My Shark Tank Is Bigger Than Your Shark Tank

Posted by , Apr 28, 2006, 3:21pm

Fortune says the new status symbol for hedge funds is a massive aquarium**:

City Aquarium, which he founded in 1999, now has a client roster that includes sultans, supermodels, Russian heiresses, Broadway producers, and an increasing number of hedge funds like SAC Capital Advisors and Sandell Asset Management (both declined to comment on their expensive toys). "Aquariums are status symbols," says [City Aquarium owner] Muir, who has also designed aquariums for hedge fund managers' homes. "These guys say, 'Okay, if we are going to do [an aquarium], it has to be hot.' " So what's the hottest thing right now in hedgie tanks? Sharks, natch. The price: around $2,000 each.
When we hear "shark tank" and "SAC" in the same sentence, we either think, "metaphor," or this, which Stevie Cohen bought for $12 million:
hirst.jpg
Does that count as an aquarium?

**One vendor in New York = trend.

Latest Status Symbol: $600,000 Aquarium [CNNMoney/Fortune]

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Posted in: Hedge Funds

Comments

Posted by sac, Apr 28, 2006 5:55PM

Liar. You think of me.

Posted by testes_mcghee, Apr 28, 2006 6:51PM

Liar. You think of me.

Posted by UT 1L, Apr 28, 2006 7:21PM

WTF? how the fuck does the shark not get pissed off staying in a tank only 3 times it's size?

Posted by M, Apr 29, 2006 1:34AM

hey dip shit,

That's the Damien Hirst piece.

Posted by UT 1L, Apr 29, 2006 3:20AM

whatthefuck is a "damien hirst"? im sorry, im not familiar with that. is it similar to a rusty trombone?

Posted by Giordano, Apr 29, 2006 1:59PM

UT 1L, I hope you're joking. Either that, or you need to buy some modern art books...

Posted by Da Bockwai, Apr 30, 2006 1:33AM

How else do you think Stevie feeds this monster? Obviously he tosses his worst performing trader into the tank each month. If the poor bastard can get out after 5 min under his own power then he gets to stay another month. ;)

Posted by UT 1L, May 01, 2006 3:47AM

so it's not simliar to a Rusty Trombone? then is a "damien hirst" similar to a Cleveland Steamer?

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