This week Sears announced that they will file for bankruptcy and close stores, continuing the trend of brick and mortar retailers falling victim to Amazon and Walmart. Another thing these retailers have in common is that are owned by huge private equity firms and hedge funds that have badly mismanaged them. Most of these companies surrendered to bankruptcy after being overloaded with debt, and it seems that even the smartest minds on Wall Street were unable to save them. The majority owner of Sears was Eddie Lampert, a hedge fund manager.