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DineEquity: Michael Dell's Choice For Dining

Billionaire Michael Dell got a big win earlier this week. He's taking his prized possession, Dell (NASDAQ:DELL), private and will remain at the helm. However, it's little known that Michael Dell has a separate hedge fund that manages his non-Dell fortune. The fund is appropriately named, MSD Capital, for Michael Saul Dell. MSD was formed in '98 with the purpose of managing Michael Dell's fortune.

Over the last decade or so, MSD has owned the likes of Steak 'n Shake and Dominos Pizza. He's since sold off his stakes in those companies, but he has held on to one dining stock. Dell's MSD is one of the largest shareholders of DineEquity (NYSE:DIN), the operator...

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