Joe Montana Was 12.3% Less Rich Last Month
Joe Montana is a partner in an investment firm called HRJ Capital LLC (Ronnie Lott and Harris Barton are also a partners) and he, like thousands of other far more poor souls, was adversely affected by the collapse of subprime mortgage lending industry. The firm’s Legends Multi-Strategy Plus Fund has a pool of $1.75 billion but lost 12.3% of its equity in just the first two weeks of August (Standard & Poor’s 500 Index lost 6.7 percent) attributable mostly to the repercussions of this major financial crisis.
Let us all cry a little river for Mr. Montana as we all know that this guy loves his money. He might have to cut back on the caviar and Cristal for a little bit while his financial peoples sort this all out. Perhaps he should do what he has done before and give his name to a brand of wine and sell case of it for $210,000?
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