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	<title>Observer &#187; Hedge Funder Sues Ex-Wife Out of&#8230;Anger? Desperation? Foot Fetish?</title>
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		<title>Observer &#187; Hedge Funder Sues Ex-Wife Out of&#8230;Anger? Desperation? Foot Fetish?</title>
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		<title>Hedge Funder Sues Ex-Wife Out of&#8230;Anger? Desperation? Foot Fetish?</title>

		<comments>http://observer.com/2012/06/hedge-funder-sues-ex-wife-out-of-anger-desperation-foot-fetish/#comments</comments>
		<pubDate>Mon, 25 Jun 2012 10:03:39 -0400</pubDate>
					<link>http://observer.com/2012/06/hedge-funder-sues-ex-wife-out-of-anger-desperation-foot-fetish/</link>
			<dc:creator>Patrick Clark</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=248140</guid>
		<description><![CDATA[<p><a href="http://observer.com/2012/06/hedge-funder-sues-ex-wife-out-of-anger-desperation-foot-fetish/shak-2/" rel="attachment wp-att-248164"><img class="alignleft size-medium wp-image-248164" title="Shak" src="http://nyoobserver.files.wordpress.com/2012/06/shak.jpg?w=200" alt="" width="200" height="300" /></a>If it weren't for one or two things, Daniel Shak wouldn't be such a well known guy. His hedge fund, SHK Asset Management, wasn't what you'd call a major player. But by investing the $10 million fund in gold futures, then liquidating the position, Mr. Shak set off the <a href="http://online.wsj.com/article/SB10001424052748703399204576108463818702014.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop">largest single day drop</a> in gold contracts traded on the Comex.</p>
<p>Some months later, Mr. Shak stumbled upon some <a href="http://www.nypost.com/p/news/local/manhattan/foot_the_bill_E50UuDXaI73l0kgMZO8tjL#ixzz1yoMOqQws">hard to find info</a> about his ex-wife, the professional poker player Beth Shak, that has renewed the hedge fund manager's fame. According to the <em>New York Post:</em><!--more--></p>
<blockquote><p><em>“In the summer of 2011, Daniel became aware that Beth owned and failed to disclose an extensive . . . collection of Christian Louboutin shoes . . . and other high-end designer shoes and bags,” his suit says. </em></p></blockquote>
<p>A few questions:</p>
<p><strong>What exactly do you mean by extensive?</strong> Ms. Shak owns more than 1,200 pairs of designer shoes, according to a <a href="http://www.philly.com/philly/entertainment/Ex-poker-player-with-massive-shoe-collection-Beth-Shak-sued-by-ex-husband.html">series</a> of <a href="http://www.philly.com/philly/style/news/20110729_Bryn_Mawr_poker_pro_and_mother_of_three_hoards_1_200_pairs_of_lavish_soles.html">news reports</a>, including 700 pairs by Christian Louboutin<strong>. </strong><strong><br />
</strong></p>
<p><strong>How did Mr. Shak miss a shoe collection of that size?</strong> “Dan trusted his wife and was not inspecting his home to try to find inventory or ‘secret rooms,” according to a lawsuit filed by Mr. Shak.<em><br />
</em></p>
<div>So how did Mr. Shak find out? Well, it could have been the <a href="http://www.huffingtonpost.com/2011/07/28/beth-shak-1200-shoes_n_911897.html">Huffington Post video </a>from July titled "Beth Shak Owns 1,200 pairs of shoes." Or maybe a re-run of this 2009 episode of <a href="http://www.mtv.com/videos/teen-cribs-season-1-ep-2-anthony-and-lindys-crib/1612327/playlist.jhtml"><em>Teen Cribs</em></a>, in which Ms. Shak's daughter brags over mom's shoe collection. Or this Page Six item describing Ms. Shak's plans to tattoo a Louboutin stiletto on her <a href="http://www.nypost.com/p/pagesix/if_the_shoe_fits_tattoo_it_iFlEvV3spTnlpmKx2bRNXI#ixzz1bzvhu3Hk">"groin area." </a></div>
<p>What does he want now?Thirty-five percent, apparently, so like 400 pair? Or a chunk of the $1 million the collection is said to be worth?</p>
<p>Ms. Shak, for her part, is incredulous. “I’m shaking my head over this whole thing,” she told the <em>Post</em>. “He is saying he didn’t know the closet in our master bedroom existed.”</p>
<div></div>
]]></description>
		<content:encoded><![CDATA[<p><a href="http://observer.com/2012/06/hedge-funder-sues-ex-wife-out-of-anger-desperation-foot-fetish/shak-2/" rel="attachment wp-att-248164"><img class="alignleft size-medium wp-image-248164" title="Shak" src="http://nyoobserver.files.wordpress.com/2012/06/shak.jpg?w=200" alt="" width="200" height="300" /></a>If it weren't for one or two things, Daniel Shak wouldn't be such a well known guy. His hedge fund, SHK Asset Management, wasn't what you'd call a major player. But by investing the $10 million fund in gold futures, then liquidating the position, Mr. Shak set off the <a href="http://online.wsj.com/article/SB10001424052748703399204576108463818702014.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop">largest single day drop</a> in gold contracts traded on the Comex.</p>
<p>Some months later, Mr. Shak stumbled upon some <a href="http://www.nypost.com/p/news/local/manhattan/foot_the_bill_E50UuDXaI73l0kgMZO8tjL#ixzz1yoMOqQws">hard to find info</a> about his ex-wife, the professional poker player Beth Shak, that has renewed the hedge fund manager's fame. According to the <em>New York Post:</em><!--more--></p>
<blockquote><p><em>“In the summer of 2011, Daniel became aware that Beth owned and failed to disclose an extensive . . . collection of Christian Louboutin shoes . . . and other high-end designer shoes and bags,” his suit says. </em></p></blockquote>
<p>A few questions:</p>
<p><strong>What exactly do you mean by extensive?</strong> Ms. Shak owns more than 1,200 pairs of designer shoes, according to a <a href="http://www.philly.com/philly/entertainment/Ex-poker-player-with-massive-shoe-collection-Beth-Shak-sued-by-ex-husband.html">series</a> of <a href="http://www.philly.com/philly/style/news/20110729_Bryn_Mawr_poker_pro_and_mother_of_three_hoards_1_200_pairs_of_lavish_soles.html">news reports</a>, including 700 pairs by Christian Louboutin<strong>. </strong><strong><br />
</strong></p>
<p><strong>How did Mr. Shak miss a shoe collection of that size?</strong> “Dan trusted his wife and was not inspecting his home to try to find inventory or ‘secret rooms,” according to a lawsuit filed by Mr. Shak.<em><br />
</em></p>
<div>So how did Mr. Shak find out? Well, it could have been the <a href="http://www.huffingtonpost.com/2011/07/28/beth-shak-1200-shoes_n_911897.html">Huffington Post video </a>from July titled "Beth Shak Owns 1,200 pairs of shoes." Or maybe a re-run of this 2009 episode of <a href="http://www.mtv.com/videos/teen-cribs-season-1-ep-2-anthony-and-lindys-crib/1612327/playlist.jhtml"><em>Teen Cribs</em></a>, in which Ms. Shak's daughter brags over mom's shoe collection. Or this Page Six item describing Ms. Shak's plans to tattoo a Louboutin stiletto on her <a href="http://www.nypost.com/p/pagesix/if_the_shoe_fits_tattoo_it_iFlEvV3spTnlpmKx2bRNXI#ixzz1bzvhu3Hk">"groin area." </a></div>
<p>What does he want now?Thirty-five percent, apparently, so like 400 pair? Or a chunk of the $1 million the collection is said to be worth?</p>
<p>Ms. Shak, for her part, is incredulous. “I’m shaking my head over this whole thing,” she told the <em>Post</em>. “He is saying he didn’t know the closet in our master bedroom existed.”</p>
<div></div>
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