Monday, Jun 25, 2007
Like skittles in a bowling alley
times: London hedge fund feels sub-prime pain
Two of the highest paid dealers in the City, Stuart Fiertz and Jonathan Lourie, today had to admit that the value of their listed fund investing in mortgage-backed bonds had fallen by a quarter in three months, hit by the fall-out from the housing market on both sides of the Atlantic.
Posted by out of control speculators @ 08:04 PM (154 views) Add Comment
2 Comments
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1. royston said...
It still only the first wave and they are already dropping like flies!
2. dohousescrashinthewoods said...
"fall-out from the housing market on both sides of the Atlantic" - is that suggesting US and UK HPC?