Friday, July 27, 2007
Mark DeCambre, The Street.com
Mark DeCambre, The Street.com
John Devaney and his yachts
John Devaney's love affair with his favorite yacht, Positive Carry, comes to an end with the implosion of his hedge fund.
The motor-yacht's name is derived from a trade in which one borrows at low interest rates at the short end of the yield curve and invests at higher rates at the long end.
Devaney recently put his beloved yacht on the market for $23.5 million.
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Posted by Editor on 07/27/07 at 12:44 PM •
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