Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

3yrs ago Hedge Fund dealbreaker Views: 362

There’s nothing to worry about.

This story is brought to you by The Daily Upside. For more crisp and insightful content, you can sign up for the free Daily Upside newsletter here.

Pandemic-induced recession notwithstanding, there are signs the 1% is doing just fine.

Costco
The discount wholesale club has rolled out a new service: private jet access.

For just $17,500, shoppers can buy a 12-month membership to the NYC-based private jet company "Wheels Up." According to the company's website, the exclusive deal comes with:

  • $4k of flight credits and “guaranteed nationwide aircraft availability up to 365 days a year.”
  • A $3.5k credit to Costco, so your jet can always be fully stocked.
  • A 12-month membership to Inspirato, which offers luxury vacation rentals.

An Alternative: Luckily there is a less expensive option. Customers can purchase a year-long membership for just $1,995, but it doesn't include the Costco shopping card, flight credit or luxury vacation membership.

But, it does include the ability to "explore the Wheels Up community forums to coordinate shared flights with other members." Good value.

Racing Pigeons
For those interested in a smaller carbon footprint, there is an alternative way to get airborne.

Yesterday an anonymous Chinese buyer purchased a female "racing pigeon" (named New Kim) for $1.9 million.

Pigeon. $1.9 million.

How That Works: A popular pastime in Belgium for working-class men, pigeon racing has taken on an increasingly elite clientele. The activity involves releasing well-bred and well-trained pigeons hundreds of miles away and hoping their unique sense of direction and training will lead them home.

Prize pools for pigeon racing can reportedly reach into the tens of millions of Euros.

Never has a GPS tracker made so much sense.


Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.