Relevant:
- Bear Stearns' $1.2 billion macro hedge fund sees bounce
- Cioffi, Tannin Face Jury Over Bear Funds Collapse
- Was Larry Summers Selling CDOs To Asian Sovereign Wealth Funds After The Collapse Of The Bear Stearns Hedge Fund?
- Bear Stearns Hedge Fund Losses Lead to Arbitration Claims, According to Law Firms Representing Investors
- Bear Stearns Hedge Fund Manager Departs Amid Probes
2007-06-27 — bloomberg.com
"The losses mounted as defaults on subprime loans accelerated, eroding the value of CDOs the funds held, and a second bet Cioffi, 51, had made as a hedge against such declines also went bad. By the end of April, the enhanced Bear Stearns fund was down more than 20 percent for the year."
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