Why Lampert May Have the Last Laugh
Sure, the ESL founder is enduring a flood of redemptions. But his fund is doing fine, and he stands to win big if he can turn Sears around.
No need to pass the hat for Edward Lampert just yet.
Overlooked by the reports that investors are fleeing his ESL Partners is that the legendary hedge fund manager is a major shareholder of two of the four stocks his fund owns.