Hedge-Fund Manager’s Next Frontier: Lawsuits

Wall Street Journal – Emanuel “Manny” Friedman is willing to do what other millionaire hedge-fund managers would rather avoid: dial for dollars.

Call into one of his quarterly portfolio updates as a noninvestor and a few minutes later you are apt to get a quick private call from Mr. Friedman himself offering up his personal line for follow-ups, according to people familiar with the firm. Ignore the pitch, and he will ring again the next time you call in and again the next.

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