Word: ziff
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Dates: during 2000-2009
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...their wounds this year. Last week, Tontine Partners, a formerly $10 billion hedge fund based in Greenwich, Conn., told investors it had lost 65% of their money. Tontine's manager, Jeffrey Gendell, made Forbes' list of richest Americans in 2008 with an estimated net worth of $1 billion. Och-Ziff Capital Management Group, which became one of the first hedge-fund companies to go public last November, recently reported that its Asia fund had fallen nearly 17% for the year. Even the fund of David Einhorn, who was one of the first to publicly say that Lehman Brothers could fail...
DIED.William Ziff, 76, who took over his family's tiny publishing company at age 23 and built it into the $700 million Ziff-Davis magazine empire, specializing in hit niche periodicals like Car and Driver, Flying,Yachting and PC Magazine; in Pawling...