Friedman’s was a specialty retailer of fine jewelry. Box 1033 Northbrook, IL 60065-1033 [email protected] questions or additional information please contact Janice Alwin at 847-577-1374.
Such losses can be fatal for fund managers like AQR, since sophisticated investors pay them big fees for exceptional performance and, understandably, have little patience for anything less.
As AQR's founders felt the tremors from Wall Street rippling through their offices, Asness said, "we worried about the stability of the financial sector, the stability of the economy, and the stability of society." To Bloomberg Markets magazine, last fall, he was even more explicit: "I heard the Valkyries circling.
His own business, Applied Quantitative Research--one of the world's leading quantitative-investment, or "quant," funds--had also suffered painfully.
The money his team managed fell to $17.2 billion in March 2009, from a peak of $39.1 billion in September 2007, as clients headed for the exits with what was left of their cash.
Purchases include assets of Beth Israel Hospital Association of Passaic, Eagle Food Centers Inc. Click here for a listing of Oak Point owned estates.