Friday, Feb 29, 2008
London hedge funds at risk
BBC News: Credit crisis claims hedge fund
A London-based hedge fund has become the latest victim of the credit crisis after Peloton Partners began shutting a $2bn (£1bn) fund due to severe losses.
Peloton's fund, known as ABS Master Fund, had bet that sub-prime mortgages would decline in value and instead had focused on better quality US home loans.
But these investments have also become tainted by the problems in the sub-prime market, resulting in a steep decline in their value.
Posted by mken @ 09:53 AM (64 views) Add Comment
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