John Devaney, he of the former United Capital Management (and ubiquitous douchey photos posing in front of his various toys), has not only surrendered to inevitability but - and it pains me to say this - sold his prized yacht, Positive Carry. The new owner? Futuristic Charters, LLC, a Florida company with principal offices in Hoboken, NJ. Interestingly enough, the offices of said charter company happen to be at the exact same address of the Academy Bus Company. More interestingly, Francis Tedesco, President of Academy, is the signer on the LLC Agreement filed with the State. As if it weren't bad enough that this poor ship has passed from the elite hands of a top hedge fund manager into those of a grease monkey bus operator, Tedesco even had the temerity to rename the boat "Espresso III".
I'm not sure whats going on with that name, but I think we can all agree that it just doesn't have the same fate-tempting ring as its former title.
For what its worth, the boat appears to be currently docked at the Newport Marina in Jersey City, NJ, should any of our more ambitious readers be interested in hopping the PATH to go check her out.
If I owned that party barge I would christen it "Naked Shorts"
Posted by: JimBob | July 15, 2008 at 07:30 PM