Hedge Funds Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Hedge Funds

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Marty Rubin who wrote (5)	9/10/1998 9:58:00 PM
From: Marty Rubin	of 120

A Rogue's Gallery of Failures ASKIN CAPITAL MANAGEMENT (1994) -- A $600 million hedge-fund empire collapses, a multifaceted calamity that was touched off by inaccurate valuations fed into a model used to trade mortgage-backed securities BANK OF TOKYO-MITSUBISHI (1997) -- Records $83 million in derivatives losses from errors in one of its derivatives models NATWEST CAPITAL MARKETS (1997) -- Takes a $112 million hit from mispricing a portfolio of German and British interest rate options UBS (1997) -- Huge Swiss bank loses $412 million from derivatives, partly because of bad prices fed into an equity derivatives pricing model DATA: BUSINESS WEEK Copyright 1998, by The McGraw-Hill Companies Inc. All rights reserved. (..........and one more for our friends at Business Week #reply-5719411)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next