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Paul Murray's weblog, with news you may have missed and my $0.02 worth on a number of topics. "You can't make up anything anymore. The world itself is a satire. All you're doing is recording it."
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Wednesday, July 18, 2007
Ouch.
So ... did all the people rushing to invest in hedge funds ever consider this possibility? Investors in two troubled Bear Stearns Cos. hedge funds that made big bets on subprime mortgages have been practically wiped out, the Wall Street firm said yesterday, in more evidence of the turmoil in this corner of the bond market. Labels: hedge funds, investing
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