Richard Rainwater: The Godfather Of Private Equity Pt.2

Continued from part one.  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 If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. The Bass brothers, with Rainwater as their frontman, went from strength to strength in the 1980s. The partnership had backed T. Boone Pickens’ Mesa Petroleum, and…