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 strategy made famous by Valeant Pharmaceuticals. And today, the hedge fund is on the…