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...when the management company's high-risk Aeneas portfolio suffered writedowns of more than $200 million, HMC devalued its nearly $24 million investment in Hampshire to $8 million...

Author: By Stephen E. Frank, | Title: Tech Firm's Closing Hits Aeneas Fund | 4/30/1993 | See Source »

...said the writedown was not important in the larger picture of Aeneas' investments and would not have much of an effect on the portfolio's performance in fiscal...

Author: By Stephen E. Frank, | Title: Tech Firm's Closing Hits Aeneas Fund | 4/30/1993 | See Source »

According to HMC's annual report, venture capital makes up the largest portion of the Aeneas portfolio, with investments totalling $887 million as of June...

Author: By Stephen E. Frank, | Title: Tech Firm's Closing Hits Aeneas Fund | 4/30/1993 | See Source »

...portfolio's real estate and energy commodities investments earned negative returns over the same period...

Author: By Stephen E. Frank, | Title: Tech Firm's Closing Hits Aeneas Fund | 4/30/1993 | See Source »

...move that has whipped up an uncharacteristically public feud in Hollywood, Ovitz has gone one, possibly crucial step further: he has been retained by Credit Lyonnais, the French bank that took over MGM/United Artists in a foreclosure last year, to straighten out its bad-news, $3.4 billion movie-loan portfolio (last month the bank wrote off a third of those loans), to find new investments and, Ovitz hopes, to sell the studio. In the view of Jeff Berg, who runs rival International Creative Management, Ovitz's arrangement makes him crypto-chairman of MGM, which represents an untenable -- and perhaps illegal...

Author: /time Magazine | Title: The Ultimate Mogul | 4/19/1993 | See Source »

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