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Friday, August 13, 2010

Barbra Streisand Foundation $1.3 million Investment Loss

Barbara Streisand has a charitable foundation, which has suffered investment losses similar to many individuals on funds. The foundation just reported a loss of $1.3 million, primarily due to a drop in the value of some Ford Motor Credit notes, along with losses from investing in a couple of hedge funds.

Michael Douglas, also known as Gordon Gekko from the Wall Street movie, also has a charible foundation with stock market losses, in excess of $250,000.

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