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P.S. A Bank May Soon Own The Hamptons House (Allegedly!) Trashed By An Ex-Moore Capital Employee And His Cadre Of Gun-Toting Midgets

It's unclear if it will continue hosting the annual party next year.
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Want to own a piece of real estate history made famous over the weekend by a former Moore Capital portfolio manager who was fired when he inadvertently associated Louis Bacon's name with the words "They drowned themselves in Champagne, they had midgets they threw in the pool, they broke into the house, trashed the furniture, art was stolen, we found used condoms"? You can't but a bank may soon. Curbed reports:

It was recently for sale for $3.995M...Zillow is reporting that the owners have been served a Notice of Lis Pendens in May, meaning they’re in default and may be foreclosed on.

Hamptons ‘Sprayathon’ Partygoers Trash an Airbnb [Curbed]


Moore Capital Co-CIO Retiring Because Trading Just Doesn't Get Him Jacked Up Like It Used To

Make millions, lose millions, who cares, what's the point of it all? Greg Coffey, co-chief investment officer of Moore Capital Management LLC’s European business, is leaving the hedge-fund industry after a 20-year trading career, according to a letter sent to investors...Assets in Coffey’s macro fund have slumped to about $100 million from as much as $1.6 billion in 2010. The fund had fallen about 10 percent this year through August before rebounding almost 9 percent last month, according to people with knowledge of the matter, who asked not to be named because the information is private. The fund lost 5 percent last year. Coffey realized that after he had recovered most of this year’s losses in one week in September, he wasn’t as excited about his gains as he might have been in the past, two people who know him said. Coffey then decided it was time to end his 20-year career trading, the people said. Moore Capital’s Coffey to Retire From Hedge-Fund Industry [Bloomberg]