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Looks like he didn't want to wait until he surpassed his previous high water mark so that he could start getting his 20% fee on profits. But, his investors got what they deserved since this wasn't his first debacle in hedge funds and they knew that. Guess he didn't hedge very well.


Three's a charm.


He caught lightning in a bottle twice. :)

It just goes to show you much of Wall St is not what you know, but who you know. And now, SOME of his Rolodex won't know him a 3rd time.

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