Magic Johnson Backed Fund Hits Headwinds

Magic Johnson Backed Fund Hits Headwinds Play

March 22 (Bloomberg) -- Yucaipa is cutting fees for investors and founder Ron Burkle will forego his annual management fee until the fund’s investors recoup money that they lost according to the New York Times' Dealbook, citing unidentified people familiar with matter. Betty Liu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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