The Future of Eddie Lampert’s ESL Hinges on Sears’ Bankruptcy

The hedge fund is Sears’ biggest shareholder. It, along with Lampert, also hold $2.5 billion of the retailer’s debt.

(Daniel Acker/Bloomberg)

(Daniel Acker/Bloomberg)

With the long-anticipated bankruptcy of Sears Holdings, the fate of yet another hedge fund alum of Goldman Sach’s famed risk arbitrage desk hangs in the balance.

The iconic retailer filed for Chapter 11 bankruptcy protection from creditors on Monday, the latest headwind for Edward Lampert’s hedge fund ESL Investments.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.