Via Bloomberg. I suspect there will be more stories like this of rich families whose net worths and reputations suffer from soured hedge fund (and PE) investments.
I also speculate that this is another example of a mini-theme of this blog: A legendary businessman (and whatever you think of his politics, that is what Perot is) finds himself liquid after selling the company he founded. Transforming from a businessman to a investor, he risks leaving behind his hard-won expertise in evaluating living, breathing companies to invest capital in the "finance" industry, an area in which he has much less expertise--in this case a leveraged credit hedge fund. Trouble ensues.
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