Jewish Charity Says It Was Bayou Fund Victim

Jewish Charity Says It Was Bayou Fund Victim: "ewish Charity Says It Was Bayou Fund Victim

By Matthew Goldstein
Senior Writer
9/6/2005 5:42 PM EDT
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Think the well-publicized travails of the Bayou hedge fund only matter to a bunch of jet-setters who should've known better? Think again.

The Jewish Federation of Metropolitan Chicago, a major Chicago-area philanthropic organization, claims in a lawsuit that it lost $4 million on an investment it made last year in the onetime $400 million Connecticut-based hedge fund."