IMAGES

  1. Subprime's Other Victims: The Yacht-Owners

    john devaney yacht

  2. John Delaney Acrylic on Canvas "Steamship Eagle" or "Ferry with

    john devaney yacht

  3. Subprime hedge fund manager forced to put yacht up for sale

    john devaney yacht

  4. Subprime's Other Victims: The Yacht-Owners

    john devaney yacht

  5. John Delaney Acrylic on Canvas "Steamship Eagle" or "Ferry with

    john devaney yacht

  6. John Delaney Acrylic on Canvas "Steamship Eagle" or "Ferry with

    john devaney yacht

COMMENTS

  1. Subprime hedge fund manager forced to put yacht up for sale

    Hedge fund manager John Devaney, whose fund ran into trouble from the sell-off in securities backed by subprime mortgages, is having to put his huge yacht up for sale, seeking $23.5 million.

  2. Hedge Fund Manager Describes Rock Bottom

    One by one, John Devaney sold his treasures, hoping to forestall what was in the end inevitable. He sold his Renoir and his Gulfstream, his home and his helicopter. Even his cherished yacht gone.

  3. Once Reviled, Hedge-Fund Manager Rebounds

    John Devaney, once blamed for helping to create the financial crisis, lost every penny in his $650 million hedge fund. ... $10 million helicopter, $45 million art collection and $22 million yacht ...

  4. Subprime's Other Victims: The Yacht-Owners

    From DealBook colleagues Jenny Anderson and Julie Creswell: You've gotta feel for him. John Devaney, United Capital's chief executive and a one-time master of the mortgage market who has been taking it on the chin lately, has put his yacht up for sale — for $23.5 million. According to TheStreet.com, he is selling his 142-foot Trinity yacht, dubbed Positive Carry, and his $16.5 million ...

  5. How Many Yachts Can John Devaney Water-Ski Behind?

    After freezing redemptions in June, Devaney is still struggling to keep his investment vehicle afloat, as his investors are running for the exit. United Capital has assets under management of $620 ...

  6. WHERE ARE THEY NOW?: 'the Big Short' Edition

    John Devaney. This hedge fund manager had to sell his yacht after investing in subprime mortgages. He wrote, "I was long in 2007 and I was wrong." He learned the hard way how bad things got.

  7. Anchors Away! Fund Boss' Yacht on Block

    A high-profile hedge fund manager whose fund has had to wrestle with poor performance has put his 142-foot yacht on the block. ... United Capital Markets founder John Devaney has put "Positive ...

  8. The rise of the big, but not too big, McYachts

    John Devaney bought his first boat,a dinghy, when he was 7 years old for $100 that he earned from cutting lawns. He acquired a 100-foot power yacht when he was 29. Now 36 and the owner of a Florida...

  9. The Crash of the King of Liquidity

    Key Biscayne's high-flying hedge fund operator, John Devaney, once called "The King of Liquidity," has crashed and burned. ... But he still has a 126-foot yacht, the Dorothy Ann — a ...

  10. Creators of Credit Crisis Revel in Las Vegas

    Creators of Credit Crisis Revel in Las Vegas. John Devaney, a money manager, lost on bond investments. Barbara P. Fernandez for The New York Times. By Vikas Bajaj. Feb. 8, 2008. LAS VEGAS It was ...

  11. Devaney Booed Off Stage

    JOHN Devaney, who be came the poster-boy for hedge-fund blow-ups when his $600 million fund went belly-up earlier this year after a wrong-way bet on the direction of the asset-backed securities ind…

  12. Delusional And Destitute HF Manager Throws Huge Party In His Honor

    Former* hedge fund manager John Devaney, pictured here with the yacht he had to sell several months back when United Capital Markets lost a boatload (heh) of money, threw a lavish party at the ...

  13. Distressed bond trader Devaney ponders new fund

    Devaney accumulated yachts, jets and real estate until the financial crisis led to the implosion of his risky mortgage fund business. ... "John Devaney is like a barometer for the whole ABS market ...

  14. Hedge Fund Manager Devaney Returns to Subprime After Yacht Sale

    Bloomberg- Hedge fund manager John Devaney, who had to sell his yacht and jet plane last year after wrong-way bets on mortgage securities, says it's time to buy bonds backed by subprime loans. The chief executive officer of United Capital Markets Holdings Inc., who lost more than 35 percent for at least one client last year and prevented ...

  15. John Devaney Apparently Selling Everything Not Nailed Down

    Once high-flying hedge fund manager John Devaney, ... Within the past 18 months he has hawked his 142-foot yacht, the Positive Carry ($23.5 million), a Sikorsky helicopter ($11 million) and a ...

  16. As Subprime Market Implodes, a Contrarian Prospers

    John Devaney, 36, at his home in Key Biscayne, Fla., with his wife, Selene, their three children and their yacht, "Positive Carry." His success in the asset-backed securities market over the ...

  17. Hedge fund founder puts yacht up for sale -report

    A hedge fund manager whose fund ran into rough weather earlier this month has put his yacht up for sale, the New York Post reported on Monday.

  18. Lawyerly Lairs: Star Litigator Bails Hedge-Funder Out of $8 Million

    In July, Devaney placed his 142-foot yacht Positive Carry up for sale. He was asking $23.5 million for the boat with four Jacuzzis. The following month, his company's Sikorsky S76C helicopter ...

  19. John Devaney

    John Devaney litigates commercial, political law, regulatory, and pro bono matters. He has represented clients in dozens of proceedings before federal and state courts, and administrative agencies throughout the country. John served as litigation counsel for then President-elect Joe Biden and Vice President-elect Kamala Harris in election recount and election contest proceedings in Michigan ...

  20. Everyone Loves a Non-Cagey Rich Person

    Yacht kept by John Devaney, 41, when his hedge fund collapsed, costing him $100 million and his investors $650 million: "25-foot yacht named Dorothy Ann after his mother. Mr. Devaney says it is the only 'toy' he kept." He uses it as transport to get from his house in Key Biscayne, Fla. to his 16,000-square-foot house in the Bahamas.

  21. Abandon ship

    THE symbolism is almost too perfect. According to TheStreet.com, a financial website, John Devaney, a hedge-fund manager, has put his 142-foot yacht Positive Carry up for sale, along with his 16 ...

  22. Hedge-Fund Manager John Devaney Is Just Such a Dork

    By Jessica Pressler, a writer living in New York. Our office vending machine. Hedge-fund manager John Devaney is one of those terrible dorks who is just begging to be bullied. If he were on Mad ...

  23. Yacht Owners Register • 2024 • Yachts & Owners

    Tedesco bought his yacht Espresso from United Capital Markets founder John Devaney. Her previous name was Positive Carry. Her previous name was Positive Carry. Esense - sailing yacht - 43.7m (143.3ft) - Wally Yachts - 2006