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Hedge fund CEO emerges as top Emanuel troubleshooter

Chicago Tribune – When Chicago aldermen wanted answers on Mayor Rahm Emanuel’s new parking meter deal, they heard the details not only from a City Hall lawyer and administrator but from a rich and influential businessman who has no official city job at all.

Michael Sacks, the leader of a Chicago hedge fund firm and a close friend of Mayor Rahm Emanuel’s, had been the closer on the deal, a primary example of how he has come to float between the worlds of business and government as he does Emanuel’s bidding.

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