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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject1/23/2003 11:26:45 PM
From: Box-By-The-Riviera™  Read Replies (4) of 436258
 
a new record?

HEARD ON THE STREET
from The Wall Street Journal.

Jan. 24, 2003

Eifuku Master Fund Collapses in 7 Days
As Bets With Borrowed Money Turn Sour

Even by hedge-fund standards, this was a spectacularly rapid demise.

A $300 million hedge fund in Japan is being wound down after losing
virtually all its capital in just seven trading days in early January -- the
latest illustration of the perils of such secretive and increasingly popular
investment partnerships.
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