Monday, June 25, 2007

Hedge fund write offs and property markets

London hedge fund feels sub-prime pain

"Falling UK and US housing market means Cheyne Capital has had to write €108m off its €400m Queen's Walk fund. Queen's Walk also had to write down the value of UK mortgage loans because of the possibilty of increased defaults as rising interest rates hit home."

Posted by confused76 @ 10:07 PM (485 views)
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3 thoughts on “Hedge fund write offs and property markets

  • …..and another one bites the dust!

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  • “on both sides of the atlantic … ”

    Indeed.

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  • Isn’t globalisation wonderful, this is it’s Achilles heal when things start going belly up in one corner of the world it will spread like bird flu to all corners there will be nowhere to hide.

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