Money Managers Win $254M Powerball

Discussion in 'Professional Trading' started by Pekelo, Nov 28, 2011.

  1. Pekelo


    Screw trading, I am buying lottery tickets from now on....

    "A trio of wealth managers from Greenwich, one of the most affluent towns in America, claimed a Powerball jackpot worth more than a quarter of a billion dollars Monday off a $1 ticket.

    Greg Skidmore, Brandon Lacoff and Tim Davidson came forward as the winners of the $254.2 million jackpot and the trustees of The Putnam Avenue Family Trust, which they formed to help manage the money after Davidson bought the winning ticket at a Stamford gas station.

    The three men work at Belpointe, an asset management firm in Greenwich that provides investment advice, much of it to wealthy individuals, according to the Securities and Exchange Commission. The company manages $82 million, according to the SEC."

    They only bought 1 ticket. Why they needed 3 guys to do that???
  2. Maybe used wheeling to generate many $1tickets...Need 3 brains to come out with a no. selection system...what method did they use for no. filtering before wheeling?