United Capital Markets CEO John Devaney showed ABS market participants at Information Management Network’s ABS East conference that he knows how to throw a great party.
Last night Devaney hosted a concert and cocktail party at the posh LIV Nightclub in the conference venue Fontainbleau Hotel, which close friend Jeffrey Soffer owns.
After treating attendees to the Dolphins/Patriots game featured on the club’s big screen monitors, rock band Big Head Todd and the Monsters entertained the ABS East delegates.
Devaney in the past has hosted rock concerts at securitization events with names such as Blues Traveler, ZZ Top and Counting Crows. He has also sponsored shows by comedian Jay Leno and Blue Man Group.
In his remarks prior to the concert, Devaney thanked his wife Selene. “It has been one heck of three years,” he said, describing these years as a “crash, consolidation phase and recovery.”
He also thanked Soffer whom he described as an interesting man and as someone “who has been in the papers more than myself.” He credited Soffer for helping him host the event and for reminding him to maintain a balance through activities like car racing.
Finally he thanked his dealer counterparties who have helped him rebound. “This is one way to give back,” Devaney said.
And as if to remind ABS players that he too can learn from the past, Devaney closed with: “We are not trying to do all trades. We are just trying to do the good ones.”