(Bloomberg) It seemed like a good idea at the time — buy an equity stake in an upstart film company founded by two gutsy New Yorkers with a knack for making money at the box office. That was in 2005 when Goldman Sachs & Co. was raising money to help producers Harvey Weinstein and his brother, Robert, open a new movie studio. This week, as Weinstein Co. filed for bankruptcy, it became clear that a group of hedge funds and other big-name money managers were among those who lost money betting on the duo.
Weinstein Co. Burns Funds From Baupost to Highbridge
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