Exis Capital to Shut Down - blames Fairfax

[cwericb]

 

"Mr. Sender, 45 years old and a prominent collector of contemporary art, repeatedly has said a 2006 lawsuit against Exis by the Canadian insurer Fairfax Financial Holdings Ltd. had hurt Exis's ability to raise money."

 

http://online.wsj.com/news/articles/SB10001424052702303942404579360550785047372?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303942404579360550785047372.html

 

 

[StubbleJumper]

 

"Mr. Sender, 45 years old and a prominent collector of contemporary art, repeatedly has said a 2006 lawsuit against Exis by the Canadian insurer Fairfax Financial Holdings Ltd. had hurt Exis's ability to raise money."

 

http://online.wsj.com/news/articles/SB10001424052702303942404579360550785047372?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303942404579360550785047372.html

 

 

Now that's ironic, because the gist of FFH's lawsuit against the hedge fund is that the hedgies' unethical behaviour prevented FFH from being able to raise capital on reasonable terms.

 

Guess the shoe's on the other foot!

[cwericb]

He who has the last laugh laughs best?

[Parsad]

He who has the last laugh laughs best?

 

Well, then either this is the best laugh right now here in my office, or back at Fairfax's offices.  He, he, he! 

 

Sender can at least comfort himself with the fact that he owns probably the most overpriced, overpaid collection of modern art (re: Damien Hurst garbage) in the world!  Cheers!

[cwericb]

I looked at some of Hurst's crap and I hope that Sender's not relying on his "collection" for retirement income.

 

My sister fancies herself as somewhat of an art connoisseur. One day I put a bunch of dots, lines and squiggles on the screen and converted it to a jpg. Emailed it to her and told her it was something Alex Calder had done. She thought it was just wonderful. His colours were so bright and the juxtaposition of the lines were 'just right'. Some people's taste is all in their mouths.

 

While Fairfax has not recovered any monetary value, there is some satisfaction to see that Sender has squandered a good portion of his ill-gotten gains on what most of us would see as worthless junk. Of course he could always invite Steve Cohen over to enjoy his collection - better than going to the crowbar hotel.

 

[Parsad]

I looked at some of Hurst's crap and I hope that Sender's not relying on his "collection" for retirement income.

 

My sister fancies herself as somewhat of an art connoisseur. One day I put a bunch of dots, lines and squiggles on the screen and converted it to a jpg. Emailed it to her and told her it was something Alex Calder had done. She thought it was just wonderful. His colours were so bright and the juxtaposition of the lines were 'just right'. Some people's taste is all in their mouths.

 

While Fairfax has not recovered any monetary value, there is some satisfaction to see that Sender has squandered a good portion of his ill-gotten gains on what most of us would see as worthless junk. Of course he could always invite Steve Cohen over to enjoy his collection - better than going to the crowbar hotel.

 

LOL!  By the way, Cohen also has one of the largest collections of Hurst's artwork I believe.  Cheers!