$$$ Remember that hedge fund manager, Guy de Chimay who I wrote about a few times back in the day because he appeared on Wall Street Warriors and said stuff like “Wall Street takes the brightest people and smashes them into the pavement on a regular basis” and “Wall Street guys have really made the Hamptons what it is“? He paid for that Hamptons house with clients’ funds, which he also put towards his divorce, which apparently you just can’t do. [Daily Intel]

$$$ SEC’s regional offices present managerial problems, become an obstacle to reform [WaPo]

$$$ Goldman’s CEO Woes Mean Dollar Signs For Laywers [Reuters]

$$$ Klarman Tops Griffin as Hedge-Fund Investors Hunt for `Margin of Safety‘ [Bloomberg]

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via hamptons.guestofaguest.com: See what happened when a group of NYC socialites (including Paul Johnson Calderon seen here passed out the grass) decided to forgo another Memorial Day weekend in the Hamptons, and partied their pants off at a country house in Easton, CT. MORE>>

Article courtesy of Los Angeles | Guest of a Guest – Los Angeles People, Places, Parties & Nightlife

This morning we discussed the fact that after a torturous year of not being able to buy $300,000 cars because of how it would look, many of you are now feeling strong enough and confident enough to go for it without the fear of people calling you a tone deaf douchebag. Well that was just the tip of the iceberg, ladies. No longer having to worry about the “recession” or a lack of bonuses means the Mecca of the the DB, the Hamptons, is once again in style. Sure, it was there last year but it was a sad summer, what with having to dial down the enthusiasm and not not strip naked and roll around in a pile of hundos once you got out there Friday night. Now feel free to do just that, or light the money on fire just because you can, whatever you want, it’s now okay.

“It’s going to be a good summer,” Megan Ruddy said. “Everyone is sick and tired of holding on to their money.”

“After people got their bonuses, they said, ‘OK, things are going to be normal again,’ ” Manhattan securities lawyer Daniel Scotti said while checking out a recent open house for an estate listed at $25.9 million in the Hamptons town of Sagaponack.Scotti, the securities lawyer, bought a property in the Hamptons in 2007, at the height of the market. When the stock market crashed, he said, he expected to wait a long time until he could sell without taking a loss. But this year, before even putting the house on the market, he was offered $2.8 million for it — several hundred thousand dollars more than he paid. And then, when Scotti went house-hunting in March, he ended up in a bidding war with four people on a property in East Hampton on the day it was listed.

The change this spring was all the talk among real estate agents at a recent event in Manhattan put on by Corcoran to promote its Hamptons inventory.Caterina Proner told of one couple who asked her to sell their home last year when the bonuses dried up. The house didn’t sell, and when bonus season came around this year they went back to Proner. “All the sudden they are back and saying, ‘I want to keep it,’” Proner said. “A bonus means a summer house.”

You know what this calls for, right? A little celebration.

Hamptons Again Warmed By Wall Street’s Glow [LA Times via DI]

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This Memorial Day in Bridgehampton, Kynikos founder Jim Chanos will be honored for his contributions to Miracle House, a charity “a charity that helps caregivers and patients who come to New York in search of medical treatment.” This is lovely and Jim is very generous. That’s not what we’re here to talk about. What we’re here to talk about is the host, LuAnn de Lesseps. The artist formerly known as “The Countess” is a cast member of the New York edition of Real Housewives. Except that LuAnn is no housewife, having divorced her husband, THE COUNT (pictured at left with his former lady), last year. (I’m not proud that I watch this show but I’m not embarrassed either.) LuAnn started off this season on the prowl and now she is getting desperate. Last week she went on a date with a guy named Courte who has who has highlights. She’s also looking for a place to bunk in NYC, having lost the UES townhouse in the settlement and being relegated to the Hamptons home. And, and I feel terrible for judging a reality show housewife by her cover, but I’m thinking she might be looking to land a rich guy. Finally, and most importantly, she’s trying to get her music career off the ground. Jim, we’re warning you because we care.

This chick is going to be on you like white on rice. If you’re feeling yourself get weak, our advice is to play this segment over and over in your head:

Article courtesy of Dealbreaker

Anthony Scaramucci, a CNBC contributor and founder of SkyBridge Capital, has a new book out on how to find your fortune without turning into a douche. Scaramucci was once fired from Goldman, but he still absorbed some lessons from the firm’s training program.

Here’s a scene from the book, Goodbye Gordon Gekko:

It was the Friday beginning Memorial Day weekend in 1991 and Scaramucci was summoned to a conference room at 85 Broad St. with 40 of his fellow Goldman trainees. They were told to get there at 5pm and wait for a Goldman partner to show up to run the meeting.

Three hours later, still no Goldman partner and some of the trainees were getting restless. “What’s up? Where is this jerk? I have plans in the Hamptons and want to get going,” Scaramucci recalls one of them saying . At 9pm, three anxious recruits with “MBAs from top grad schools” got up and left, presumably on their way to the beach.

The “lanky and scrawny” partner finally showed up five hours late and delivered a harsh lesson to the minions left in the room. (The three who left were canned the next day.)

So, today’s lesson is about waiting patiently for those who are more important than you. Someday you may be in the lobby of a billionaire, and he or she may make you wait. Your job as a representative of Goldman Sachs is to wait there. We are in the client service business. We wait patiently and graciously.

Now, you may have a fancy degree from a fancy place, but that will never replace having the right attitude.

Article courtesy of Dealbreaker

Earlier today we brought you up to speed on Erin Callan’s life post-Lehman Brothers, which, as it turns out, is pretty sweet, as is her ass. She’s living in her $3.5 million home in the Hamptons, friends report she’s looking “better than ever,” she’s the best student in her spinning class, and she’s in love with a firefighter she’s known since high school. And not some shlub she’d be embarrassed to be seen in public with but maybe the seriously hot piece of A seen at left, who has the same name as the guy identified by Fortune as EC’s man (Anthony Montella).
Also: the firefighter gear, he looks about the right age (mid-40’s), and a Facebook investigation by commenter analyst reveals he has some friends with the last name Callan (possibly her cousins or sisters). The other reason I believe this is our guy is because I want it to be so. Erin, if we’re getting warmer, send us a sign. And bravo.

Article courtesy of Dealbreaker