Wed, Apr 16, 2014, 6:40 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Baron Partners Retail Message Board

  • steveredlish steveredlish May 22, 2009 3:06 PM Flag

    Why the big fees?

    In a nutshell it is the old "buyer beware". Baron needs the money more than you. His news letter is pathetic. I don't know how Fidelity Investments got in bed with this guy.

    His funds in 2006 were valued at $16 billion and Baron is famed for a lavish lifestyle and shareholder meetings which feature rock acts such as Elton John, the Beach Boys and Lionel Richie.[3]

    In 2007 he paid $103 million for a house in East Hampton, New York -- the most ever paid for a residential property at that time -- from Adelaide de Menil, heiress to the Schlumberger fortune.[4] de Menil's house had been built by piecing together historic East Hampton buildings that she moved to the property to protect them from demolition. Prior to the close of the sale de Menil broke up the structures and moved them to various locations in the town for protection including six that were moved a mile north to where they will form the new campus of the East Hampton Town government.[5] Baron is now completing a new 28,000-square-foot (2,600 m2) house, designed by Hart Howerton, a New York architectural firm with several other projects in the Hamptons, which specializes in large-scale land use. The house was included in a recent Vanity Fair article on out-sized building projects in the famous summer resort community.

    His stocks have had some notable stumbles including in 2003 when he and his company paid $2.7 million to settle a Securities and Exchange Commission complaint that they had attempted to improve the stock price of Southern Union Company by buying shares of the stock just before the bell in the 10 days prior to its merger with Pennsylvania Enterprises (a practice referred to as "making the close").[6]

    The company, which owned 59% of Sotheby's Class A stock, lost nearly $267 million when Sotheby's was accused of collusion with Christie's in 2000.[7]

 
BPTRX
34.50+0.56(+1.65%)6:24 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.