Happy Birthday

cityfile · 12/24/09 06:45AM

Kate Spade turns 47 today. Hedge fund manager Jim Chanos is turning 52. Former Observer owner Arthur Carter is 78. Jonathan Benno, Per Se's outgoing chef who will soon be opening a restaurant of his own, is 40. Annette de la Renta, the wife of Oscar de la Renta and a charity gala fixture, is turning 70. Ryan Seacrest turns 35. Ricky Martin is celebrating his 38th. Author Mary Higgins Clark is turning 82. Heiress Marylou Whitney is 84. And actor Mekhi Phifer is 35. A few people with Christmas birthdays are listed below.

Would a $50 Million Townhouse Make You Happy?

cityfile · 01/13/09 04:45PM

Few real estate brokers did better during the boom times than Paula Del Nunzio, the Brown Harris Stevens mega-agent who unloaded eight-figure townhouses to the likes of hedge funders Phil Falcone, Jim Chanos, and John Paulson and our fave Tblisi-born cabdriver-turned-real estate baron, Tamir Sapir. With New York's real estate market headed off a cliff, it's unlikely that Del Nunzio's record-setting deal—the sale of the Harkness Mansion to financier J. Christopher Flowers in 2006 for $53 million—will be surpassed any time soon. But is Flowers, who reportedly enjoys plays chess against himself, really happier than the rest of us because he gets to set up his chess board in a small corner of a magnificent 22,000-square-foot limestone mansion overlooking Central Park?

John Thain's Bonus, Monday Morning Rally

cityfile · 12/08/08 06:19AM

♦ Merrill Lynch CEO John Thain is tangling with the bank's board over a $10 million annual bonus he says he deserves for "saving" the firm and selling it to Bank of America. [Reuters]
♦ Ken Griffin's Citadel is closing up shop in Tokyo. [Bloomberg]
♦ UBS may be planning to shed another 4,500 jobs. [DB]
♦ Sam Zell's Tribune Co. has retained Lazard to assist the company with a possible bankruptcy filing. [WSJ]
♦ The outlook is increasingly grim for Wesley Edens' Fortress Investment Group: Shares have gone down more than 90 percent this year. [NYP]
♦ Plenty of problems also face Leon Black and his Apollo Management. [NYT]
♦ But it's been a good year for hedge fund manager Jim Chanos, despite the whole Ashley Dupre thing. [NYM]
♦ Stocks are expected to gain big today with the news of an auto bailout. [CNN]

An Acquisition for Citigroup, More Money for AIG

cityfile · 11/10/08 06:15AM

♦ Citigroup is in talks to buy a regional bank, says the WSJ. Which bank it is they're planning to acquire isn't clear. [WSJ]
♦ The bailout of AIG that was originally going to cost $85 billion and was later revised to $123 billion? Yea, well, now it's $150 billion. [WSJ, Bloomberg]
♦ October was another down month for hedge funds: Since the beginning of September, the average fund has shed 10 percent. [NYP, Bloomberg]
♦ The man who may go down as the hedge fund industry's big winner in 2009: Jim Chanos, whose Ursus fund is up 50 percent so far this year. [NYP]
♦ Asian stocks rallied on Monday after China announced a $586 billion bailout package. [Bloomberg]