When Hedge Fund managers invest in sports teams, look out. According to this Bloomberg Businessweek article the teams often benefit, while investor returns often slide.
One exception, however, seems to be David Tepper who purchase a share of his hometown Pittsburgh Steelers and returned 130% the same year.
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
BEST OF HEDGEROLL
ACHILLION AND RA CAPITAL: MY FAVORITE TRADE
SALIX INVESTORS LOOKING FOR A BUYOUT SHOULD BE CAUTIOUS; MORE ACCOUNTING PROBLEMS AHEAD
BIOTECH AS BUFFETT'S WONDERFUL BUSINESS