RE:RE:RE: RICK RULEKevin Bamborough ~ who worked closely with RR on the executive team, has some very colourful posts on X, claiming that RR along with a few other execs, pushed private debt funds (one of which turned out to be fraudulent 'Bridge Finance') without properly vetting managers and unwilling to invest into these same funds themselves.
Other Private Debt Funds, such as 'Flat Iron' were improperly managed operating way out of agreed upon risk parameters, leading to a collapse in the fund and huge losses for early investors
Even their flagship private debt fund 'Third Eye Capital', under RRs watch, is currently gated, as investors who want to redeem, simply can't ~ given a duration mis-match between the Fund's loans relative to 3 month withdrawl notices