Friday, Sep 28, 2007
THE founders of hedge fund Basis Capital yesterday admitted that their sole remaining active hedge fund, the Aust-Rim fund, had lost half its value.
theaustralian.news.com.au: Basis Capital fund down by 50pc
In August, Basis Capital sought bankruptcy protection in the US for its Basis Yield Fund after massive losses caused by the flow-on effects of the US sub-prime mortgage meltdown.
Posted by chris @ 01:30 AM (428 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.