The managers of this hedge fund handed over $100 million dollars in other people's money without so much as a whiff of due diligence. There are 13 major life s

The managers of this hedge fund handed over $100 million dollars in other people's money without so much as a whiff of due diligence. There are 13 major life sciences venture capital firms and not one of then would touch Theranos with a ten foot pole. You'd think, in theory, that whomever it was at Partner Management LP who makes the big investment decisions would make a few phone calls first before deciding to pull the trigger. Startups making bold promises about unproven technology are a dime a dozen.