Finally, there is proof that the fund industry has hit middle age ... Mark L. Attanasio is reportedly about to close on a deal to buy the Milwaukee Brewers from the Selig family for $200 million. Attanasio made his fortune at TCW, where he serves as the chief investment officer for the money manager.
Attanasio has been a baseball fan since he grew up in the Bronx, reports the Los Angeles Times
. Buying the team is not likely to force another relocation by Attanasio (he works in TCW's Los Angeles headquarters), though he may buy a residence there.
Still, he has Milwaukee connections. His other brother, Robert, is married to a Milwaukee native whose parents own Milwaukee-based Stein Garden and Gifts, a chain of garden supply stores.
Attanasio, who is an alumnus of Drexel Burnham Lambert, manages about $10 billion in high-yield bonds and other distressed debt and reportedly has a nose for finding hidden value. Brewer's fans must be hoping he has not lost that skill.
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