Colony PE Head Says Firm Relied on 'Barrack Magic' for UAE Money.

(Bloomberg) -- Colony Capital LLC's former private equity head testified that founder Tom Barrack's ties to Middle East sovereign wealth funds were so well-known internally that a firm spreadsheet of potential investors identified those with "Barrack Magic." Colony PE Head Says Firm Relied on "Barrack Magic" for UAE Money Abbe Lowell, a defense lawyer for Barrack's assistant Matthew Grimes, who is also on trial, asked Chang if Barrack ever asked him to do anything improper. [Extracted from the article]