Dennis Doherty is looking for an underwriter for the private placement of his new investment fund. If all goes according to plan, he will raise $250 million from institutional investors in the first two weeks of June. Then he can go and blow it all on paintings.
“I can make a very good case based on raw data since the end of World War II that the market appreciates at about 12%,” says Doherty from his ranch in New Mexico.
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