Colony Capital LLC, whose chairman and founder, 63-year-old billionaire,Thomas J. Barrack, Jr., began Colony Investors VIII, LP, in 2007, a $4 billion fund which lost over 60% in the first quarter. Barrack and other private-equity managers, spent over $1.6 trillion in buyouts between 2005 to 2007. Many believe this led to the worst financial crisis […]