Delivered to 15,000 Plainfield "doorsteps" Monday, Wednesday, Friday & Sunday

Wednesday, January 27, 2010

UPDATE: Plainfield Asset Management mess breaks into news big-time


It's a small pleasure for Plainfield Today to get the jump on the big guys sometimes. As in yesterday's post wondering about the relationship between P&F Management (AKA Dornoch Plainfield) and Plainfield Asset Management LLC, the hedge fund coming under criminal scrutiny.

P&F Management, the entity that seems to be in charge at The Monarch condos on East Front Street, has been billed as a joint venture with Plainfield Asset Management LLC, and I am wondering if there will be any spillover from the Manhattan DA's and Connecticut AG's investigations that will ripple into New Jersey's little cesspool.

Besides the condo project in Plainfield (more here), Glen Fishman is, or has been, involved with a development called The Savoy in Rahway (see Rahway Rising blog here), which has yet to get off the ground, a large project called The Vistas at Great Falls in Paterson, also apparently stalled, and the rescue of Kara Homes noted yesterday.

Today, the Plainfield Asset Management investigation has made the news in the Wall Street Journal (see here), Business Week (here), and the New York Times (here).

A Google search for news in the last 24 hours on Plainfield Asset Management returned Plainfield Today in the fourth slot -- behind Business Week and the Wall Street Journal, but ahead of the New York Times.

Beating out the New York Times?

Patting myself on the back?

Me?!!!

Never!!!



-- Dan Damon [follow]

View today's CLIPS here. Not getting your own CLIPS email daily? Click here to subscribe.