David and Eugene Grin built a major business for themselves selling last-ditch loans to troubled companies. But with returns slipping, some wonder if their Laurus Family of Funds can continue fattening itself at the bottom of Wall Street’s food chain.
In just five years, Laurus has gone from being a blip in the $1 trillion hedge fund universe to one of the nation’s largest investors in penny stocks. The Israeli emigres, who started in 2001 with less than $5 million in capital, now boast nearly $1 billion in assets.
