john devaney

Hedge Fund Mogul Adds Helicopter To The For Sale List

Filed under: Wings

Last week was a good news, bad news situation for imperiled hedge funds mogul John Devaney. As I mentioned last month, Devaney, the chief executive of United Capital, had put his 142-foot Trinity yacht "Positive Carry" on the market for $23.5 million as well as his Aspen home, the historic Sardy House, for $16.5 million. Good news first, Devaney has unloaded the Sardy House to as the Apsen Times reports "a Florida concern with ties to the hospitality industry."

The bad news is that Devaney's fire sale isn't over yet. The NY Post reports that Devaney is also his selling his helicopter. The Sikorsky S76C helicopter is listed at $10.995 million in a brochure that states that the reason for the sale is "changing corporate travel requirements." The helicopter seats six in a luxurious leather-padded cabin.

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Tags: hedge fund, helicopter, john devaney, sikosky, united capital, UnitedCapital

Mortgage Man Decides To Sell Yacht and House

by Deidre Woollard (RSS feed) —

Filed under: Estates, Yachts & Sailing

An odd casualty of the subprime market is this 142-foot yacht Trinity yacht, optimistically named Postive Carry. The Street.com writes that John Devaney, United Capital's chief executive and a one-time master of the mortgage market has put this yacht up for sale for $23.5 million.

Devaney is also the owner of the Sardy House, a Victorian home which we profiled in 2005 when it was for sale for $20 million. Sardy bought the house which is famous for having a 90-foot-tall living Christmas tree out front, for $16.5 million and is now listing it at $21.5 million. He did after all, put in new LED lights for the Christmas tree.

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Tags: john devaney, positive carry, PositiveCarry, sardy house, subprime market, trinity yacht