Eddie Lampert’s ESL Remains Anchored to a Sinking Sears

As the retailer sheds value, the hedge fund shrinks as well. It’s been years since ESL was a giant and Lampert seemed a genius.

Edward Lampert’s ESL Investments has become as much of a shrinking, fading has-been as Sears Holdings Corp., the once-iconic retailer to which Lampert has hitched his reputation and his fortunes.

In his latest form ADV to the Securities and Exchange Commission, Lampert reports that assets have now fallen to $4.2

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