HRJ Capital LLC, the investment firm whose partners include retired football players Joe Montana and Ronnie Lott, said one of its funds lost 12.3 percent in the first two weeks of August, erasing most of its 2007 gain...
So, for your due diligence notebook:
Always invest in a fund of hedge funds whose managers are even more famous—just not for anything to do with running money—than the managers they invest in.
Joe Montana's Firm Says Fund Declined 12% in August
By Jenny Strasburg
Bloomberg Aug. 23 2007
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