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.

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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.

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