Greenwich’s Plainfield Asset Management toast?

Antares better hope not. The company, under investigation by New York and , now that someone else has done the leg work for him, Connecticut’s own Richard Blumenthal, is paying $7 million a year on ultra-plush digs at 100 West Putnam Avenue. Blumenthal is such a joke – it’s a shame he’ll be moving to the Capitol to work greater mishief.

UPDATE: Here’s the Fortune article that recounts Plainfield’s troubles. From managing $5 billion before the crash, Plainfield’s down to $560 million plus $2 billion he’s holding captive until 2012 from investors who want their money back. That doesn’t sound like a strong business model.

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One response to “Greenwich’s Plainfield Asset Management toast?

  1. Teri Buhl

    It didn’t sound like Blumenthal’s office even knew about the miss-behavior at Plainfield until I called them to comment and pointed out the Fortune story. At least we have the good people of NYC paying for their D.A. to investigate our hedgies when they get out of line.