GQ held its second annual "Best New Menswear Designer in America" competition last night in conjunction witht he CFDA. Finalists like Andre "3000" Benjamin, David Mullen, Alex Carleton, Robert Geller, Sam Shipley, Jeff Halmos, and Yigal Azrouel were joined by guests like Tommy Hilfiger, Fern Mallis (left), Thom Browne, Jim Nelson, Kelly Cutrone, Phillip Lim, Derek Lam, Peter Som, Rory Tahari, Chase Crawford, Steven Kolb, Ally Hilfiger, Fonzworth Bentley, David Chu, Ryan Leslie, David Lauren, Katie Lee Joel, Glenn O'Brien, Steven Alan, Calvin Klein mens creative director Italo Zucchelli, GQ publisher Peter Hunsinger, and last year's winner, Daiki Suzuki. [PMc, NYO, FWD]

Now that the secret is out, it looks like Bruce Wasserstein and new wife Angela Chao are happy to hit the town and pose for photographers. The happy couple made their first public appearance together at Elaine's last night, turning up at Interview's party honoring Patrick McMullan. And Bruce even ditched his tie for the occasion, which suggests Chao's youthfulness is already having an effect on the 61-year-old financier/media mogul. We'll just have to hope it stops there and we don't see him dressed in tight jeans and studded tees anytime soon.

Who's the lucky bride distracting 61-year-old billionaire New York owner Bruce Wasserstein from the troubles of the media business? She's Angela Chao, a politically connected 35-year-old shipping magnate.

Page Six reported today that billionaire financier (and New York owner) Bruce Wasserstein celebrated his fourth marriage a couple of weeks ago when he tied the knot with a "much younger Asian woman." So who is the "mystery bride"? We hear from a reliable source she's Angela Chao, the younger sister of Elaine Chao, who served as Labor Secretary in the Bush administration. Chao is 35, which makes her a bit young for Bruce. (He's 26 years her senior.) But she's clearly very smart—she graduated Harvard in three years and attended Harvard Business School—and probably very financially savvy, too: Chao worked in Smith Barney's investment banking division before joining her father's Foremost Group, which has interests in shipping, international trade and finance. The only downside we can think of: Unlike Bruce, she's a registered Republican.