” which has got to hurt, as Ackman bought the place for $450,000 in 2007 and put in $250,000 in renovations. Next time, try Tequila (that’s code for: roofies + steal the checkbook. Don’t be a puss. You’ve got the balls to pitch a 1-stock fund, you can do this. I’ll help).
wine
We’re currently engaged in a carbon footprint reduction offset program. Whenever someone tells us that they are trying to reduce their carbon footprint, we attempt to increase our own. The idea is that our offset makes their reduction pointless, so they should just quit trying.
We kind of forget why we started doing this. But if we ever quit and join the footprint reduction fad, at least we’ll know where we should get our wine. After the jump, a map showing you where your most carbon efficient wine comes based on where you are.
Institutional Investor published its annual ranking of the highest paid hedge fund managers today. There are no suprises. John Paulson came in first with $3.7 billion, followed by George Soros with $2.9 billion, James Simons with $2.8 billion, Philip Falcone with $1.7 billion and so on and so forth (backing up the truck was Viking Global Investors’ O.Andreas Halvorsen with a measly $520 million). Pretty much what you were expecting all along, right? Right. What you probably weren’t expecting, however, is the news that No. 2, Jorges Soros, has announced plans to take some of last year’s income and get into the vino business. He’s already bought up some land in Napa for a vineyard to be named at a later date, and is apparently circulating marketing materials to qualified investors interested in getting in on the fun. DealBreaker has obtained said materials. Find them after the jump
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
