Bono Becomes The Worst Investor In America

bonoap031409I still haven’t found what I’m looking for.

Bono, the Irish rock star, has put significant money into Elevation Partners, arguably the worst run institutional fund of any size in the United States. Bono is listed as one of the five members of the firm’s investment team.The fund claims that its “mission is to help media and entertainment businesses develop and market great content.” In the process, it has made an unprecedented string of disastrous investments which even bad luck could not explain…

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