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最不幸的對沖基金:OWS

最不幸的對沖基金:OWS

Leigh Gallagher 2011-11-23
雷曼兄弟、意大利最大的銀行和一支名為OWS的對沖基金之間有何淵源?

????周一早上坐地鐵的時候,我和往常一樣正在埋頭讀報。當時我正在看有關“占領華爾街”運動(Occupy Wall Street,簡稱OWS)的報道,我抬頭突然看站在我面前的一個人正好穿著一件帶有“OWS”標志的海軍藍羊毛衫。由于我剛剛還在看相關的新聞,周日又在網上搜了大半天帶有“占領華爾街”標志的T恤衫和馬克杯,準備送給我父親作為生日禮物(老爺子畢生都在為捍衛99%人群的利益而奮斗),我的第一反應是要是我早知道有這樣一款羊毛衫就好了,這會是多棒的一件禮物啊。但接下來我再仔細看看,就發現它并不是占領運動的羊毛衫,上面寫的是OWS資本管理公司(OWS Capital Management)。我不禁啞然失笑,引得幾位乘客對我側目。很多人都知道占領運動不只是一個重大的新聞事件,也是一個語言事件,它永遠地改變了“占領(occupy)”這個詞的含義。但一家投資管理公司名叫OWS,實在是太具諷刺意味了。

????我到辦公室后做了一點調查,發現OWS是一家資產管理額略低于30億美元的對沖基金One William Street Capital Management的縮寫,這樣的縮寫可能特別容易讓人想到占領運動。OWS的創始人是戴維?謝爾,前雷曼兄弟(Lehman Brothers)董事總經理兼證券化業務國際主管。他于2008年離開雷曼兄弟,創立OWS,專門交易資產抵押證券。這個團隊的成員大多是前雷曼雇員;One William Street并不是公司所在地——謝爾和他的50人團隊位于曼哈頓中城——而是最初雷曼兄弟總部在1928-1980年之間的地址。

????我打電話過去并說明致電原因時,One William Street資本管理公司的一位發言人毫不奇怪。她承認,近些日子,公司的名稱確實一直遭人戲謔;有些客戶甚至開玩笑說,或許謝爾可以賣掉這個名字。

????后來我掛掉電話,準備接著干手頭的活。這時我突發奇想,忽然想知道如今是誰占領了One William Street這個地方。這棟大樓如今的主人到底是誰呢?它就是意大利最大的銀行——意大利聯合圣保羅銀行(Intesa Sanpaolo)。

????I had my head buried in the newspaper as usual on the subway this morning, reading about Occupy Wall Street when I looked up and saw a man in front of me wearing a navy blue fleece with an "OWS" logo on it. Having just been reading the news, and having spent much of Sunday surfing the web for Occupy Wall Street t-shirts and mugs for a birthday gift for my father—a lifelong champion of the 99%—my first thought was that I wish I had known about the fleeces, it would have made a much nicer gift. But then I looked a little more closely and saw that it wasn't an Occupy fleece, but one that read "OWS Capital Management." A few passengers looked at me when I laughed out loud. Many have noted how the Occupy movement is not only a major news event but a linguistic event too, forever changing the meaning of the word "occupy." But the irony of a money management firm named OWS was just too much.

????When I got to the office, I did a little investigating. It turns out, OWS is One William Street Capital Management, a hedge fund with just under $3 billion in assets under management—and lineage that might be particularly low-hanging fruit for the Occupiers. OWS was founded by David Sherr, a former Lehman managing director and global head of the firm's securitization business, who left in March 2008 to start OWS to trade asset-backed securities. The team is largely made up of former Lehman people; One William Street is not where the firm is located—Sherr and his team of 50 are in midtown—but the address of the original Lehman Brothers headquarters, where it was based from 1928 to 1980.

????A spokesperson for One William Street was not entirely surprised when I told her why I was calling. She acknowledged that yes, the firm's name has been joked about in recent weeks; some clients, she said, have suggested in jest that maybe Sherr could sell it.

????After we hung up I was about to go back to other business at hand when I wondered just who is, well, occupying One William Street these days. The building's current owner? Intesa Sanpaolo, Italy's largest bank.

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