Jackpot! Why 5-Year Lock-Ups Are a Great Idea
August 17, 2008
The two-year-old hedge fund founded by Jonathan Wood, a former UBS AG trader, is down about 85% from its inception through July, according to a person familiar with the matter.
Mr Wood, known as an outspoken investor, has seen his investments in several high-profile casualties of the global financial crisis sour including Bear Stearns Cos, Countrywide Financial Corp (CFC), and UK bank Northern Rock (NHRKF.PK)...
SRM declined to comment on
the fund's performance.
the fund's performance.
Wood still has three years to make the 600-odd percent it will take to get his investors back to even.
Hedge Fund Suffers Sharp Losses
by Cassell Bryan-Low
The Wall Street Journal Aug. 14
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This article has 1 comment:
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User 244491
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27 Comments
Aug 17 12:48 PMQVT Financial LP is liquidating with biggest losses coming from going short commodities last year and going long last 2 months.Add here leverage as a spice and you can imagine what leverage average hedge fund uses.NEVER INVEST IN HEDGE FUNDS.