| Hedge fund collapse not because of wrong investment |
|
|
|
| Written by Wilfred Ling | ||||||
| Wednesday, 01 October 2008 | ||||||
|
According to a report HERE, the Oak Group Inc which has been in the hedge fund business for 22 years is going out of business because it lost 70% of its asset. However, it did not make a wrong investment decision but rather it relied on the Lehman Brother’s prime brokerage in London which its account was frozen when the Lehman filed for bankruptcy. This means that it is possible for any fund to collapse because its broker collapses. Isn’t this scary?
Only registered users can write comments!
Powered by !JoomlaComment 3.26
3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved." |
||||||
| < Prev | Next > |
|---|