Storm clouds are gathering over Wall Street
The Raj Rajaratnam guilty verdict is a stark reminder the consequences of insider trading and knowing who your real friends are.
So who do the hedge fund legends spend their time with when they are socializing? Let's break down the social network from this week's Robin Hood Foundation Gala in New York.
Table 212: SAC Capital Steven Cohen shared his table with the famed art dealer Larry Gagosian, former SAC'er Ken Ginsburg, along with Matt Grossman and his wife, Aryn Grossman (he is with Sigma Capital, she' is a PR manager and daughter of a Rothschild, Lieberman hedge fund founder.)
Table: 227: Richard LeFrak's table included billionaires John Paulson and Wilbur Ross, along with Martha Stewart and Soon Yi Previn Allen, (sans her husband, Woody). Talk about an eclectic group!
Table 350: Hedge fund icon, Robin Hood founder and former cotton trader Paul Tudor Jones shared his table with some of the most elegant and philanthropic folks around: KKR private equity legend and all-around nice guy Henry Kravis; his wife Marie-Josee Kravis, the prominent Canadian economist; Anne Dias-Griffin, Founder of Aragon Global Management; her husband, Citadel Investment Group CEO Ken Griffin; Los Angeles patron Elii Broad; Tiger Management Fund founder Julian Robertson; Saturday Night Live impressario, Lorne Michaels; and Levi Strauss heiress, Mimi Haas.
Table 229: Third Point's Dan Loeb mixed it up a bit with a wine collector, a celebrity stylist and art friends, with nary a banker or financier in sight.
Table 241: Reclusive billionaire and Sears Holdings Chairman Eddie Lampert dined with the King of Natural Gas, billionaire energy trader John Arnold, best known for his correct $1 billion trade against Amaranth. This was a very rare public appearances by two of the least-known billionaires in the world. Which is pretty interesting considering these shy guys shared a table with the Huffington Post founder Arianna Huffington, Greenwich socialite/dog breeder Sonnet McKinnon, and her investor husband, Ian McKinnon.
No sign of Goldman Sachs Chairman & CEO Lloyd Blankfein at Table 341, but there were plenty of the his offspring: Alex, Laura, Jonathan and Rachel all eagerly awaiting Lady Gaga's performance.