Poor hedge fund managers. As if the proposed Buffett Rule,
changes to carried interest treatment, and a
planned movie starring Will Farrell as a narcissistic
hedgie who claims to have seen God weren't enough, ABC's new
show about getting even, Revenge ,
went after Washington and Hollywood's piñata-du-jour
||They only drive
Italian sports cars: A scene with "hedge fund king" Bill
Harmon from last night's Revenge. Photo: ABC
For those those new to Revenge, Emily Thorne is a pretty,
conniving blonde who returns to her childhood Hamptons home to
exact payback on those who ruined her family and their
reputation years before. Her latest target is Bill Harmon, head
of "Wall Street’s most profitable hedge fund."
It turns out the sportscar-driving, polo-loving asset manager
doesn't play by the rules of investing. From the
second episode recap :
The smooth-talking Mr. Harmon is someone Emily used to refer
to as "Uncle Bill" back when she was known as Amanda Clarke.
Emily makes it known that she is pals with Nolan Ross. She
also lets Harmon know that she’s interested in
doing business with this man who testified that her father
funded terrorists. He also accused David Clarke of
trading, a practice Harmon actually engages in with no
Harmon logs in to his computer to show off a list of his top
investors and their profitable returns. Emily soaks in all
the info. At a follow-up meeting, Emily fools Harmon into
believing she has inside info that Nolan’s
corporation is merging with a particular cell phone company.
Harmon scrambles to
get his top clients to invest based on this inside
information. The problem is that Nolan is
actually merging with the company’s chief
competitor. Uh oh.
Harmon wants to keep the big loss news from his clients. Too
bad Emily swiped the confidential phone list from his
computer. She proceeds to make calls to Harmon’s
top dogs to let them know about all the money they lost
thanks to the man they trusted with their investments. Harmon the hedge fund king
is ruined . Guess that means Emily can
officially cross old Uncle Bill off her X List.