Kenneth Cole is No Fortress

by Mr Juggles

When an actual, savvy hedge fund like Fortress (NYSE: FIG) goes public, the masses go nutty and bid up the price far beyond its worth. When Kenneth Cole takes his Hedge Fund shoes public, they are shunned and end up on markdown.

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  1. MCE
    March 16th, 2007 | 2:13 pm

    I was wearing my Nike PE shoes yesterday when I got a car loan from the bank. I’m pretty sure I got 50bps shaved just for my self presentation.

  2. March 16th, 2007 | 8:16 pm

    Yes, that shoe was referenced in the NYTimes article I referenced:

    Originally I was going to go with the fashion side, but Soap Opera writers are even more ignorant of hedge funds than some rich dude that owns a fashion empire.

    P.S. This is a shameless self plug.

  3. March 16th, 2007 | 8:20 pm

    P.P.S. Blackstone is going to go public too.

    Also, also, every Fortress employee, down to the brand new intern got shares when they went public. So about 10% of the 18% is really public. So Schwarzman is still going control about 75%+.


  4. Tom
    March 17th, 2007 | 9:00 pm

    Them is some ugly-ass shoes!

  5. HarlemHaberdasher
    March 17th, 2007 | 11:49 pm


    Agreed. It’s funny that Drinky brought up Blackstone, because I was thinking Firestone. Those shoes look like tires for your feet. How could those things get through whatever screening process designers have before sending sh** to market?

    I was walking down 125th the other day and this guy who was selling socks on the street advertised them by loudly saying “socks, socks! y’all got feet, I got socks”. Having feet and needing shoes is about the only reason I can imagine for putting those on.

  6. PairOfSox
    March 18th, 2007 | 2:50 pm

    All slip on plain dude shoes look the same to me. You only see the front sticking out under someone’s pants, and the front of those shoes look like most shoes for guys.

    Though I know the first speaker on Squak Box on Friday Morning, the PM from CAZ investments, wears cowboy boots with a map of Texas that say CAZ, but they just look like regular shoes sticking out from his pants. I only know because he crossed his legs during a meeting and hit his knee. Those are some badass boots to wear with a suit.