Tags: hedge | fund | closing

Not Even Hedge Funds Like This Market

Monday, 22 Sep 2008 09:00 AM

The best-performing hedge fund manager of the past two years has closed down his funds and is returning money to investors after concluding that the danger of losing money from a bank collapse is too high.

Andrew Lahde, founder of California’s Lahde Capital, told investors last week that further credit problems – the basis of his profits – were likely but the reliance of the bet on bank counterparties made it too risky.

Read the full story here: Hedge fund returns money

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The best-performing hedge fund manager of the past two years has closed down his funds and is returning money to investors after concluding that the danger of losing money from a bank collapse is too high.Andrew Lahde, founder of California’s Lahde Capital, told investors...
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2008-00-22
 

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