Hedging your bets on the next Dodgers owner

LA Times – Forecasting how this might ultimately play out is a risky endeavor, which is something Steven Cohen is at least historically familiar.

Cohen is the East Coast hedge fund titan identified by The Times’ Bill Shaikin as bidding on the Dodgers. A hedge fund is a somewhat murky concept to most people, but then it’s not intended for most people, at least not directly. It’s intended for pension funds and foundations and that infamous 1%.  The kind of people who want to call and speak to the fund manager directly.

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