Bono Named The Worst Investor In America
March 29, 2010 at 4:27 PM (PT)
BONO, the U2 singer's investment into a company called ELEVATION PARTNERS has earned him the titled of the "worst investor in America," according to the online publication 24/7 WALL STREET.
The private American equity firm has failed terribly in many of its efforts, including attempting to regain mobile phone market shares from APPLE, RIM and other smartphone makers. Their stock has plummeted since last SEPTEMBER and has been given the label of "arguably the worst run institutional fund of any size in the U.S."