Tag Archives: Plainfield Asset management

More on Plainfield fund in Greenwich Time

Teri Buhl’s got the story.

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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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