The Mattress Firm, The Buyout, The Collapse, The Hedge Fund That Mis-Timed And What It Means For You
For most people, mattresses are boring, essential household items and selling them is hardly a glamorous business either. You would probably not expect to uncover one of the largest frauds of the past decade studying a mattress firm.
But that's exactly what hedge fund JHL Capital ended up doing when it got involved with Mattress Firm.
JHL Capital has a record of spotting terrible companies. In 2015, the firm was one of the first to call out the businesses practice of using leverage to roll-up businesses; a . . .
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