Broker fired for ‘Wolf of Wall St’ style party

US hedge fund Moore Capital Management has fired a portfolio manager a day after a media report of a raucous party involving ‘costumed midgets’ and Champagne that he threw at a rented $20m mansion in the Hamptons, New York’s summer playground for the rich and famous.

Brett Barna had been employed for six years at Moore Capital, the $15b hedge fund run by billionaire Louis Bacon.

“Mr Barna’s personal judgment was inconsistent with the firm’s values. He is no longer employed by Moore Capital Management,” the firm’s spokesman, Patrick Scanlan, said in a statement.

Barna could not immediately be reached for comment. His Fourth of July pool party last weekend made waves on social media, with revellers posting pictures under the hashtag #Sprayathon of crowds of people dancing, drinking and spraying bubbly.

Many people commented on how the party reminded them of The Wolf of Wall Street movie starring Leonardo DiCaprio.

The New York Post newspaper reported that the owner of the house planned to sue Barna for $1m, saying he had claimed the party would be a fundraiser for an animal charity, and that only 50 guests would attend. Instead, 1,000 people showed up, the owner told the newspaper.

“But the only animals there were the people, a thousand of them,” the owner said.

“They drowned themselves in champagne, they had midgets they threw in the pool, they broke into the house, trashed the furniture, art was stolen, we found used condoms,” he claimed.

“So many people were there that the concrete around the pool crumbled and fell into the water.

“We’re waiting to serve him. Brett was last seen on Sunday chugging champagne with two midgets,” the New York Post quoted the owner as saying, without revealing the identity.