As the quality of the people Rainwater backed improved, so did his returns. "By 1980," Rowe writes in his 1989 profile of the private equity manager, "the Basses and Rainwater had made the progression from being rich to enormously rich."
Q1 hedge fund letters, conference, scoops etc

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The Bass brothers, with Rainwater as their frontman, went from strength to strength in the 1980s. The partnership had backed T. Boone Pickens' Mesa...

