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Tuesday, July 26, 2011

Ron Baron Says He Has No ATM Card

News summary by MFWire's editors

A photo posted by Wall Street tabloid DealBreaker late last month of an ATM receipt showing a $99,864,731.94 account balance instantly went viral on the Internet and triggered speculation on who was the owner of the account.

Aside from hedge fund manager David Tepper, who told the New York Post that it wasn't him, a name that came up was mutual fund manager Ron Baron, CEO of New York City-based Baron Capital.

Earlier this month, CNBC's Lori Ann LaRocco asked Baron if he was the one who left behind the ATM receipt at an East Hampton Capital One branch.

"I don't have an ATM card," Baron told CNBC. 

Edited by: Armie Margaret Lee


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