Hedge Funder Tim Sykes Bombs Out On Wall Street
Tim Sykes, formerly one of Trader Monthly's hot "30 under 30" who was the the butler-having star of 'Wall Street Warriors', has fallen on very hard times. He says that, due to investment in illiquid stocks, he is "unable to raise any money, unable to take any trading risk so all I can do is take advantage of my publicity efforts and turn that into my new career." He's now "a reporter for TheStreet.com" and MSN Money's "goto video guy." This all comes from his email correspondence with Trader Monthly; they banned him from their big party this week. In return, he offered them five great reasons why he should be reinvited! You see, he's now a financial expert in the media—even though his hedge fund bit it!
1. Rachel and I talked / emailed last week about me coming and she was fine with it, so I made plans to meet up with nearly a dozen friends. Some of these people I haven't seen in a very long time and we've been talking all weekend about what we'll do after the party.For me to bail on them at the last second would be extremely rude.
2. I will have no cameras and will not be covering the party for my new jobs as reporter for TheStreet.com (I'll be starting as a writer in a few weeks) and MSN Money (I am their goto video guy). I'll be low-key, really.
3. I invited 2 female friends who went out and bought new dresses for this event. I don't know how to explain it to them that I can't attend with them.
4. While you guys seem to think 'I've made a mockery of the list' with my eccentric behavior, other media outlets now recognize me as a finance expert / personality. Sure I have an ego, but my position is backed by CNBC (7 appearances since the beginning of the year), CNN (I debated greed with the most powerful religious leaders last month), FOX (I was on Cavuto on July 4th), Oprah and Friends Radio (they loved my book and are having me on in a few weeks), Young Money (I will be their cover story for their October issue, Penthouse (I will have a feature story in their Christmas issue), and Wiley (they offered me a $35k advance for my book).
5. You guys are took a pretty good shot at me in this latest issue so even if you really believe I somehow embarrassed you last year, I consider us even.
Aww, he's kind of sweet. In a really douchey way. The entire correspondence is worth a read.
