Lee's bid for stardom

You have to admire Thomas Haskell Lee for his chutzpah in choosing names, if perhaps not his originality.

The founder of one of the oldest buyout firms, Thomas H Lee Partners, who left this year to concentrate on his fund of hedge funds management business, Thomas H Lee Capital Management, last week announced his firm's intention to float a fund of hedge funds on the London Stock Exchange. The name is Blue Star. Film buffs might recognise this as the name of the airline featured in the 1987 movie Wall Street. In the film, pushy young broker Bud Fox learns from his father, head of a union at Blue Star, that a lawsuit has been dropped and the airline will be able to expand into new routes. When Bud fails to impress Gordon "greed is good" Gekko with his investment ideas, he blurts out the confidential information about Blue Star, thus beginning a career as an insider trader that soon ends in jail.

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