Wilbur Ross’s Funds Have Posted Mediocre Returns in Last Decade
- Funds started in early 2000s posted big gains, documents show
- Firm may struggle with Ross in DC as commerce secretary
Investor Wilbur Ross arrives for his meeting with president-elect Donald Trump at Trump International Golf Club, Nov. 20, in Bedminster Township, New Jersey.
Photographer: Drew Angerer/Getty ImagesThis article is for subscribers only.
Billionaire investor Wilbur Ross, extolled by Donald Trump as someone who “knows how to help companies succeed,” has had a hard time making his own firm thrive.
For the last decade, Ross, the president-elect’s nominee for Commerce Secretary, has delivered lackluster results after posting impressive investment gains in the early 2000s, according to fund data compiled by Bloomberg. His New York-based firm, WL Ross & Co., specializes in restructuring and reviving ailing enterprises.