HRJ Capital LLC, the investment firm whose partners include retired football stars Joe Montana and Ronnie Lott, said one of its funds lost 12.3 percent in the first half of August, erasing most of its 2007 gain.
Blame the subprime mortgage crisis for the decline, the fund said.
Montana is an equity partner in the firm, and Lott is a founder and managing partner. Harris Barton, another managing partner and founder, also played professionally with Montana and Lott for the San Francisco 49ers.
Bush and Bernanke should help the former football greats through this difficult time.