Hedge Fund Manager Who Refers To Wife As An Asset On His Balance Sheet Classifies American Women As A Major Liability

Love 'n Marriage Advice, by Davide Serra.
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“Never, ever marry an American woman. That’s the advice I give my friends.” It may seem an odd way to start an interview, especially one with a female American reporter who is married, but Davide Serra, an Italian hedge fund manager based here in London, is not one to opine gently, or particularly carefully...Not everyone is taken by him. “He’s a big character,” said one senior hedge fund consultant who spoke on the condition of anonymity because of work he does with Mr. Serra. He recalled Mr. Serra telling a joke about prostitutes that did not go over well with a crowd of Americans...How does he have time to work on policy issues, manage the fund, ski in the backcountry, spearfish, climb peaks and spend four weeks each year boating around with his wife, Anna, and four children (also prominently displayed in many photos). “My wife is the real asset on my balance sheet,” he said. She is Italian — a former Gucci model and an interior decorator — and is apparently not nearly as demanding as he believes American wives to be. [Dealbook]

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Hedge Fund Manager Wants 35 Percent Of Ex-Wife's Shoe Collection For Reasons Not Entirely Clear

Daniel Shak is the founder of SHK Management, a hedge fund that reportedly "pulled the plug on its sole investment, spread trades on Comex gold futures," last year. Daniel Shak is also the ex-husband of Beth Shak, who he divorced three years ago and is now suing for allegedly hiding assets in an attempt to cheat him out of settlement money. The assets in question? Twelve hundred pairs of designer shoes, which Shak claims his former wife "hid" from him in a "secret room." The way DS sees it, the footwear collection, which includes "Christian Louboutins and other high-end designer shoes" is worth approximately $1 million and he wants at least 35 percent. The way Beth Shak sees it, this is crazy (“I’m shaking my head over this whole thing,” she told reporters. “He is saying he didn’t know the closet in our master bedroom existed") and she doesn't understand why her ex is going after her shoes now. At this time there appear to be a few possible explanations: a) Daniel is raising money to re-launch his fund (he told the Journal, after liquidating SHK in January 2011, that he'd be "trading again in a few weeks," though it's unclear if that happened). b) He's got gambling debts to repay ("A poker lover himself, he was reached at a card table yesterday but declined to comment"). c) He and John Mack are going to sell them out of the back of a truck. d) He just really appreciates women's shoes. e) Other Hedgie sues poker pro ex-wife over her 1,200-pair designer shoe collection [NYP] Related (...?): Hedge Fund SHK Liquidates, Rattles Gold Market