Unhinged Fund Alert!
22, 23, and 24!
BNC Paribas is the latest bank to announce that it was suffering hedge fund losses. It's interesting how the funds are supposed to be diversified, but they keep dropping in 2's and 3's. That tells me that they're all playing the same game. The lake is drying up and the fish have nowhere to go. They are already eating each other.
Affiliation: BNC Paribas
Fund: Parvest Dynamic ABS
Size: $2.75 B (combined)
Leverage: ?
Status: suspended
Links: Yahoo! Finance
Fund: BNP Paribas ABS Euribor
Size: $2.75 B (combined)
Leverage: ?
Status: suspended:
Fund: BNP Paribas ABS Eonia
Size: $2.75 B (combined)
Leverage: ?
Status: suspended
posted by The Obfuscation Oracle @ 8:55 AM
2 comments
2 Comments:
Paribas funds are not hedge funds. Then again, any credit market fund that loses 20% of its value in a mere two week was up to something pretty risky.
Wouldn't want you to get sued.
thanks.
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