Everything You Need To Know About Adam Sender

Not many business people can be like Adam Sender. This man is a renowned hedge-fund maverick who also loves art. Adam who reportedly owns more than 700 pieces of art has been known to mount an exhibition at his private residence in Miami. A business man will always be a creative person, and it does not surprise many that this man who has been successful as a trader has been investing his profits by buying arts. Sender has been collecting art since the late 1990’s. His collection involves a lot of artwork that had increased a lot of value-wise compared to when he bought them.

Sender who has in the past been embroiled in a lawsuit by a Toronto-based firm, says that he is still collecting artwork. He is very keen to gather artwork by new artists and especially those that not very many people know of. However, he is very particular about only dealing with artists who have a bit of experience.

He rarely works with those who are still in school or those who have just finished. Experience with trading has taught this man to work with only artists that are experienced. Asked about what triggered him to think about the unique art exhibition, he casually says that he loves experimenting with new ideas as long as they make him money.

Art to Sender is more of an addiction and not a hobby. Everywhere he spends time including his office has a lot of art hanging on the walls. This 42-year-old man says he just can not stop acquiring art. In the pop festival that he planned, he says that he intended to create a fictional scenario in which his collection has grown so enormous such that he has been forced to pack up and move from his own house. Literally, the art has taken over his home.

His curator Ms. Aibel, who was involved a lot in the festival installed over 70 pieces of artwork in the 5,000 square feet house. She did a very thorough job fitting the pieces in the most strategic positions around the house. Pieces with sexy or provocative themes were strategically placed in places like the bathroom or the bedrooms.

Sender who has in the past loaned his pieces to institutions like Los Angeles County Museum of Art always wanted to have a festival to exhibit them. He has considered buying a unused church space and turn it into a private gallery. He, however, changed his mind and decided go the phenomenal way. The event that was a huge success has set him on an entirely new level when matters related to art ownership and collection are involved. Once a businessman always a businessman.

A Perspective on James Dondero

James Dondero is the co-founder and president of Highland Capital Management. With over thirty years of experience in credit and equity markets, Mr. Dondero is focused largely on high yield and distressing investing. This means that his aim is to return the most for his clients, with the understanding that there is significant risk to the initial investment. Mr. Dondero offers access to Highland Capital’s portfolio of Collateralized Loan Obligations (CLOs), institutional developing credit, retail investments worldwide, hedge funds, private equity funds, mutual funds, REITs, and ETFs. This broad range of products, available to Mr. Dondero through Highland Capital, allows him to tailor a solution for each client so that they receive the highest return on their investment, regardless of how they choose to invest their money. James Dondero is very active in the community in a philanthropic manner, investing his time and energy in organizations that promote education, veteran’s affairs, and public policy. His experience with community service rounds him out as an individual, and gives him a chance to give back to the community that has supported him in Dallas for so long. By giving back, he demonstrates that he is not just a faceless banker, but someone who cares about the community in which he lives, and wants to see it thrive as much as his business thrives. Prior to working for Highland Capital, Mr. Dondero was successful working at building out the GIC at Protective Life, from nothing to over $2 billion. He has also worked for American Express as the Corporate Bond Analyst and Portfolio Manager. He has had countless other experiences since graduation and before helping to found Highland Capital. James Dondero’s educational background is from the University of Virginia, where he graduated from the McIntire School of Commerce with dual degrees in Accounting and Finance. He is also a Certified Management Accountant and Chartered Financial Analyst. James Dondero is someone who demonstrates what success in the field of finance and finance management looks like. He has worked hard his entire life to get to the position he is in with Highland Capital, and along the way he has demonstrated his capabilities at each position he has held. His philanthropic attitude allows him to give back to his community in Dallas, which gives his name and position and actual face with the community. While few achieve the success Mr. Dondero has achieved, he should stand as a testament to what is possible if one puts forth more than the minimum effort and truly strives to be great.

Kyle Bass Predicts Impending Chinese Banking Problem

Hedge fund manager Kyle Bass shared a theory about what could happen to credit growth in Asia on CNBC. Does the trade strategy espoused by Hayman Capital Management’s managing partner match? Or is this a guaranteed prognostication of trouble for banks in Asia?

According to Bass, there is unsustainable growth currently underway in Chinese banks, backed by extension of far too much credit. This over-reliance on credit in Chinese banks has led to consistent double-digit growth, which is deemed unsustainable because it greatly outpaces China’s GDP growth.

Bass’s suggestion is not that you save yourself from a Chinese bank failure by withdrawing your funds from these accounts, but rather make sure you not invested with any other banks that lend to these dangerous Chinese banks. Any bank in Asia, except for those in Japan or elsewhere in China, is set up for a downfall if this growth rate buoyed by credit falters.

Bass used to be best known for being one of the few to predict the 2008 subprime mortgage crisis. Now he’s known for backing bad economic policy makers and nuisance litigation.

Bass invested heavily in General Motors, and when there was a public acknowledgement of some faulty materials Bass went on TV and claimed all the deceased were in fact victims of driving while intoxicated and not wearing their seatbelts. Anything to protect his stock prices from plummeting with a defective product.

Bass is also widely criticized, especially by UsefulStooges, for his vexatious litigation and pharmaceutical industry profiteering. One such scheme is conducted via targeting a company, short selling their stock, and then challenging one of their patents in the name of lowering costs to consumers. What this actually achieves is an instant windfall for Bass as the pharmaceutical company’s stock drops and an increase in the cost of medicine for those who need it, as the company compensates by raising prices.

Bass says he does not recommend going short on the Chinese banks, but would do so on any other financial institute in Asia not in mainland China or Japan. As these all lend heavily to Chinese banks, he sees them as an inherent risk, but not the poorly capital structured Chinese banks themselves.

Why? The Chinese government says they are committed to recapitalizing any of its banks should they falter. Another take on “too big to fail?” But China as a nation is dealing with dwindling financial resources and is in the process of intentionally devaluing their currency, is this the right scenario to expect to be able to count on a government bailout. This rationale only holds water so long, as any creditor to a bank that you have faith will be government subsidized will also have its debts honored. Why pull out of a bank that lends to China but stay in China?

Trendy Footwear for Winter 2015… But What about the Men?

There’s no denying it now, (although we all still wish we could) winter is upon us. That means boots, boot covers, fuzzy socks, and all the Christmas-y and Thanksgiving-y footwear we can find right? But what about the men? Men have just as much right to look dashing this holiday season as we women do. But how do you make sure that your man, or your brother, or father, etc. are looking their best? If you’re a man looking to find just the right fit for your first time at the girlfriend’s parent’s house where do you start? Answering both those questions takes a perfect marriage of personal taste and trends for the season. Taste we can’t help you with the rest can be found at Paul Evans.
If you’re a man of refinement (which is obvious if you’re on this site) you like to look and feel your best. Is there a more classical method of doing so than Handcrafted leather? Italian no less. They come in every warm color from brown to red, and every style from loafer to boot. They even have tennis style for some of you more carefree types. Why invest in something obviously so expensive? Well it’s Christmas time for one thing – helping others, giving gifts and all that. But more importantly it’s not that expensive for another. Or at least comparatively. Most shoes this quality will run you thousands. Paul Evans likes to stay in the lower hundreds. I’ve seen none over $400 personally.
But what if you don’t have refinement? Or just not that much cash to blow on shoes? There are other options out there fellas. Rockport makes beautiful and functional leather shoes for less than $100, and Cushe’s streamlined seams makes it a true holder to the ideals of simplicity. Also less than $100. Unfortunately though wherever you go for men’s shoes the prices will be sky high. Why? On average the male shoes is shopped for less often and therefore more expensive. (Yet somehow your girlfriend still has higher bills than you do for them) So if it’s a pretty penny anyways, why not make it a pretty shoe?
The trends of Winter 2015 are more intense than any year before. Fashion makers are more conscious nowadays than ever before on the individuality of the wearer. Once upon a several decades ago there was only one fashion. Only what was ‘in’ was allowed. Now days the options are broadened to make everyone look good, not just a select few. For example the tennis I mentioned earlier. Who says ‘handmade Italian leather’ and thinks ‘tennis shoes’? There really are titles, styles, colors, and fits for everyone this holiday season – if you know where to look.