Magic Johnson Backed Fund Hits Headwinds

March 22 (Bloomberg) -- Yucaipa is cutting fees for investors and founder Ron Burkle will forego his annual management fee until the fund’s investors recoup money that they lost according to the New York Times' Dealbook, citing unidentified people familiar with matter. Betty Liu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (01/13)
57:03 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include George Goncalves, head of U.S. rates research at Nomura, Harvard University Professor Nicholas Burns, Brad Bechtel, FX strategist at Jefferies, Steven Ricchiuto, chief economist at Mizuho Securities Steve Rattner, chairman at Willett Advisors, Paul Miller, banking analyst at FBR Capital Markets, Julian Emanuel U.S. equity and derivatives strategist at UBS Securities, Blair Effron, co-founder at Centerview Partners, and David George, senior research analyst at Robert W. Baird. (Source: Bloomberg)
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