These Were Lowell And Michael Milken’s Favorite PE Funds

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Michelle deBoer-Jones
Published on
Updated on

Many well-known hedge fund managers and other asset managers donate millions of dollars to charity regularly, often using their own foundations to not only distribute their money but also to invest. Michael Milken, known for developing the high-yield bond-trading department at Drexel Burnham Lambert later spending almost two years in prison for securities fraud until then-President Donald Trump pardoned him in 2020, is among those who use their own foundations to dole out their millions. Milken’s securities fraud conviction aside, we can get an idea about the fund managers he trusts the most by looking at where his foundation invests…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.