(Reuters) - NEW YORK, July 3 - Providing liquidity while
making risky subprime mortgage bets proved to be a bad hand for
United Capital Asset Management and other hedge funds recently
gambling on risky investments.
Earlier this year, during an American Securitization Forum
industry conference in Las Vegas, John Devaney, founder and
chief executive of United Capital Markets, was among the most
passionate of panelists who highlighted their key roles as
willing traders of a market whose losses were mounting.
Read more at Reuters.com Bonds News
making risky subprime mortgage bets proved to be a bad hand for
United Capital Asset Management and other hedge funds recently
gambling on risky investments.
Earlier this year, during an American Securitization Forum
industry conference in Las Vegas, John Devaney, founder and
chief executive of United Capital Markets, was among the most
passionate of panelists who highlighted their key roles as
willing traders of a market whose losses were mounting.
Read more at Reuters.com Bonds News
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