Regis Philbin
May 24th, 2007, 01:10 AM
Arrrrgh, Matey! It looks like Pirate John has a stake in some treasure, he does.
http://www.thestreet.com/_breitbart/funds/followmoney/10358370.html?cm_ven=BREITBART&cm_cat=Free&cm_pla=Feed&cm_ite=Feed&puc=breitbart
John Edwards Stakes Claim on Pirate Booty
By Brett Arends
Mutual Funds Columnist
5/23/2007 10:33 AM EDT
The question of the day: Just how much of the $500 million sunken treasure found in the Atlantic last weekend belongs to Democratic presidential candidate John Edwards?
I put a call in to Edwards' campaign yesterday morning to find out, but I haven't heard back yet.
The reality? The populist one-term senator will get an undisclosed piece of the action from the sunken 17th-century galleon.
The ship, laden with gold and silver, was found at the bottom of the Atlantic by a little-known exploration company, Florida-based Odyssey Marine Research.
Even less well known is who owns OMR.
Biggest shareholder: New York-based Fortress Investments, a private equity and hedge fund manager. Senior adviser and major investor: John Edwards.
Edwards' personal financial disclosures show he's an investor in the exclusive Drawbridge Global Macro Fund, which owns the 9.9% stake in OMR.
Ten percent of $500 million. After costs, of course.
http://www.thestreet.com/_breitbart/funds/followmoney/10358370.html?cm_ven=BREITBART&cm_cat=Free&cm_pla=Feed&cm_ite=Feed&puc=breitbart
John Edwards Stakes Claim on Pirate Booty
By Brett Arends
Mutual Funds Columnist
5/23/2007 10:33 AM EDT
The question of the day: Just how much of the $500 million sunken treasure found in the Atlantic last weekend belongs to Democratic presidential candidate John Edwards?
I put a call in to Edwards' campaign yesterday morning to find out, but I haven't heard back yet.
The reality? The populist one-term senator will get an undisclosed piece of the action from the sunken 17th-century galleon.
The ship, laden with gold and silver, was found at the bottom of the Atlantic by a little-known exploration company, Florida-based Odyssey Marine Research.
Even less well known is who owns OMR.
Biggest shareholder: New York-based Fortress Investments, a private equity and hedge fund manager. Senior adviser and major investor: John Edwards.
Edwards' personal financial disclosures show he's an investor in the exclusive Drawbridge Global Macro Fund, which owns the 9.9% stake in OMR.
Ten percent of $500 million. After costs, of course.