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Monday, October 04, 2004|
Money Manager to Buy Brew Crew
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.
Printed from: MFWire.com/story.asp?s=8181
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