(Reuters) - The Boston-based hedge fund, which managed money for
Harvard University, lost roughly half of its $3 billion in
capital in less than a month, becoming the first high-profile
victim of the recent credit market woes.
People who passed on Sowood when Jeff Larson launched the
fund three years ago called the decline "unbelievable" and
"shocking" on Tuesday, and several blamed weak risk management
for the fund's death spiral.
Read more at Reuters.com Mergers News
Harvard University, lost roughly half of its $3 billion in
capital in less than a month, becoming the first high-profile
victim of the recent credit market woes.
People who passed on Sowood when Jeff Larson launched the
fund three years ago called the decline "unbelievable" and
"shocking" on Tuesday, and several blamed weak risk management
for the fund's death spiral.
Read more at Reuters.com Mergers News
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