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Duff’s $100 Million Hedge Fund Spree Fails to Lure Investors

(bloomberg.com)

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2009-10-31

`` Duff Capital failed, former employees say, because its founder kept spending money as if the credit crunch weren’t happening. Duff agreed to pay $5.5 million a year in rent, according to a person familiar with the matter, and outfitted his top-floor offices with a food court, showers, a boardroom table for 20 and a skylight with panes that filtered bright light to keep traders from squinting at their computer screens.''

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