Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about How The Hedge Fund Manager Running Sears Cut His Losses - The New York Times
Hedge Funds

How The Hedge Fund Manager Running Sears Cut His Losses - The New York Times

by nytimes.com posted 8months ago 40 views
Edward S. Lampert, who leads the struggling retailer, has taken control of valuable real estate and businesses. The hedge fund manager Edward S. Lampert has spent the last 14 years steering Sears as it spun off businesses, took on debt and, this week, filed for bankruptcy protection. His hedge fund, ESL Investments, appears to have racked up a much more modest loss than the company’s Chapter 11 bankruptcy filing would suggest, according to corporate filings and interviews with analysts and investors. ESL’s nearly 50 percent stake in Sears will probably be wiped out in bankruptcy.

In this article