Ouch: John Devaney, the former billionaire baller and skipper of the imploded and liquidated Horizon Funds (and yacht "Positive Carry") didn't get such a great reception last Monday when he spoke at an annual conference for asset backed securities held in Miami. According to the NY Post, he was booed on stage during a "rant on why the markets were wrong and he was right". Later that evening he held an invitation only party on his mom's yacht (since his "Positive Carry" had been sold)...
During the night, two investors who had lost a total of $1.5 million continued to stew over their loss and, with the help of a few cocktails, cooked up a plan to steal some of the expensive art hanging on the walls of the yacht, our spies reported.
It was the only way they would ever see a dime's return on their Devaney investments, they thought. After the party ended, the duo returned to the boat. But before they boarded, the thought of getting arrested for grand larceny got the better of them and they backed off.
It was the only way they would ever see a dime's return on their Devaney investments, they thought. After the party ended, the duo returned to the boat. But before they boarded, the thought of getting arrested for grand larceny got the better of them and they backed off.
Devaney Booed Off Stage - NY Post
Devaney is such a dick.
Posted by: Paul V | October 26, 2008 at 08:51 PM