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 Hedge fund’s 1000% subprime returnNov 26 04:19 View next topic
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Samepaige
Flash in the pan


Joined: 18 Nov 2007
Posts: 46
Location: San Francisco Bay Area

Hedge fund’s 1000% subprime returnNov 26 04:19
PostPosted: Mon Nov 26, 2007 6:51 pm Reply with quoteBack to top

http://ftalphaville.ft.com/blog/?s=1000%25

Hedge fund’s 1000% subprime returnNov 26 04:19
by Sam Jones
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Californian hedge fund Lahde Capital has made more than 1,000 per cent return this year by betting against US subprime home loans, making it one of the world’s best-performing funds of all time. Mr Lahde, More…
Californian hedge fund Lahde Capital has made more than 1,000 per cent return this year by betting against US subprime home loans, making it one of the world’s best-performing funds of all time. Mr Lahde, whose fund is one of the smallest specialists shorting subprime, has now begun to return money to investors, telling them in a letter that he expected the collapse in value of subprime mortgage-linked securities to be repeated for bonds backed by commercial property loans in a deep recession. “Our entire banking system is a complete disaster,” he wrote. “In my opinion, nearly every major bank would be insolvent if they marked their assets to market.” He also said he would be putting some of his own profits into gold and other precious metals.
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Justin
My head implode


Joined: 17 May 2006
Posts: 493
Location: Atlanta

Re: Hedge fund’s 1000% subprime returnNov 26 04:19
PostPosted: Tue Nov 27, 2007 7:11 pm Reply with quoteBack to top

Ha yeah I saw that article, too. They've definitely had more success with their bear strat than I have with mine Sad

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Justin @ Justin Owings dot Com @ The Mortgage Lender Implode-O-Meter
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Target Marketing
Flash in the pan


Joined: 15 Sep 2007
Posts: 61
Location: CA

Re: Hedge fund’s 1000% subprime returnNov 26 04:19
PostPosted: Mon Jan 14, 2008 8:40 am Reply with quoteBack to top

I hope to get my fund going by 3rd or 4th quarter of this year. Its going to focus on NPA and other value ventures globally.

Anyone here create a fund before?
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