Connecticut hedge fund New Stream Capital is about to seize one of LA’s most expensive mansions. Self made radio mogul Ken Roberts, who’s been tied up in a nasty loan-to-own battle with the fund, told ME he’s set to turn the keys over Monday because he couldn’t pay back the $27.5 million he was court ordered to pay the hedge fund. Roberts says–like others who took short-term high-interest loans from Ridgefield-based New Stream, and secured the notes with their most valuable possessions– has discovered the fund wasn’t intending to just make him a loan, it really wanted to get control of his high-value property.
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The Hedge Fund HOT 100 Is Out - click on the HOT above to open the Hot 100 in a new page
4 years ago