Lew: `I Lost Money' on Cayman Fund, Paid Taxes Owed

Feb. 13 (Bloomberg) -- Jack Lew, President Barack Obama's nominee for U.S. Treasury secretary, said he lost money on an investment in the Cayman Islands and paid taxes owed. Lew, testifying before the Senate Finance Committee, said he wasn't aware of the fund's location when he invested. (This is an excerpt. Source: Bloomberg)