November has not been kind to Eddie Lampert, the founder of hedge fund firm ESL Partners. With his flagship fund’s largest holding posting double-digit losses since November 6 — after more than doubling through October — and its second-largest holding also posting a double-digit drop since mid-October, Lampert’s fund has lost a significant chunk of its year-to-date gains.
Sears’ Sudden Drop Takes ESL for a Ride
The retailer’s stock has taken a beating since Election Day, crimping the big year-to-date gains of shareholder Eddie Lampert’s ESL.
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