To: TigerLikesRooster
Sounds like these “hedge” funds forgot to hedge.
6 posted on
10/02/2008 4:53:37 PM PDT by
oblomov
To: oblomov
Sounds like these “hedge” funds forgot to hedge.
100% long, 100% short, and fully hedged hedge funds were all caught up in the failure of LBIE.
Hedging against the failure of one's prime broker is not even possible, although certainly the fund managers should have been well aware of the risk to their assets if they remained with an insolvent PB.
jas3
11 posted on
10/02/2008 5:06:48 PM PDT by
jas3
To: oblomov
Sounds like these “hedge” funds forgot to hedge. Hedge Fund is such a misnomer...
37 posted on
10/03/2008 5:34:36 AM PDT by
pointsal
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