Bain wins with burgers and phosphates

Wed Jul 30, 2008



By Pete Gallo

Okay, former Massachusetts Governor Mitt Romney is no longer a contender for the White House. But if it's any consolation to his Republican supporters, Mitt's financial legacy seems to have secured a safe place in history. Bain Capital, the multibillion-dollar investment group he co-founded in Boston in the 1980s, has perhaps never been better. It's no exaggeration to say that Bain Capital's picks for its core hedge fund portfolio have really leapt to life of late.

A stunning performer has been Innophos Holdings, a stock that hit $35 in mid-June, up $25 per share since the start of the year.

Why the surge? It might be because other investors had trouble classifying the Cranbury, N.J., company, which produces an array of chemical additives used in everything from commercial fertilizers to fizzy soft...

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