& cplSiteName &

Run From Pirates

Light Ranting
Light Ranting
Light Ranting
9/29/2006

3:00 PM -- So a hedge fund named Pirate Capital has been making the headlines lately because it has run into trouble with the SEC, and now it is apparently experiencing a staff exodus.

Pirate Capital. Hmmmm. Let's see: It's in trouble with the law. Folks are jumping ship. Har. Naw, that's just too easy.

Is it just me, or is Pirate Capital the dumbest possible name for an investment company? Kind of asking for trouble, aren't you?

Why not start an investment fund called Rape, Pillage, and Steal LLC?

ARRRGH!

— R. Scott Raynovich, Editor in Chief, Light Reading

(5)  | 
Comment  | 
Print  | 
Related Stories
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Rex Tanright
Rex Tanright
12/5/2012 | 3:39:11 AM
re: Run From Pirates
It's not the fund name, my friend. It's the man behind the name. Or, more precisely, what's behind the man behind the name. In this case?
Pirate Capital = Thomas Hudson Jr. = Nervy fuck. (I swear, those guys are like cockroaches.)
Scott Raynovich
Scott Raynovich
12/5/2012 | 3:39:08 AM
re: Run From Pirates
Holy cow, is this the real Rex Tanright?

Rex, I've been wondering where you went...
Scott Raynovich
Scott Raynovich
12/5/2012 | 3:39:07 AM
re: Run From Pirates
Good point.

Maybe Pirate will merge with the much-maligned Amaranth, the place where a gas trader recently lost $6B in one month. Just think, the combination of corporate raiders and renegade overleveraged commodity traders from Calgary could really do some damage.

Michael Harris
Michael Harris
12/5/2012 | 3:39:07 AM
re: Run From Pirates
Is it just me, or is Pirate Capital the dumbest possible name for an investment company?

Au contraire, perhaps the captains of this ship should be commended for earnestly embodying the ethics of Regulation FD by choosing a corporate name that so accurately reflects their modus operandi. ;)
Michael Harris
Michael Harris
12/5/2012 | 3:38:59 AM
re: Run From Pirates
Maybe Pirate will merge with the much-maligned Amaranth, the place where a gas trader recently lost $6B in one month. Just think, the combination of corporate raiders and renegade overleveraged commodity traders from Calgary could really do some damage.

Amaranth is another apropos name. Wikipedia tells us of this ancient whole grain:

"Amaranth was used in several Aztec ceremonies, where images of their gods ... were made with amaranth mixed with honey. The images were cut to be eaten by the people."

Sounds similar to the end of Amaranth Advisors, no?
More Blogs from Light Ranting
Our top ten stocks are up a little better than 7%
The FCC: achieving new levels of irrelevance
Can you pick the combo that beats Google?
The Top 10 Awards we didn't hand out last week
Content, the Internet, and intolerable people
Featured Video
Upcoming Live Events
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events
Upcoming Webinars
Webinar Archive