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Hedge Funds Target Euro Zone's Weak (shorting countries on the brink)
WSJ ^ | 12/10/09 | JOANNA SLATER, GREGORY ZUCKERMAN AND CASSELL BRYAN-LOW

Posted on 12/09/2009 10:14:47 PM PST by TigerLikesRooster

Hedge Funds Target Euro Zone's Weak

BY JOANNA SLATER, GREGORY ZUCKERMAN AND CASSELL BRYAN-LOW

The sudden spotlight on troubled government borrowers is presenting a long-awaited payday for investors who placed early bets against countries now under pressure.

Investors including Balestra Capital Ltd., Hayman Capital Partners LP, North Asset Management LLP and Pivot Capital Management Ltd. have been anticipating such flare-ups for at a year or longer, betting that some countries would emerge from the financial crisis in much worse shape than others.

Those bearish positions had led to a difficult 2009, as investor confidence picked up and rivals gained by buying risky investments. Kyle Bass's $650 million Hayman Capital suffered losses this year, for ...

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: eu; hedgefunds; shorting

1 posted on 12/09/2009 10:14:49 PM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

Ping!


2 posted on 12/09/2009 10:15:20 PM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

Balestra Capital Ltd.
Balestra Capital’s James Melcher
Hayman Capital Partners LP
Kyle Bass’s Co-workers at Hayman Capital Partners, L.P.
Andrew Jent - Chief Executive Officer

North Asset Management LLP
Alex Ingham
Demographic info
Investment Management | London, United Kingdom
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Alex Ingham Clark
Title
Managing Director at North Asset Management LLP
Demographic info
Investment Management | London, United Kingdom
Current:Managing Director at North Asset Management LLP Past:Principal at Investcorp International, Mamaging Director at Nikko Europe, Sales Director at NM Rothschild

Pivot Capital Management Ltd
Key Executives
Mr. Carl Stephen George
Principal
Mr. Par Mellstrom
Principal
Mr. Thomas Fraser Underwood
Chief Operating Officer
Ms. Jovita Vyðniauskienë
Compensation as of Fiscal Year 2009.


3 posted on 12/09/2009 10:31:42 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
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To: TigerLikesRooster

10 Looming Geopolitical Disasters

http://www.businessinsider.com/top-10-international-catastrophes-2009-12


4 posted on 12/09/2009 10:47:32 PM PST by FromLori (FromLori)
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To: TigerLikesRooster; FromLori
The joke is on them.

Virtually nobody is going to be able to cover the shorts.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

5 posted on 12/09/2009 10:53:05 PM PST by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: FromLori; TigerLikesRooster
#5

" 'The last time Japan faced a major financial problem, they invaded everybody,' says Zeihan. 'Something's going to happen, but I don't know what.' "

yitbos

6 posted on 12/10/2009 12:11:27 AM PST by bruinbirdman ("Those who control language control minds.")
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To: The Comedian

I hope the jokes not on us and we are forced to bail them out.


7 posted on 12/10/2009 9:04:15 AM PST by FromLori (FromLori)
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To: FromLori

It’s a pity our current Administration is so clueless!

“American recovery stalls

Risk: Remember that the U.S. is the world’s largest economy with more consumer spending and disposable income than the rest of the world combined.

‘It’s pretty straight forward that whether or not the U.S. sinks or swims has massive impact on the rest of the system,’ says Zeihan of Stratfor.”


8 posted on 12/10/2009 10:31:40 AM PST by Diana in Wisconsin ( "When you subsidize poverty and failure, you get more of both." - James Davidson)
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To: Diana in Wisconsin

Sure is Diana and worse that we will all have to go down with them :(


9 posted on 12/10/2009 10:39:34 AM PST by FromLori (FromLori)
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