A kinder, gentler Horse Hedge Fund?

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From the Wall Street Journal:
They're Off: Trainers to Start Horse Fund
By Jon Weinbach

Three of thoroughbred racing's most-successful trainers are teaming up for a venture that will buy, train and sell horses for investors in a move that underscores the rising costs of the sport and comes on the heels of Triple Crown buzz.

The Thoroughbred Legends Racing Fund, which is to be announced Monday, aims to raise $75 million to $125 million by late August and create a 100-horse stable within three years. The horses will be selected and trained by D. Wayne Lukas, Bob Baffert and Nick Zito, ...