Thursday, Jun 28, 2007
Early wobbles hit London based fund
Ft.com: London fund latest subprime victim
London listed Caliber Global Investments today anounced it is to wind down it's £900 million hedge fund after initial losses of £4.4 million from subprime investments, a subsequent internal review that found “insufficient demand currently” through listed investment companies exposed to this asset class.
Posted by enuii @ 10:39 PM (40 views) Add Comment
3 Comments
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1. lvmreader said...
What just happened yesterday [to Bear Stearns] will go down as the turning point in recent financial history. The bullshit was finally exposed.
People claimed they had CDO assets worth X million and found out that they were worth, at best, x hundred thousand.
Dorothy, Kansas, Bye Bye!
2. Orwell said...
Income is primarily created from the difference between the income generated by investments and the cost of borrowing to finance them. We have established diversified sources of committed funding. We generally hedge our exposure to fluctuations in interest rates and exchange rates.
Errrrrrrm......yes (rubbing his chin).....
3. dohousescrashinthewoods said...
So, that's the trird of [n] dominoes..?