Thursday, March 6, 2008

POP! …and another one on the way too.

High-profile hedge fund collapses

A £1bn hedge fund run by Peloton Partners has collapsed and a second fund, worth £800m, is in doubt as the company sells off its assets. Peloton co-founder Ron Beller last week wrote to investors saying he "deeply regretted" the situation.

Posted by tyrellcorporation @ 04:50 PM (592 views)
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2 thoughts on “POP! …and another one on the way too.

  • “We are working night and day exploring every feasible option to alleviate the situation,” Peloton founders Ron Beller and Geoffrey Grant told investors last week.”

    OH DEAR! HOW SAD! NEVER MIND.

    “Peloton’s founders have said publicity about their problems has made the situation worse.”

    OH DEAR! HOW SAD! NEVER MIND.

    “The founders may have to take substantial personal losses after investing their own money in the funds.”

    OH DEAR! HOW SAD! NEVER MIND.

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  • Goldman Sucks

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