Tales From the Hedge Fund Crypt

`` A look at the court records around Paradigm shows that the prospect of bringing public-pension-fund money to Paradigm was a key part of the thinking behind the Bidens' hedge-fund adventure. The contracts signed between Paradigm, the Bidens, and then-partner Tony Lotito outline a strategy that would have paid Jim Biden and Tony Lotito big placement fees in return for soliciting pension-fund clients.''