European Stars And Stripes (Newspaper) - November 27, 1986, Darmstadt, Hesse                                Profile Ivan Boesky Kingpin s fall rocks Wall St. By i Ames Stern cold a vow York times Ivan i roes Vonte compared i Nisler in an interview loan Arrisi Chi  More in the world than the Ordinary person Nua trs Parl ii , colors that an pro Abl heightened beyond what they Muhl have  indeed he became the Lulf of legend Tor his near addiction to Mounds no details on companies and takeovers and his uncanny ability Sci still Mil deals before anyone else. As a result Bonesky who is 4m years old made a Fortune Lor himself and fur the investors who joined his arbitrage partnerships to speculate no takeovers and other  stoc k Market winners. 1 be nov 1-1 in noun Emend that Briesky had a iced to what was l y Lar the  Munler trading a Aldemi no ill has Lerv and die likelihood that he will late i  t Harges and May go to Pri-,4111 for ins misdeeds will Only add to the  no Slones dial Are c injured up Al the Mere mention of his name. Luvall Streel was m ked last week ire Nils Hal Liin sky had c on pealed a ill ,1 government Mesli icon of insider trading and hid taped fus i  Wilh inv Sunn no Industry figures such As lawyers invest intent Bankers anal Stoi k Spei . Sei eral in estors have been subpoenaed i the line sky As charged Vilh making in Irir n in Mure than Iris million in pm fils Ohio Imp the illegal use of   not available to the Public. 1 he securities and Exchange Brit Mission announced Hal Boesky had agreed to return the profits and pay a s50 million penalty and to plead guilty in one criminal charge. The fact Hal Bonesky was Able in pay the Money will Only add in his Boesky ranked what was known As risk arbitrage the business of playing takeover Sloe is. In one form of this the arbitrage Only Liels on announced takeover. In the last several years Homeier arbitrageurs have liken on another role. Inc y have invested extensively in the sluts. No companies not yet the subject of takeover bids. Boesky called this part arbitrage in Doc Viiu iils Given his investors. La has often been wondered who Lher this was a euphemism covering up an illicit network no insiders w to swapped a Avaiu e Inlo Malion Dinul deals Wilh each other for their own profit. Bonesky s reputation had created a huge following of Boesky washers on Wail Street other investors who did Lille Bui try to learn whal stocks he was buying and to pour their own Cash in behind him so magic did they find his Louch stories circulated in the invest men Community of How he would pay millions to hire lawyers to research every aspect of a proposed transaction or of How he once paid a clerk at a private Airport to Irack corporate lets adding to the legend were the stories of his frenetic Energy the pots of Black Coffee he drank daily the fact that he never seemed to Stop to eat beyond occasional nibbling Al fruit salads the Banks of telephones in his fifth Avenue offices through which he worked. Boesky also startled the financial world earlier this year when he raised by far the largest Pool of assets Wilh which to play the arbitrage game about $900 million. And hat capital could be tripled the government inc Ted Iran Roesly Lor $ 100 million Over Shady a loft of Ali. Tiroui h borrowing is he said in do Umi no Guen in investors in Liis . Most of All there was his vast wealth. Forbes  estimated that he was Worth $200 million ind document have confirmed the millions he made every year through his companies. Sources h.ivi1 said Hal when he liquidated his old trading vehicle earlier this  find formed a new one Ivan f. Boesky & co. I he withdrew for himself $193 million. Ironically inc sources said he  emn ordinarily conservative in his own investments putting most of that Money in Treasury Bills in the Gelty Texaco merger along he is reputed to have earner k t million. But he was also often described is  and personable even Dir Minjo. Here was this legend and he was so Nice i pleasant Laid one senior Wall Streel executive who dined with Boesky on several occasions Only to find himself eating while the Short Gray haired Boesky always Lidy in ii three piece Tuil picked i i salad and sipped Coffee. Boesky was tireless in the last few years in telling audiences about Wal .1 service he actually performed for the Market. He stressed that by buying up shares in the Public Market from other investors he allowed them to make a profit on a takeover while he absorbed the risk. But he never seemed entirely comffwtabk1 in Public flashing his  Broad chilling smile. Boesky tame a Long Way from his modes beginnings As the son of .1 russian immigrant in Deleuil inv owner of a Chain of . By he an1 " i 3 Boesky  driving an it Cream truck around die tily without .1 Driver s License. He passed through several colleges in Mil his Iri without  collecting an undergrad Alu degree and finally completed his studies Al the Deleuil College of Law in 1964. Bui his monies ways began while still in Law school when he married Seema Silberstein who happened to be the daughter of the owner of the exclusive Beverly Hills hotel which was recently put up for Sale. Boesky he billion. Isowsky turned in a mixed record earning $-11 million in 1979, losing  million in 19u1 and gaining if 7. I million in the 10-month period Hal ended Oil. 31 of last year according to documents thai he circulated in his investors. Boesky s routine gave him Lille time to enjoy his 200-Aire estate in  county. The estate is  in be surrounded by beautifully manicured gardens and to have Squash and Tennis courts. Lipesky i Day usually began at about 4 30 . When he Rose Afler some two hours or so of sleep. He was generally in new York City by b . And finished Wilh several meetings by the time he Mel his staff Al 7.ill . After that to would Lodge himself in his Large while carpeted office and begin the Telephone Calk plugging into his legendary network of sources. Afternoons often found him in the Harvard club. He never attended Harvard but reportedly a Large donation gained him c Lub membership. He conducted business from the club s private rooms. The Pace was a difficult one but Boesky seemed to thrive on it he had come to be looked upon on Walt Street As a Sorl of investment machine permanently searching for the next profitable Deal. As he once said in an interview "1 sometimes casually say thai i was Given the cod Given gift of being a horse that s kind of Good Al running around a Irack. I Don l know any other Way i Don t know How to be a  and i Don t know How logo to pasture. So t just keep doing what i was allowed to have the Good for lung to do Well and try to do it belter and belter and  20 tit Lei mtg int novt Mytr 27, 1936