Stern Family Sacks Its Head of Alternatives over Bayou

The Stern family, controllers of Hartz Mountain Industries, has reportedly axed the head of its alternative investments, Hunt Taylor, over his decision to investment a chunk of the family’s change in a little hedge fund called Bayou. Whatever the family lost in Bayou can be added to the $40 million it flushed down the toilet when it settled with Eliot Spitzer over the family’s Canary Capital Partners’ alleged involvement in the market timing scandals of 2003. Maybe they should stick to real estate.
Reported Firing at Stern [AIN via Albourne]

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