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Athens-based Bluehouse attracted money managers for decades with the lure of juicy returns. When those didn't materialize, hundreds of internal documents turned up instead.
When real estate investor Yannis Delikanakis woke up from a 26-day coma in April 2020, he discovered that his bank accounts had been frozen and he’d been ousted from the private equity fund that he had co-founded 16 years earlier.
In the weeks before the Athens-based Bluehouse Investment executive slipped into a Covid-induced coma, he’d been wrangling with his partners about the fund’s valuation. Delikanakis believes they took advantage of the moment to cut him out of the firm after disputes over its poor performance.