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Hedge Fund Loses All Value in 7 Days
Among hedge funds known for quickly losing value, the Eifuku Master Fund reigns supreme.
The hedge fund performed gloriously in 2000 and 2001, with gains of 18% and 76%, respectively. But substantial leverage (borrowed funds three times the amount of equity) and trading losses caused the fund to implode in just 7 days.
The swift reversal demonstrates just how volatile hedge funds can be.
Source: Wall Street Journal, January 24, 2003
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Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2008 Advocate Capital Management, Inc. except where noted. All rights reserved.
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