Know Your Hedge-FundeseHedge-fund managers use a lot of lingo. The reason they do this is to trick you into thinking what they do is really complicated, and you are too dumb to understand it. Because after all, if everyone knew what “g-7 crosses” were, everyone would start trying to make piles and piles of money, and then there wouldn’t be as much left for hedge-fund managers! But n+1 was not fooled by their trickery. Recently, they sat down a hedge-fund manager and wrung out of him the meaning of some of his people’s most confounding words. After the jump, a starter guide to the Secret Language of Money.
in other news
O.J.’s Book Set to Drag Us Through the Whole Mess Again, AgainIn a discomfiting turn of events, the family of murder victim Ron Goldman has decided to publish O.J. Simpson’s book If I Did It, the fictionalized tell-all from Simpson’s perspective about what happened the night Goldman and Nicole Brown Simpson were killed. We’ve been waiting all day to hear which New York publishing company will reap the benefits, but thus far, no announcement. Last month, the Goldmans were awarded the rights to the book by a federal judge, since they are owed $33.5 million in damages by the former football star. It will be published with “commentary” from the family. The book’s agent is Sharlene Martin, who made a name for herself by repping celebrity tell-alls like You’ll Never Nanny in This Town Again (by Michael Ovtiz’s angry former nanny) and the unsold This Used to Be My Playground (by Madonna’s angry former nanny). Whatever publishing house prints the book should hire Martin, because she understood what Judith Regan never did: You can’t write books about killing people unless the surviving families get in on the deal. Duh.
New York Company to Publish O.J. Simpson Book [Reuters]
show and talk
Runway Repeats at Parsons Senior Show!
Monday’s senior collections shown at Parsons spotlighting the class’s top designers raised a question: How closely did these students study the runway? These “top collections” looked like top knockoffs to us. Julia Medvedev’s black bodice dress (above) echoed a Versace silhouette. And Sean William Salim’s gold pants were all too reminiscent of Ghesquière’s robotic creations at Balenciaga. Lora Nova even regurgitated Gareth Pugh’s see-through stripes. But it wasn’t all copycats. Boaz Eli, one of Parsons’ Womenswear Designers of the Year, showed garments that were flattering, well cut, and most important, original. More look-alikes after the jump. Kendall Herbst
All Hail the Top Chef
Well, hey, who’d have thunk it? Turns out Ilan won Top Chef. (Of course he did. No surprise ending has been this preordained since John Faso thought he stood a chance against Spitzer.) But, still, even though the result wasn’t in doubt, the great existential question of reality television demands attention: What did it mean? Thankfully, Grub Street’s Josh Ozersky joined New York’s favorite couch potato, Adam Sternbergh, to answer just that question. Read their colloquy on Grub Street.
Ilan Won, Yes, But What Does It All Mean? [Grub Street]
No, One Does Not Go to Lucky Cheng’s for the FoodWe know we’re biased, but we say this in all seriousness: Grub Street has just published its best Ask a Waiter thus far, and what we have to imagine will be the best Ask a Waiter ever. It’s with Dirty Delta of Lucky Cheng’s, and you’ll learn everything you ever wanted to know — plus much more — about being a drag-queen waitress. What does Dirty think about the East Village institution’s food, for example? “You don’t come to Lucky Cheng’s to eat gourmet food,” she says. “You come to see some bitch in a G-string acting crazy at your table.” But of course. There’s so much more at Grub Street.
Dirty Delta of Lucky Cheng’s Serves Orgy Bowls to Britney Spears [Grub Street]