House of the Day: 170 South Oxford Street
This house at 170 South Oxford Street in Fort Greene is a cutie, all the more charming for its unusual large front yard. The 4,000-square-foot brick house, which is asking $1,675,000, appears to be in excellent shape too. Probably its biggest drawback is its location. While quite convenient, these blocks between Fulton and Atlantic generally…
This house at 170 South Oxford Street in Fort Greene is a cutie, all the more charming for its unusual large front yard. The 4,000-square-foot brick house, which is asking $1,675,000, appears to be in excellent shape too. Probably its biggest drawback is its location. While quite convenient, these blocks between Fulton and Atlantic generally don’t command the same prices as those to the north. This place in particular has an uphill battle given its proximity to the Ratner-developed newish townhouses.
170 South Oxford Street [Corcoran] GMAP P*Shark
hedge funds are not bad per se – just that they have employed questionable strategies during the last two years (primarily excessive leverage).
You have to remember that money is only there to keep score of relative assets. A hedge fund that is down c.10% is doing pretty well when you consider that it can now own almost twice as much of the S&P as it could at the start of the year, almost twice as much oil, and almost twice as much property in much of the country.
That this hedge fund has underperformed against cash is not great but needs to be set against the context that in most years cash is an underperformer due to its value erosion from inflation (or go to Harare for a realtime experience of this).
“Finally he commences his daily routine of chugging the sugary sweet wine made, believe it or not, in Lodi, NJ, until all that remains at the bottom of his washtub are the apples.”
I took a dump the night before. ; ^ P
Dave’s idea of a Hedge Fund is having a gimp ball in his mouth to help with the screaming!
J.P. Morgan’s Once-Hot Highbridge Goes Cold
http://online.wsj.com/article/SB122818726575871543.html?mod=googlenews_wsj
Highbridge Capital Management helped its owner, J.P. Morgan Chase & Co., become one of the biggest hedge-fund managers in the world. But like many prized assets roiled by this year’s markets, Highbridge has shrunk considerably, and now many investors want out.
Investors have asked to withdraw 36% of the assets from the firm’s flagship multistrategy fund, the firm’s biggest. The exodus, combined with investment losses, could reduce the once-$15 billion fund to $6 billion, according to people familiar with the fund.
The decline means J.P. Morgan will miss out on hundreds of millions of dollars in fees that Highbridge contributes to the bank when its funds make money.
But Dave’s Hedge fund is up?????????????!!!!!!
RRRRRRRRIIIIIIIIIGGGGGGGHHHHHHTTTTTTTTTTTTTTTT!!!!!!!!!!!!
The What (But.. But they are closed?????!!! What about my money?????!!!)
Someday this war is gonna end…
Dave uses strictly practices an advanced method called “apple dunking.”
First he thumbs through the stock section of the Wall Street Journal and randomly picks out tens stocks with symbols he likes the sound of like COX, SLAP, and SUQ.
Then he carves the names of each “stock of the day” into its own apple, and drops all ten newly inscribed apples into a large tin washtub full of Costco’s cheapest wine-in-a-box.
Finally he commences his daily routine of chugging the sugary sweet wine made, believe it or not, in Lodi, NJ, until all that remains at the bottom of his washtub are the apples.
If Dave hasn’t yet passed out, he eats one of the apples, types some gibberish postings on Brownstoner about his “hedge fund,” and ends his days wistfully wishing he’d bought more wine-in-a-box at Costco.
dave – wut kinda strategies your hf employs
Dave: You don’t have to worry about me meeting any requirements for investing in your, or anyone’s, funds. You won’t survive this downturn, and I will, so be careful about presuming to the last laugh.
This is a real estate blog, you have to assume that everyone posting here is arrogant on the verge of delusional. Have you heard us go on about major appliances or bathroom finishes? We are hallucinatory. Nothing written here has the remotest relevance to real life, which in Brooklyn tends to be pretty low-down and mean. just fyi.
Besides the back and forth chittie chat i do agree with some earlier comments that I am missing here on this site some interesting sales within a descent budget. for example:
http://
http://www.bedstuyinfo.com/homepage.htm?in_listing=5499683&ref=Trulia
Unless i am surrounded with the nouveau and old riches and other mansion lovers.
comon brownstoner put some workingclass buildings in the spotlight.
Dave, say what you like, but you have to admit that Cousin What hit the nail on the head many months ago.
We were living through a mutant asset asshat bubble, the damn thing has burst and now we are looking at going to hell in a shitpail, n’est-ce pas?
The Dow is down again another 600-plus points. This shit isn’t normal.
What kind of job do you have What??