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Mitt Romney’s hedge fund history

Forbes – Mitt Romney likes to talk about his time as a venture capitalist with Bain Capital, helping to launch corporate giants like Staples and The Sports Authority. His critics like to focus on Romney’s years as a leveraged buyout investor, highlighting (a handful of) deals in which Bain made money while its portfolio companies went broke. Job creator versus corporate raider.

Both narratives are largely legitimate, since Bain Capital diversified its investment activities during Romney’s time at the helm.

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