I'm sorry, did you just say "only $78 million"?

Posted by Augmented Ballot | reply to this comment
September 30, 2008 11:19 am

How is the man going to survive I guess he'll have to up the fine china

Posted by Fstu | reply to this comment
September 30, 2008 11:51 am

He's the MANAGER. It's a FUND. The money is not all his, rather it's his investors' money. Or, at least, it was. Did the City of San Diego invest in this fund?

Posted by Joe Duh | reply to this comment
September 30, 2008 2:12 pm

Rady is a shrewd money manager and a money maker. Millions may have been lost, but I very much doubt that it will turn out to be Rady's money, rather the investors et al. Rady left Wachovia's board of directors 10/1 with an additional 11K + shares of stock and if the deal goes through between either Wells Fargo or Citi and Wachovia, there is a good chance the shares he holds will again be converted and worth a bundle. A loser on occasion? Perhaps. But a man who knows how to make money in mostly any market? Absolutely. No, I'm NOT a close personal friend of Rady, but I have seen his work for about 25 years and watched him make money when the markets were really dicey. He might lose this round but I'd bet he'll make up for it in relatively short order.

Posted by Doc | reply to this comment
October 4, 2008 6:19 pm

• Users may post more than one comment, but should not pose as multiple users. Multiple posts from the same IP address but with a different user name on each will be reviewed to determine whether abuse has occurred.
• Posts with overly personal attacks or unsubstantiated allegations may be edited or deleted.
• Please be patient with the posts -- there may be a delay before they appear on the site -- and make sure to enter the code in the "image verification" box.