You claim you run money but you spend your whole day on ET, I would say your behavior is questionable..your a wanker compared to Bacon...not sure you even read the Vanity Fair article.
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Wolf of Wall St. style party
- Thread starter dealmaker
- Start date
Perhaps, but it shows just again how disingenuous most in this industry are. You can fire someone for bad performance without any other reason. But using this incident as reason to fire someone is weak and points to bad management. So, as shareholder I now have to ask the question: If it was really bad performance why did they not fire him much earlier...did my investments suffer due to bad management decisions? Plus I am not sure how attractive such fund is to some who are highly profitable PMs and to those who do care about ethics and moral values. I would not want to work for a hf owner who conducts himself like a clown and needs to wait for his poor performing PMs to have pool parties so he can fire them.
Sorry but the more I think about it the more ridiculous this whole story becomes. Teenager party with twitter and facebook kids in the Hamptons...hedge fund owner who himself conducts himself like a teenager in the Bahamas but goes all ape on his employees because he is too much a coward to fire them straight for bad performance...soap opera? Probably...
Brett Barna is not a teenager, he is 31. And like I said before, all the points you make about Moore are completely valid. And all it took was Brett's behavior for this firm to now come under a microscope in which as you said, all the other skeletons will come out. I'm not defending Moore here. But what just happened is because of one guys actions, the performance, the management, and all actions now taken by this fund will come under incredible scrutiny. You are right, there are plenty of reasons to pull the money from this firm, but until this event happened, none of us here were talking about it. Of course the industry is disingenuous. LOL. There is nothing reasonable, rational, or moral about what goes on in this business. Everyone has the option of teaching 3rd grade public school and doing good things in the world for little money. But they choose not to and they choose to work on Wall Street and make as much money as humanly possible. I think the 2008 credit crisis speaks much more to the character of Wall Street then this party does. I don't know if you remember this, but after the credit crisis, after "we" the taxpayers bailed out these sycophants, the CEOs of all these banks put out memos to all their employees (who got paid huge bonuses with tax payer money) lay low for awhile. Cut back on the bling, stay out of the media, don't get in trouble, take the money and be invisible. These firms don't like the spotlight, it brings attention from regulators, media and sour investors. What Brett did is he turned on a spotlight and shouted with a megaphone, "look at me"! What's the over/under on how soon this guy finds work again. I've bookmarked his LinkedIn profile. I suspect his next job will be in Ohio working at a call center.
so the old ET accusation again : " Because you did not make as much money as xyz you have no right to question their ethical values?". Laughable.
You claim you run money but you spend your whole day on ET, I would say your behavior is questionable..your a wanker compared to Bacon...not sure you even read the Vanity Fair article.
I concur with all your points and fully agree except that this party put his firm more into the spotlight than it was before. Well perhaps for the casual ET reader who does not have much access to the HF insight scoops in the first place. But most professionals were fully aware of Bacon and his weird actions in his personal life long time ago.
Brett Barna is not a teenager, he is 31. And like I said before, all the points you make about Moore are completely valid. And all it took was Brett's behavior for this firm to now come under a microscope in which as you said, all the other skeletons will come out. I'm not defending Moore here. But what just happened is because of one guys actions, the performance, the management, and all actions now taken by this fund will come under incredible scrutiny. You are right, there are plenty of reasons to pull the money from this firm, but until this event happened, none of us here were talking about it. Of course the industry is disingenuous. LOL. There is nothing reasonable, rational, or moral about what goes on in this business. Everyone has the option of teaching 3rd grade public school and doing good things in the world for little money. But they choose not to and they choose to work on Wall Street and make as much money as humanly possible. I think the 2008 credit crisis speaks much more to the character of Wall Street then this party does. I don't know if you remember this, but after the credit crisis, after "we" the taxpayers bailed out these sycophants, the CEOs of all these banks put out memos to all their employees (who got paid huge bonuses with tax payer money) lay low for awhile. Cut back on the bling, stay out of the media, don't get in trouble, take the money and be invisible. These firms don't like the spotlight, it brings attention from regulators, media and sour investors. What Brett did is he turned on a spotlight and shouted with a megaphone, "look at me"! What's the over/under on how soon this guy finds work again. I've bookmarked his LinkedIn profile. I suspect his next job will be in Ohio working at a call center.
LOL
More COPING from the bitter, jealous loser
You're FOS
Why?
The delusional fantasist loser supposedly lives & works in HK - 1 of the top 3 most expensive real estate in the world - and he's complaining about house prices?! LOL
Are you living under a bridge in HK to save money?
B/c "money can't buy happiness", feed the poor in Africa & all the other useless memes blabla LOL
That is the price of property in New York/Hamptons/London/HK/Monaco..
Anyone who's lived in these places or been around wouldn't sound so shocked.
So you sound naive..or a liar.
A good liar creating a fantasy should have a good memory & extensive knowledge about the world around them. You have none.
No one is stopping you returning to your cheap property in the sticks in Germany.
What's stopping you?
Thing is no one with money actually wants to live there in your shit hole village in Germany.
There's nothing there, no jobs, nothing.
That's why you left, remember.. LOL
However I'm sure the "Syrian" refugees would love it there while raping the German women (& boys).
You know - the refugees invading Europe b/c Merkel UNILATERALLY let them in without consulting with ANY other countries.
EU a democracy, my ass.
INCONGRUENCE
Obsessive aspie/autist spends all his time 24/7 on ET..
Past aliases AsiaProp, Volcunter.
Delusional fantasist claims he's a Prop trader in Asia, my ass.
Now he's supposedly managing OPM? Bwahaha
Saying you're a prop trader in Asia is saying you FAILED
It's like saying you're the fastest sprinter in India (100 M in 10.30 sec. LOL)
It's not an achievement. It's worthless.
B/c you couldn't make it elsewhere
If you were any good you'd be in London or New York as a PM
LOL
More COPING from the bitter, jealous loser
You're FOS
Why?
The delusional fantasist loser supposedly lives & works in HK - 1 of the top 3 most expensive real estate in the world - and he's complaining about house prices?! LOL
Are you living under a bridge in HK to save money?
B/c "money can't buy happiness", feed the poor in Africa & all the other useless memes blabla LOL
That is the price of property in New York/Hamptons/London/HK/Monaco..
Anyone who's lived in these places or been around wouldn't sound so shocked.
So you sound naive..or a liar.
A good liar creating a fantasy should have a good memory & extensive knowledge about the world around them. You have none.
No one is stopping you returning to your cheap property in the sticks in Germany.
What's stopping you?
Thing is no one with money actually wants to live there in your shit hole village in Germany.
There's nothing there, no jobs, nothing.
That's why you left, remember.. LOL
However I'm sure the "Syrian" refugees would love it there while raping the German women (& boys).
You know - the refugees invading Europe b/c Merkel UNILATERALLY let them in without consulting with ANY other countries.
EU a democracy, my ass.
Omg. Did you look at the photos? 20 million for this shitty looking mansion? It looks more like it's right before breaking apart. Even social welfare housing in Germany looks better than this crap home. And take a look at those attendees. Looks more like a community college spring break party. I am sure that PM got fired for associating with hooligans and pimps. If that is the standard of hedge fund employees partying around New York today I am glad I moved jobs from NY to Tokyo and now HK years ago.
INCONGRUENCE
Obsessive aspie/autist spends all his time 24/7 on ET..
Past aliases AsiaProp, Volcunter.
Delusional fantasist claims he's a Prop trader in Asia, my ass.
Now he's supposedly managing OPM? Bwahaha
Saying you're a prop trader in Asia is saying you FAILED
It's like saying you're the fastest sprinter in India (100 M in 10.30 sec. LOL)
It's not an achievement. It's worthless.
B/c you couldn't make it elsewhere
If you were any good you'd be in London or New York as a PM
LOL
You claim you run money but you spend your whole day on ET, I would say your behavior is questionable..your a wanker compared to Bacon...not sure you even read the Vanity Fair article.
I concur with all your points and fully agree except that this party put his firm more into the spotlight than it was before. Well perhaps for the casual ET reader who does not have much access to the HF insight scoops in the first place. But most professionals were fully aware of Bacon and his weird actions in his personal life long time ago.
There is plenty of talent out there eg Moore Capital Management once employed Greg Coffey aka Wizard of Oz ( he retired at 41 with a fortune of roughly $700M ). HFs don't have to deal with PMs they consider pain in the neck especially the ones under-performing if, you don't believe me check out the conversation between Steve Arnold Cohen and Cliff Asness at Milken Global Conference 2016 and what Ken Griffin said at Milken Global Conference 2015. Louis Moore Bacon is the founder of the HF in question and the majority share-holder thus he is not fire-able.
https://en.wikipedia.org/wiki/Louis_Bacon
http://www.dailymail.co.uk/news/art...Greg-Coffey-RETIRES-430m-fortune--age-41.html
http://www.milkeninstitute.org/events/conferences/global-conference/2016/panel-detail/6168
http://www.milkeninstitute.org/even...ence/global-conference-2015/panel-detail/5558
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Everything you say I 100% agree with. It does not make it less curious, though, that Bacon is brought in connection with the KKK, that he has nothing better to do than spending millions over many years to fight another billionaire over noise levels regarding properties in the Bahamas. It simply raises eyebrows to fire someone because of party related issues and rather than being direct in case the reason for dismissal was performance. Makes investors wonder where the heart of the hf founder really is and the focus of his concerns
There is plenty of talent out there eg Moore Capital Management once employed Greg Coffey aka Wizard of Oz ( he retired at 41 with a fortune of roughly $700M ). HFs don't have to deal with PMs they consider pain in the neck especially the ones under-performing if, you don't believe me check out the conversation between Steve Arnold Cohen and Cliff Asness at Milken Global Conference 2016 and what Ken Griffin said at Milken Global Conference 2015. Louis Moore Bacon is the founder of the HF in question and the majority share-holder thus he is not fire-able.
https://en.wikipedia.org/wiki/Louis_Bacon
http://www.dailymail.co.uk/news/art...Greg-Coffey-RETIRES-430m-fortune--age-41.html
http://www.milkeninstitute.org/events/conferences/global-conference/2016/panel-detail/6168
http://www.milkeninstitute.org/even...ence/global-conference-2015/panel-detail/5558
Sorry in case I destroyed your life goal and passion to save up for a home in the Hamptons. But if you cannot afford to pay the price for the land and putting up a new home in the Hamptons then you may want to consider a different location. HK real estate is also shitty and prices are completely dislocated from their true intrinsic values but there are choices right?
Maybe I can interest you in a job in Hong Kong? No capital gains taxes here and income taxes are capped at 15%. Not bad huh? It may bring you closer to your financial goals faster. At least you earn way more than for an equivalent job in NYC.
Maybe I can interest you in a job in Hong Kong? No capital gains taxes here and income taxes are capped at 15%. Not bad huh? It may bring you closer to your financial goals faster. At least you earn way more than for an equivalent job in NYC.
LOL
More COPING from the bitter, jealous loser
You're FOS
Why?
The delusional fantasist loser supposedly lives & works in HK - 1 of the top 3 most expensive real estate in the world - and he's complaining about house prices?! LOL
Are you living under a bridge in HK to save money?
B/c "money can't buy happiness", feed the poor in Africa & all the other useless memes blabla LOL
That is the price of property in New York/Hamptons/London/HK/Monaco..
Anyone who's lived in these places or been around wouldn't sound so shocked.
So you sound naive..or a liar.
A good liar creating a fantasy should have a good memory & extensive knowledge about the world around them. You have none.
No one is stopping you returning to your cheap property in the sticks in Germany.
What's stopping you?
Thing is no one with money actually wants to live there in your shit hole village in Germany.
There's nothing there, no jobs, nothing.
That's why you left, remember.. LOL
However I'm sure the "Syrian" refugees would love it there while raping the German women (& boys).
You know - the refugees invading Europe b/c Merkel UNILATERALLY let them in without consulting with ANY other countries.
EU a democracy, my ass.
INCONGRUENCE
Obsessive aspie/autist spends all his time 24/7 on ET..
Past aliases AsiaProp, Volcunter.
Delusional fantasist claims he's a Prop trader in Asia, my ass.
Now he's supposedly managing OPM? Bwahaha
Saying you're a prop trader in Asia is saying you FAILED
It's like saying you're the fastest sprinter in India (100 M in 10.30 sec. LOL)
It's not an achievement. It's worthless.
B/c you couldn't make it elsewhere
If you were any good you'd be in London or New York as a PM
LOL
I'll rescind my previous comments in light of the new information.