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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (84333)	7/30/2007 10:36:37 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 110194

Is that what they call bad breadth? -g-

To: Giordano Bruno who wrote (84333)	7/31/2007 9:08:15 AM
From: Tommaso	Read Replies (1) \| Respond to of 110194

From WSJ: Sowood Capital Management told its investors that the hedge-fund firm suffered dramatic losses of more than 50% this month and that it will wind down its two funds -- becoming the most high-profile player to be cut down by the troubles roiling many parts of the bond market. The losses dropped the Boston hedge-fund firm's assets to about $1.5 billion from what had been $3 billion, the firm told investors in a letter. Sowood, which was started by Jeffrey Larson, who helped pick investments for Harvard Management Co. before launching his own hedge-fund firm, said it will distribute its remaining cash to investors, closing down the hedge-fund firm.