Before yesterday’s FBI raid on its offices, most people probably hadn’t heard of Level Global Holdings – a Connecticut hedge fund run by SAC Capital alum, David Ganek.But Wall Street had. David Ganek isn’t your stay-out-of-the-spotlight kind of fund manager.
He and his wife Danielle are well-known socialities, who have a stellar art collection, an upper east side duplex and a sprawling Southhampton holiday home.
They’re probably most well-known for their modern art penchant, with works by Richard Prince, Diane Arbus, Jeff Koons, Cindy Sherman, John Currin and Mike Kelley in their collection. He’s a Guggenheim trustee who has donated vigorously to various art causes and institutions in the Northeast. Perhaps he learned more from Steve Cohen than simply how to play the markets; Cohen is an art junkie too.
Here are some fun facts about David Ganek:His wife Danielle is a former editor at Mademoiselle and Woman’s Day. She is now a novelist, and apparently looks 10 years younger than she actually is.
He bought his first piece of art at 17.
He paid $19 million for his apartment in 740 Park Avenue, of which previous tenants include former ITT chairman Rand Arasko; John V. Bouvier III, his wife Janet and their daughter Jacqueline (Kennedy Onassis). Also, John Thain and Steve Schwarzman also live in the building.
He has a sprawling holiday home in Meadow Lane in Southampton.
And here are Ganek’s vitals:
- Son of money manager Howard Ganek, a former partner at Condo Domain740 Park Avenue.asset management firm Neuberger & Berman and a well-known New York scene social butterfly with his wife Judie.
- Grew up in New York and attended Franklin and Marshall College.
- Met his wife, Danielle, at college. They were married in the 90s.
- Had a stint in risk arbitrage at Donaldson, Lufkin & Jenrette in the early ’90s.
- Joined SAC Capital and worked there for 10 years.
- Departed Steve Cohen’s side to launch Level Global with fellow SAC alum Anthony Chiasson in 2003.
- His major stakes are in Virgin Media, Apple and Monsanto. (His former big bets include Adobe, Bank of New York, Cadbury Schweppes, CVS, eBay, Google, Halliburton and Yahoo).
- He has three children; two boys and one girl.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.