Some other Luminent Execs 16-Nov-08 08:34 am Barry D Weiss, Senior Vice President and Chief Investment Officer,
LUMINENT MORTGAGE CAPITAL, INC.
Eric Richter, Portfolio Manager/Vice President,
LUMINENT MORTGAGE CAPITAL, INC.
Shuwei Ma, Assistant Portfolio Manager, Structurer,
LUMINENT MORTGAGE CAPITAL, INC.
Got these names off an "attendee" list for a conference in Las Vegas held Sept 17-18 2008 at the Four Seasons hotel. The conference was titled "Distressed Debt Investing and Risk Management - Navigating the Post-Subprime World". I guess with regards to Luminent navigation means setting the Garmin to Las Vegas and shouting excitedly "Road Trip" who's in!!. Naturally none of the Luminent attendees were featured as presentors or panelists for any of the conference sessions. Chickens! I am betting they were only the "official" attendees with many more tagging along. Navigating the Sub-Prime world hasn't been so hard for the Luminent management. Now that they don't have a pesky business to run or cranky stockholders to report to there is plenty of time for "professional development". No wonder ARCO was upset, these guys are using their money to party. Too bad I don't believe in that "What goes on in Las Vegas stays in Las Vegas" crap. What would you say to fellow conference attendees when they asked "how's business?" Oh well we are in Chapter 11 and our stock is trading at 5 one hundredths of a penney - but you know pretty good considering. Can I buy you a drink - we'll just expense it! Jeez-
