dmarc117 Posted November 26, 2007 Share Posted November 26, 2007 Californian hedge fund Lahde Capital has made more than 1,000 per cent return this year by betting against US subprime home loans, making it one of the world’s best-performing funds of all time. Mr Lahde, whose fund is one of the smallest specialists shorting subprime, has now begun to return money to investors, telling them in a letter that he expected the collapse in value of subprime mortgage-linked securities to be repeated for bonds backed by commercial property loans in a deep recession. “Our entire banking system is a complete disaster,” he wrote. “In my opinion, nearly every major bank would be insolvent if they marked their assets to market.” He also said he would be putting some of his own profits into gold and other precious metals. Quote Link to comment Share on other sites More sharing options...
isleseeya Posted November 26, 2007 Share Posted November 26, 2007 (edited) i get pretty happy and excited when i find a bunch of quarters in my jacket or an extra 10 dollar bill folded and hidden in my wallet that i did not expect to be there Edited November 26, 2007 by isleseeya Quote Link to comment Share on other sites More sharing options...
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