Tag Archives: Fermat Capital

Roundup: Post Road Work, Club 203, Fermat Capital …

Like most Westporters, I’ve gotten used to the construction cones, narrow lanes and drunken lines on the Post Road between Fresh Market and McDonald’s — and further east, near Bulkley Road by Stop & Shop.

Like most Westporters too, I’ve gotten used to seeing no work going on at either site — for months.

Will it ever resume? Is it done?

I asked Pete Ratkiewich. The Westport Public Works Department director pointed me to documents from a 2019 (!) Town Hall presentation.

They show intersection improvements, roadway widening and sidewalk work (click here to see).

So: No. It’s not over yet. Not by a long shot.

“They are only done partially on the north side. And they have a long way to go on the south side in both locations,” Pete says.

And, he adds, “you won’t see work start up again in earnest until the asphalt plants open.”

Work on Post Road East near Fresh Market.

Work at the Post Road East/Roseville Road/Hillspoint Road intersection.

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Speaking of the state Department of Transportation:

They’ll perform maintenance work on the Cribari Bridge this Monday night (7:30 p.m., to 5:30 a.m. Tuesday; March 18-19).

While the bridge is closed, traffic will be detoured to the Post Road.

When the sun goes down Monday, work will be performed on the Cribari Bridge. (Photo/Sam Levenson)

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St. Patrick’s Day came early for Club 203.

On Wednesday night, over 135 guests from Westport’s social organization for adults with disabilities partied at VFW Joseph J. Clinton Post 399.

The evening included entertainment by the Lenihan Irish Dance troupe, green bagels from Village Bagels, and green clover cookies from the Pantry.

Nearly everyone wore green. Everyone was Irish for the night. And everyone had a blast!

Club 203 goes green at the VFW.

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There is a new — and very friendly — face at the Westport Weston Family Y.

Angie is the “official greeter” on Monday and Thurday mornings, from 9:30 to 10:30 a.m. She then heads to the Wellness Center, keeping things clean and tidy.

Her employment is a partnership between the Y and Star Inc. She gets her first paycheck today, and is very excited.

When you see Angie, give back to her the same smile she gives you!

Angie

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The Bloomberg news article begins:

When thousands of homeowners in Florida and Louisiana purchased their hurricane insurance, they probably had no idea that John Seo stood to make a big profit if their properties got through the next three years unscathed.

Unbeknownst to them, Seo, a 57-year-old hedge fund manager in southern Connecticut, is the reason why millions of people from New Zealand to Chile have financial protection against natural disasters. His fund, Fermat Capital Management, owns the world’s biggest collection of catastrophe bonds — complex financial instruments that insurers issue to cover risks they can’t handle.

Fermat is an oddity in the hedge fund world. Its modest office, in the affluent town of Westport, sits in a former post office across from an auto-repair shop. There are meteorology journals in the reception area and equations scrawled on a whiteboard. Investment decisions are guided by complicated weather-risk computer models powered by large servers that whirr ceaselessly behind a glass window.

Fermat’s “modest office” is at the end of Riverside Avenue, just before it intersects with Railroad Place. Click here to read the rest of the piece about Seo, titled “How a Physics Whiz Made a Fortune Betting on Nature’s Catastrophes.” (Hat tip: Allan Siegert)

John Seo (2nd from left) and colleagues, at Fermat Capital. (Photo/Joe Buglewicz for Bloomberg)

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Next up in the Westport Country Playhouse Script in Hand play reading series: “Tenderness and Gratitude Number Four.”

Michael is a party boy who avoids intimacy at all costs. Jenny is a jaded, wise-cracking office worker who still harbors dreams of becoming an artist. When the two strike up an unlikely friendship at work, they are forced to learn what it means to open up to someone else, and how to take a long, hard, messy look at oneself in the mirror.

The “a humorous, often heartbreaking examination of love, art, truth, lies, office politics, and the complicated road to true friendship” is set for April 15 (7 p.m.).

All tickets are $30. Click here to purchase, and for more information.

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We’re halfway through March. Which means our town is halfway through the Great Westport Burger Contest.

Competitors in the Westport Weston Chamber of Commerce event include Black Duck, Boathouse, Harvest, Jr’s,, La Plage, Little Barn, Match Burger, Nomade, Old Mill Grocery, Organika, Rizzuto’s, Shake Shack, Southport Diner, Spotted Horse, The Blondinit, The Porch, The Whelk, Viva Zapata and Zucca.

The 7 categories are Best Classic Burger, Best Cheese Burger, Best Gourmet Burger, Best Veggie Burger, Best Non Beef Burger (fish, turkey, lamb…), Best Fast Food Burger, and Best Slider. Each Restaurant can enter up to 4 categories, but can win a maximum of 2.

Residents have until March 31 to visit the venues, enjoy their offerings, then vote on the Chamber’s website.

Yesterday, 17 current and former Representative Town Meeting members relished the chance to promote the contest, with lunch at Spotted Horse.

I wasn’t there. But I’m pretty sure I know what was on the menu.

Present and past RTM members, at Spotted Horse.

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What’s the state of college admissions today, in a post-COVID world? What should rising 9th and 10th graders be thinking about?

Those are some of the topics they (and their parents) can learn about, at a “College Admissions Planning for Rising Freshmen and Sophomores” webinar (March 21, 7 p.m.).

There is no charge for the S4 Study Skills event, but registration is required here. Click here to sign up.

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One post-college option: Be like Xander Winser. The Staples High School graduate is studying music production and sound engineering in London.

For his final project, he produced an entire album — in just 24 hours.

He streamed the entire project. Click here to enjoy.

Xander Winser at work (screenshot from Facebook)

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“Who” was that posing in Lucy Mattoo’s front yard, for our “Westport … Naturally” feature?

He spent some time trying to pull a grass snake from the retaining wall.

He did not succeed. I guess he’s not that wise, after all.

(Photo/Lucy Mattoo)

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And finally … in honor of the Westport Y’s new greeter (story above):

(From Post Road traffic to hedge funds, the YMCA to London, “06880” is “where Westport meets the world. Please click here to support our work. Thank you!)