Monday, November 26, 2007

Hedgy makes 10x profit betting against US subprime

Hedge fund’s 1000% subprime return

Short article here it is "Californian hedge fund Lahde Capital has made more than 1,000 per cent return this year by betting against US subprime home loans, making it one of the world’s best-performing funds of all time. Mr Lahde, whose fund is one of the smallest specialists shorting subprime, has now begun to return money to investors, telling them in a letter that he expected the collapse in value of subprime mortgage-linked securities to be repeated for bonds backed by commercial property loans in a deep recession. “Our entire banking system is a complete disaster,” he wrote. “In my opinion, nearly every major bank would be insolvent if they marked their assets to market.” He also said he would be putting some of his own profits into gold and other precious metals."

Posted by happyrenterz @ 11:13 AM (851 views)
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One thought on “Hedgy makes 10x profit betting against US subprime

  • WOW.

    2008 will bring the HPC we have all been waiting for.
    Unfortunately there will also be some nasty surprises too.

    I don’t see the bottom of this carnage until 2011.
    To add to his list of getting gold – get canned food and move to the countryside.

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